Choice Hotels Relaunches Park Inn By Radisson To Capitalize On Untapped Market Within Portfolio Of Hotels
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels International, Inc. (NYSE:CHH) announced the relaunch of Park Inn by Radisson during its 68th Annual Convention. This move, following the acquisition of Radisson Hotels Americas in 2022, aims to reposition Park Inn into the premium value conversion space, targeting younger, value-conscious travelers. The relaunch emphasizes a guest experience filled with color, connectivity, and convenience, offering features like fast Wi-Fi, smoke-free environments, and grab & go breakfast options. The first contract under the relaunched brand has been awarded in San Antonio, Texas, with high interest for future expansion. Choice Hotels now leverages its global reservation channels and franchisee support for the Radisson Hotels Americas brands, enhancing digital traffic and bookings while reducing OTA fees. Park Inn by Radisson will also integrate into the Choice Privileges rewards program, offering points that can be redeemed at over 7,000 Choice-branded hotels.

May 02, 2024 | 1:06 pm
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Choice Hotels' relaunch of Park Inn by Radisson aims to capture the younger, value-conscious traveler market, leveraging its acquisition of Radisson Hotels Americas. The strategy includes enhanced guest experiences and expansion potential, supported by strong franchisee backing and global reservation system integration.
The relaunch of Park Inn by Radisson under Choice Hotels' umbrella is a strategic move to tap into the younger demographic with premium value offerings. This initiative is likely to enhance the brand's appeal and market share, supported by Choice Hotels' robust franchisee network and global reservation channels. The positive reception and high interest in the brand's expansion prospects, along with the integration into the Choice Privileges rewards program, suggest a favorable short-term impact on CHH's stock.
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