Monday, January 27, 2025 Choice Hotels International, a prominent player in the global hospitality industry, has celebrated its achievements in 2024, showcasing significant growth across key segments. The company, renowned for its expansive portfolio of hotel brands, emphasized its strong positioning and potential for continued development in 2025. These advancements come as a reflection of the company’s dedication to innovation and franchisee success, laying the groundwork for a transformative impact on the travel and tourism industry worldwide.
Extended-Stay Hotels Continue to Dominate the Market One of the most notable accomplishments for Choice Hotels was the robust expansion in the extended-stay segment. In 2024, the company achieved a milestone by opening its 500th extended-stay property in October, a record-breaking feat that demonstrates the growing demand for this accommodation type. Highlights included 25 new WoodSpring Suites properties, six Everhome Suites hotels, and several openings for MainStay Suites and Suburban Studios.
WoodSpring Suites emerged as a market leader, recognized as the top economy extended-stay brand for the second consecutive year. This accomplishment underscores the increasing appeal of extended-stay properties for both leisure and business travelers seeking flexibility and affordability. The Upscale Segment Gains Momentum Choice Hotels has also made significant strides in the upscale market, a segment where it has become a formidable conte.
