Choice Hotels reports 6% rise in Q3 revenue

10/25/2013 | American City Business Journals

Choice Hotels International reported revenue of $223.2 million during the third quarter, up 6% from the previous year. However, net income declined to $41.5 million from last year's $44.4 million on increased spending for marketing efforts. The hotel firm posted a 3% increase in revenue per available room systemwide amid a 1.9% rise in average daily rate and a 0.7% increase in occupancy.

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