Choice Hotels CEO: We're a Buyer, Not a Seller

The transcript discusses a company's strong quarterly performance, driven by strategic actions with franchisees, a focus on leisure business, and new unit additions. The company is gaining market share and expects continued growth in the fourth quarter despite a sluggish economy and reduced business travel. Consolidation in the industry is noted, with the company open to expansion opportunities. Hiring plans are underway, with a focus on attracting talent through improved leave policies and addressing wage pressures.

What factors contributed to the company's strong quarterly performance?

• Decrease in new units

• Reduction in leisure business

• Strategic initiatives with franchisees and owners

• Increased business travel

How much of the company's growth is attributed to gaining market share?

• About 2/3

• About 1/4

• About 1/2

• About 1/3

What is the company's stance on industry consolidation?

• They are open to being acquired

• They are not interested in consolidation

• They are reducing their scale

• They are interested in acquiring others

What is the company's plan regarding workforce expansion?

• They plan to maintain the current workforce size

• They plan to hire around 200 people

• They plan to outsource more jobs

• They plan to reduce their workforce

How is the company addressing wage pressures?

• By improving leave policies

• By freezing hiring

• By outsourcing jobs

• By reducing wages