Choice Hotels International : Green Key Global Signs Agreement with Choice Hotels International to Help Franchisees Improve Sustainability Practices to Obtain its Sought-After Certification (2024)

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119 USD +0.89% Choice Hotels International : Green Key Global Signs Agreement with Choice Hotels International to Help Franchisees Improve Sustainability Practices to Obtain its Sought-After Certification (1) +0.80% +5.03%
06-25 Choice Hotels International Prices $600 Million Debt Offering MT
06-21 Susquehanna Initiates Choice Hotels International at Neutral, With $125 Price Target MT

(Ottawa, ON) - Green Key Global, the leading sustainable certification program for hotels in North America, powered by the Hotel Association of Canada and the American Hotel and Lodging Association, announced it has signed an agreement with Choice Hotels International, Inc. to offer its franchisees preferred services as properties seek its sought-after sustainability certification. With the agreement, Choice hotel owners in the U.S. will have the opportunity to harness Green Key Global's expertise to optimize operations for sustainable practices and potentially get Green Key Eco-Rating and Green Key Meetings certifications.

For certification, Green Key Global partners with a third-party accredited audit facilitator, Control Union, to assess hotels across four pillars: sustainable management, environmental impacts, cultural impacts, and socioeconomic impacts. Participating hotels will receive useful tools and one-on-one guidance to manage and improve their environmental impact. This includes opportunities to reduce utility consumption, waste, emissions, and operating costs. Nine in 10 consumers said they look for sustainable options when traveling, and certifications can also help satisfy corporate customers who are increasingly requesting information about their suppliers' social and environmental initiatives (according to the World Sustainable Hospitality Alliance). Green Key's eco-certification is aligned with all 17 United Nations Sustainable Development Goals (SDGs) and recognized by the Global Sustainable Tourism Council (GSTC).

"Choice Hotels has demonstrated a commitment to environmental responsibility by working with hotels in its system to identify utility saving opportunities and reporting greenhouse gas emissions through Its 'Room to be Green' program, that covers energy, water, waste, engagement, and biodiversity practices," declared Anick Levesque, Managing Director, Green Key Global. "Now, Choice franchisees can work with Green Key Global to achieve sought-after sustainability certifications, potentially helping to drive bookings to their hotels."

"Building a better tomorrow, today, is part of our culture at Choice. Our focus on reducing our environmental impact while helping franchisees operate their hotels more efficiently is strengthened through our work with Green Key Global. This agreement will help support Choice franchisees as they seek to certify their sustainability practices and help them attract guests and corporate clients," said Megan Brumagim, Vice President, Sustainability, Choice Hotels.

In celebration of signing the agreement with Choice, Green Key Global has contributed to the nurturing and planting of over 4,400 trees through charity partner, One Tree Planted. This initiative contributes significantly to reforestation efforts and promotes a greener future.

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Choice Hotels International Inc. published this content on 25 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 June 2024 18:52:36 UTC.

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Company Profile

Choice Hotels International, Inc. is a hotel franchisor. The Company’s segments include Hotel Franchising & Management and Corporate & Other. The Hotel Franchising & Management segment includes the Company's hotel franchising operations which consists of its 22 brands and brand extensions and the hotel management operations of 14 hotels (inclusive of four owned hotels). It has 7,527 hotels with 632,986 rooms open and operating, and 1,032 hotels with 105,062 rooms. The Company’s brands include Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Ascend Hotel Collection, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, and Cambria Hotels. It also includes Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection brands, which are located across the United States, Canada, the Caribbean and Latin America.

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2024-06-30 - Détachement de

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Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Choice Hotels International : Green Key Global Signs Agreement with Choice Hotels International to Help Franchisees Improve Sustainability Practices to Obtain its Sought-After Certification (4)

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Mean consensus

HOLD

Number of Analysts

14

Last Close Price

119USD

Average target price

126.1USD

Spread / Average Target

+5.95%

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