Choice Hotels International, Inc. (NYSE:CHH) Q2 2023 Earnings Conference Call August 8, 2023 10:00 AM ET

Company Participants

Allie Summers - Senior Director & IR

Patrick Pacious - President & CEO

Dominic Dragisich - CFO

Conference Call Participants

Michael Bellisario - Baird

Dany Asad - Bank of America

Stephen Grambling - Morgan Stanley

Robin Farley - UBS

David Katz - Jefferies

Brandt Montour - Barclays

Joseph Greff - JPMorgan

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Choice Hotels International Second Quarter 2023 Earnings Call. At this time, all lines are in a listen-only mode.

I will now turn the conference over to Allie Summers, Investor Relations, Senior Director for Choice Hotels.

Allie Summers

Good morning, and thank you for joining us today. Before we begin, we'd like to remind you that during this conference call, certain predictive or forward-looking statements will be used to assist you in understanding the company and its results. Actual results may differ materially from those indicated in forward-looking statements and use to consult the company's Forms 10-Q, 10-K and other SEC filings for information about important risk factors affecting the company that you should consider.

These forward-looking statements speak as of today's date and we undertake no obligation to publicly update them to reflect subsequent events or circumstances. You can find a reconciliation of our non-GAAP financial measures referred to in our remarks as part of our second quarter 2023 earnings press release, which is posted on our website at choicehotel.com under the Investor Relations section.

This morning, Pat Pacious, our President and Chief Executive Officer; and Dom Dragisich, our Chief Financial Officer, will speak to our second quarter operating results and financial performance. Following Pat and Dom's remarks, we'll be glad to take your questions.

And with that, I'll turn the call over to Pat.

Patrick Pacious

Thank you, Allie, and good morning, everyone. [Technical Difficulty] I'm pleased to report that Choice Hotels once again generated impressive earnings, fueled by our best-in-class hotel conversion capability, and our exceptional success in rapidly integrating Radisson Americas ahead of schedule.

At the same time, J.D. Power ranked two of our fastest growing brands, number one in guest satisfaction, Cambria hotels in the upscale segment and WoodSpring Suites in the economy extended stay segment. Our strong performance and the velocity at which we are executing have enabled us to further invest in our business to drive significant, long-term earnings growth and return a meaningful amount of capital to our shareholders.