4th Quarter Hotel Profits Up in 2009

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!

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