Archive for February 11th, 2010

4th Quarter Hotel Profits Up in 2009

Thursday, February 11th, 2010

The economy is slowly but surely beginning to improve. During the fourth quarter of 2009, Choice Hotels International saw a 26% increase in profits – an almost unprecedented number considering the amount of slowdown most hotel chains have been experiencing.

Choice Hotels hopes to see their 1st quarter 2010 earnings rise as well. They anticipate a rather large jump, increasing 25 cents per share to roughtly $1.70 each. Thank goodness for growth. Hopefully jobs will follow!