Choice Hotels Cuts Domestic RevPAR Growth Outlook From Flat - 2% To (3.5)% - (1.5)%
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels has revised its domestic RevPAR growth outlook from a range of flat to 2% to a new range of -3.5% to -1.5%.
August 08, 2024 | 10:36 am
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Choice Hotels has lowered its domestic RevPAR growth outlook from flat-2% to -3.5%-1.5%, indicating potential revenue challenges.
The downward revision in RevPAR growth outlook suggests that Choice Hotels is facing revenue challenges, which could negatively impact investor sentiment and the stock price in the short term.
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