Choice Hotels (CHH) beat Wall Street estimates for quarterly earnings and revenue in its latest quarter, and it also blew away its rivals on a key metric known as RevPar, or revenue per room. RevPar rose 4.5%, which was the sixth straight month that revenues outpaced the industry. Steve Joyce, the CEO of Choice Hotels, says loyalty programs and special pricing helped drive those results. Joyce says he expects even stronger RevPar growth in the fourth quarter. Joyce is optimistic about business growth heading into 2017, saying the company continues to take market share from its competitors and he expects leisure travel to hold up well.
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