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Hotel Equities names Clint DeLee, Karen Mendez VPs, operations

Hotel Business

Other promotions include: Lindsay Meadows has been promoted to SVP, accounting & procurement. Since joining HE in 2022, she has been instrumental in optimizing procurement strategies and vendor relationships. Brad Read s promotion to SVP, finance recognizes his contributions to strategic finance and commercial operations.

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Choice Q3 domestic RevPAR increases 15.2%

Hotel Business

30, reported domestic RevPAR growth accelerated quarter-over-quarter, increasing by 15.2% Domestic RevPAR growth has surpassed 2019 levels for 16 consecutive months through Sept. The number of domestic franchise agreements awarded in the quarter increased by 38%, compared to the same period of the prior year.

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Is It Okay to Ask Your Dinner Party Guests to Venmo You?

EATER

Dinner parties became normal, and hosting a way to both gather your friends and show off your domestic skills. If you’re planning to host a group that wants to feast on caviar, king crab legs, or some other outrageously priced delicacy, it’s perfectly reasonable to ask attendees to chip in to procure these extravagant ingredients.

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What does the Aimbridge-Interstate merger mean for the business?

Hotel Owner

We have also got a larger potential deal space since the merger, and we have also been able to really harness the benefits of all what we call proprietary tools that were developed in Aimbridge across financial, commercial and procurement platforms. What trends are you seeing currently in the hospitality industry?

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Choice reports record-high Q1 revenues

Hotel Business

First-quarter 2023 domestic effective royalty rate increased 6 basis points to 4.99%, compared to the same period of 2022. Platform and procurement services fees increased 18% to $13.8 Domestic royalties increased 13% to $98.2 The total number of domestic hotels and rooms, as of March 31, 2023, increased 6.5%

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Hotel Equities makes leadership changes

Hotel Business

Other promotions include: Lindsay Meadows has been promoted to SVP, accounting & procurement. Since joining HE in 2022, she has been instrumental in optimizing procurement strategies and vendor relationships. Brad Read s promotion to SVP, finance recognizes his contributions to strategic finance and commercial operations.

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Choice achieves record revenues in 2023

Hotel Business

Domestic RevPAR increased 12.7% The growth of the company’s domestic upscale, extended-stay and midscale brands accelerated from Sept. Platform and procurement services increased 18% to $75.1 The company’s domestic effective royalty rate for the full-year ended Dec. Domestic RevPAR increased 12.7%