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4-Traders Homepage  >  Equities  >  Nyse  >  Choice Hotels International Inc    CHH

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Choice Hotels International : Introduces Lodging Industry's First Major Central Reservation System In 30 Years

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01/23/2018 | 02:01pm CET

ROCKVILLE, Md., Jan. 23, 2018 /PRNewswire/ -- Building on a legacy of innovations, Choice Hotels International, Inc. (NYSE: CHH), announced today the transition to choiceEDGE, the first new global reservation system (GRS) from a hotel company in over 30 years. The state-of-the-art distribution platform supports more than 6,500 Choice Hotels properties globally. The choiceEDGE platform leads the way for the industry's shift towards accelerated global digital communication and guest experience personalization through data analytics.  

Choice Hotels International. (PRNewsFoto/Choice Hotels International)

choiceEDGE and its cloud-based, technically advanced design is built to effectively handle the current and future volume on digital channels, and is the most advanced GRS in the lodging industry. The platform manages all distribution for Choice Hotels, optimizing rate, inventory, availability, shopping, booking and reservations for its website, mobile apps and third-party distribution partners.

This transformational project, which began in 2014, is led by the Choice Hotels technology innovation team, based in Phoenix, Arizona, and is a milestone initiative for the company and recently appointed President and CEO Pat Pacious.

"There has been an explosion of growth in shopping requests and digital travel sales worldwide over the last decade. The industry's old reservation systems are not designed to handle the volume and velocity of transactions we see today in the digital space," said Pacious. "choiceEDGE harnesses the power of cloud computing and big data analytics to help deliver value to both guests and franchisees, and leads the industry in capabilities. Through personalization and machine-learning, we are now able to create the intuitive experience guests want and provide data-driven, holistic solutions to boost efficiencies for our franchisees and throughout our value chain."

Flexibility, scale and speed to market are critical components of the choiceEDGE platform's unprecedented design. As Choice Hotels continues its growth in the upscale and midscale segments, and internationally, the choiceEDGE product will support its expanded system size, as well as multi-channel distribution and mobile strategies.

choiceEDGE features:

  • Faster-to-market new products, features and third-party connectivity.
  • Cloud-based scalability, stability and performance delivered through a "reservation-as-a-service" model.
  • Preconfigured, state-of-the-art connectivity with online travel agents, global distribution systems and property management systems, enabling rapid onboarding of hotels and instant value delivery.
  • Capability to add selling disparate inventory types, including hotel rooms, meeting rooms, vacation rentals and package offerings – or any space for any duration.

"This new platform showcases our talent and the forward-thinking, fast-paced and collaborative nature at Choice Hotels, mirroring that of any leading technology incubator," said Brian Kirkland, vice president of engineering at Choice Hotels. "choiceEDGE strengthens our core capabilities, and positions us and our franchisees to capitalize on the growth our industry is experiencing, while enabling the efficient future delivery of new initiatives."

Choice has already onboarded multiple distributors onto the advanced platform. Traci Mercer, senior vice president, global lodging, ground and sea, Sabre Travel Network, stated, "The new global reservation system, choiceEDGE, is helping Choice Hotels and Sabre gain seamless distribution of the broad and rich content for our buyers."

The choiceEDGE platform is the latest innovation by Choice Hotels and is part of a portfolio of tools and technology-driven solutions. Choice Hotels has pioneered some of the industry's greatest developments, including the first online booking platform and first mobile app.

About Choice Hotels
Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest hotel companies. With over 6,500 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe.  As of September 30, 2017, over 800 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® Hotels, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice Hotels® brands provide a spectrum of lodging choices to meet guests' needs. With more than 33 million members, our Choice Privileges® rewards program enhances every trip a guest takes, with benefits ranging from instant, every day rewards to exceptional experiences, starting right when they join.  All hotels and vacation rentals are independently owned and operated. Visit us at www.choicehotels.com for more information.

©2018 Choice Hotels International, Inc. All rights reserved.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/choice-hotels-introduces-lodging-industrys-first-major-central-reservation-system-in-30-years-300585193.html

SOURCE Choice Hotels International, Inc.


© PRNewswire 2018
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Financials ($)
Sales 2017 993 M
EBIT 2017 277 M
Net income 2017 157 M
Debt 2017 559 M
Yield 2017 1,07%
P/E ratio 2017 28,80
P/E ratio 2018 24,16
EV / Sales 2017 5,18x
EV / Sales 2018 4,81x
Capitalization 4 578 M
Chart CHOICE HOTELS INTERNATIONA
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Choice Hotels Internationa Technical Analysis Chart | CHH | US1699051066 | 4-Traders
Technical analysis trends CHOICE HOTELS INTERNATIONA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 11
Average target price 79,2 $
Spread / Average Target -2,1%
EPS Revisions
Managers
NameTitle
Patrick S. Pacious President, Chief Executive Officer & Director
Stewart W. Bainum Chairman
Dominic E. Dragisich Chief Financial Officer
Todd Davis Chief Information Officer
John Bonds Senior VP- Enterprise Operations & Technology
Sector and Competitors