Choice Hotels International saw revenue per available room increase 2.7 percent year over year during the second quarter, driven mostly by rate. Average daily rate rose 2.4 percent to $83.64, while occupancy increased 20 basis points to 67.2 percent. Total revenue for the quarter increased 13 percent to $295.4 million, and net income increased 58 percent to $79.8 million. Choice's total domestic pipeline of hotels awaiting conversion, under construction or approved for development as of June 30 grew 32 percent year over year to 950 hotels. Looking ahead, the company expects RevPAR to increase by between 1.5 percent and 3 percent for the full year 2018.
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