Company Research Essay

1872 words - 7 pages

Overview of the companyChoice Hotels International is a hospitality-based corporation. It was formed as Quality Courts United, founded by several Florida motor court owners in 1941 to reverse the poor image of roadside residences as warrens of travelers. The idea of providing value-driven guests affordable lodging in convenient and popular locations made Quality Courts success over the years. It began to sell franchises in 1963 and renamed Quality as Choice Hotels International in 1990. Today, Choice Hotels expand services by launching different brands include Comfort Inn, Comfort suites, Sleep Inn, Quality Inn, Clarion, Suburban Extended Stay Hotel, Roadway Inn, Mainstay Suites, Cambria Suites, Ascend Collection and Econo Lodge. The dominate position within lodging industry brings Choice Hotels into one of the leading hotel franchisors in the world with more than 6,200 locations in the US and more than 30 in other countries (Hoover's Inc., 2013, p. 2-3). (See Appendix A for more details).Mission & GoalsChoice hotels' mission is "to deliver a franchise success system of strong brands, exceptional services, vast consumer reach and size, scale and distribution that delivers guests, satisfies guests and reduces cost for hotels owners" (Choice Hotels, n.d.a, para. 3). Choice hotels has its specific goals to build strong brands, deliver exceptional services, reach more customers and leverage hotels' size, scale and distribution to reduce costs for hotel owners. The company also intends to create even greater awareness for their brands with the ultimate goal of driving business through its central reservation system (Choice Hotels, 2012, p. 16).Financials(Figures of sales and net income are in millions)
Fiscal Period

2011

2010

2009

2008

2007

Sales

$638.8

$596.1

$564.2

$641.7

$615.5

Net Income

$110.4

$107.4

$98.3

$100.2

$111.3

Profit Margin

17.2%

18.0%

17.4%

15.6%

18.0%

Employee numbers

1,431

1,524

1,560

1,789

1,816

(Choice Hotels, 2012, p. 34; Gale, 2013) (See Appendix B for more details)Civic and Community InteractionAwards: "Best Place to Work for LGBT Equality"; "2010 Excellence Award"; "2010 Gold Award Recipient", and "2010 Top 50 Franchises for Minorities" (Choice Hotels, n.d.b).Choice Hotels International Foundation: The Foundation funds a number of programs such as scholarship programs that support the children of Choice Hotels' employees to get education (Choice Hotels, n.d.c).Community: Choice Hotels launches Room to be Green program to commit to protect the environment. In 2009, it has partnered with Rebuilding Together to provide people who need to rehabilitate their homes (Choice Hotels, n.d.d).Executives and Officers
Name

Title

Stephen P. Joyce

President, and CEO

Patrick Pacious

EVP, Global Strategy & Operations

Patrick Cimerola

SVP, Human Resources and Administration

David A. Pepper

SVP, Global Development

David White

CFO

William Carlson

SVP,...

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