Rockville-based Choice Hotels International reported a 10 percent increase in earnings for the fourth quarter but an 8 percent decrease for 2013 compared with 2012.
Choice, which franchises more than 6,300 hotels in the U.S. and abroad that account for more than half a million rooms, saw diluted earnings per share for the quarter of 46 cents, compared with 42 cents in the corresponding quarter of 2012. For the year, earnings were $1.91, compared with $2.07 for 2012.
The company noted new the recent launch of its SkyTouch Technology division, which offers cloud-based inventory management and pricing systems to hotels outside the company’s franchisees. It said a new strategic alliance with Bluegreen Vacations had generated about $3.5 million in revenue last year.
The company said it expected continued growth in the company’s core franchising business in 2014 and said it planned to sell three company-owned Mainstay hotels.