Accor and Choice Hotels Report Earnings
Skift Take
Choice Hotels beat earnings expectations due to "other revenues," boosted guidance, and repurchased shares, while Accor reported strong Q4 results, announced a major stock buyback, and considered selling its AccorInvest stake.
The DJIA fell 451 points, Nasdaq was down 94, the S&P 500 fell 27 points and the 10-year treasury yield was down .03 to 4.50%. Lodging stocks were lower, although the movers were to the upside, with SOND up 8% and SVC up 5%. WH traded up to another new all-time high.
Host Hotels reported a strong 4Q beat, gave lower-than-expected 2025 guidance due to margins, and did not buy back any shares in 4Q. The stock was down a bit. Park Hotels reported a solid 4Q, at least from an adjusted EBITDA standpoint. They bought back 1.8 million shares for $26 million and announced a big $100 million renovation at the Royal Palm. 2025 guidance was cautious due to Hawaii, expenses, and the renovation. The stock went down a bit. Choice Hotels had a 4Q earnings beat, but the reason was that the “other revenues” provided the upside. The NUG was surprised, but their pipeline took a bit of a hit. CHH bought back 200,000
