Choice Hotels Reports Record 2024 Growth with 61 New Extended Stay Openings, Upscale Expansion

Choice Hotels International reported a successful year in 2024, achieving significant milestones that underscore its leadership in the hospitality sector. The company opened a record 61 new hotels in the extended stay segment, including the landmark 500th property in October, with WoodSpring Suites leading the way as the top economy extended stay brand. In the upscale market, Choice Hotels launched 27 new properties, marking an 80% increase in its Ascend Hotel Collection offerings. CEO Patrick Pacious emphasized the company's commitment to driving revenue for franchise owners while managing costs effectively. With these accomplishments, Choice Hotels is poised for further growth and innovation in 2025 and beyond. Overall, the company’s strategic focus on expansion and brand development positions it favorably for the future.