Choice Hotels, others roll out resistant products

Choice Hotels, others roll out resistant products

[ad_1]

rssfeeds.usatoday.com

The odds of the economy sliding into a recession this year have dropped in recent months, but don’t tell America’s chief executives.

Choice Hotels plans to announce Monday that it’s launching a new mid-priced extended-stay hotel chain called Everhome Suites that it says can perform well even if the economy slows or heads south – a big drawing card for franchisees. The first outlet is scheduled to open in Corona, California, in 2021, and another 12 are set for the Los Angeles and Austin, Texas, areas over the next couple of years.

 “It’ll do well during recession,” Choice CEO Patrick Pacious told USA TODAY. Developers – franchisees who each own several hotels – “see the segment as a smart investment at this stage of the lodging cycle,” he says, with the industry’s revenue per available room forecast to soften this year. Extended-stay hotels are geared to stays of at least seven nights.

[ad_2]

Source link

Published
Categorized as Business

By Bernice Caldwell

Bernice is one of the finest authors Industry News Today portal has until now. Bernice's linguistic and well-written technique is one of the plus points that have the readers glued to her articles. Bernice currently heads the Healthcare and Services domain as her knowledge on the medical topics is immense. She has just joined the Industry News Today portal 6 Months back but the love for writing can be very well seen. She may be short on experience but it has definitely not stopped her from presenting some of the finest articles. Bernice is currently a very well-known personality on the portal to have shown her skillful writing in such a limited time span.

Leave a comment

Your email address will not be published. Required fields are marked *