Choice Hotels — Nov 4, 2024 release

The adjusted numbers in the company’s outlook below exclude the net surplus or deficit generated from reimbursable revenue from franchised and managed properties, due diligence and transition costs, additional repurchases of company stock, and other items: Full-Year 2024 Prior Outlook Net Income $276 – $284 million $260 – $272 million Adjusted Net Income $323 – $331 million $309.5 – $321.5 million Adjusted EBITDA $590 – $600 million $580 – $600 million Diluted EPS $5.74 – $5.91 $5.40 – $5.65 Adjusted Diluted EPS $6.70 – $6.87 $6.40 – $6.65 Effective Income Tax Rate 24.0% 24.5% Full-Year 2024 Prior Outlook vs. Full-Year 2023 Domestic RevPAR Growth -2% to -1% -3.5% to -1.5% Domestic Effective Royalty Rate Growth Mid-single digits Mid-single digits Domestic Net Unit Growth Approximately 2% Approximately 2% (upscale, extended stay, and midscale brands) Webcast and Conference Call Choice Hotels International will conduct a live webcast to discuss the company’s third quarter 2024 earnings results on November 4, 2024, at 10:00 a.m. on the company’s investor relations website, www.investor.choicehotels.com , accessible via the Events and Presentations tab. A conference call will also be available. Participants may listen to the call by dialing (800) 549-8228 domestically or (646) 564-2877 internationally using conference ID 91747. A replay and transcript of the event will be available on the company’s investor relations website within 24 hours at www.investor.choicehotels.com/events-and-presentations . About Choice Hotels ® Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world, with over 7,500 hotels, representing nearly 635,000 rooms, in 45 countries and territor