Choice partners with HotStats on profitability tools

Choice_NOW_Quality_Inn
Owners/operators of Choice’s more than 5,800 U.S. hotels will have access to HotStats’s benchmarking system and data platform. Photo credit: Choice Hotels International

HotStats has entered into a strategic relationship with Choice Hotels International, allowing Choice franchisees to have access to HotStats’ profitability tools through CHOPS: Choice Hotels Owner Profitability System.

By working with HotStats, owners/operators of Choice’s more than 5,800 U.S. hotels will have access to the highly detailed benchmarking system and data platform, which maps raw accounts data to the Uniform System of Accounts for the Lodging Industry and will allow hotel owners to measure their hotel(s) performance on approximately 550 line items versus other like hotels. 

CHOPS is expected to help Choice franchisees identify performance gaps and systemwide areas of opportunity within labor, benefits, maintenance, breakfast, room expenses, utilities, information technology expenses and more to better manage business and improve profitability.

FREE HOTEL MANAGEMENT NEWSLETTER

Like this story? Subscribe to Technology!

Hospitality professionals turn to Technology as their go-to news source for the latest technology products and trends. Sign up today to get news and updates on security systems, in-room entertainment, and more delivered to your inbox and read on the go.

“For 80 years, Choice has been committed to empowering our hotel owners to be in business for themselves—but not by themselves,” John Bonds, Choice's SVP of enterprise operations and technology, said in a statement. “CHOPS, which draws from the database of industry leader HotStats, is the latest, best-in-class resource we’re providing our owners to help them run successful hotels and maximize their profitability.” 

“HotStats is excited to partner with Choice Hotels, which has a clear focus on aligning brand interests with owners’ profit motives,” said HotStats CEO Pablo Alonso. “They understand the clear benefits of profitability data benchmarking and how it can help generate higher returns for owners. We look forward to a long and value-driving relationship.”

Suggested Articles

The first hurricane of the season, now on its way out of Louisiana, failed to bring the extreme flooding meteorologists feared it would.

The new appointments come as Access Point Financial plans to significantly expand its portfolio of financial programs.

The 285-key 1 West Hollywood marks the brand’s first hotel on the West Coast and its fourth hotel overall.