Choice Hotels International Inc. (NYSE:CHH) Q1 2017 Earnings Conference Call - Preliminary Transcript

May 04, 2017 • 10:00 am ET


Choice Hotels International Inc. (NYSE:CHH) Q1 2017 Earnings Conference Call - Preliminary Transcript


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Ladies and gentlemen, thank you for standing by. Good morning and welcome to the Choice Hotels International First Quarter 2017 Earnings Conference Call. [Operator Instructions]As a reminder, today's call is being recorded. During the course of this conference call certain predictive or forward looking statements will be used to assist you and understand the company and its results, which constitute forward looking statements under the Safe Harbor provision of the securities Reform Act of 1995.

These forward looking statements generally can be identified by phrases such as choice or management believes, expect, anticipates or sees, forecasts, estimates, or other similar words or phrases. such statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

Please consult companies for MTA for the year ended December 31 2016, and other SEC filings for your information about important respectives effects. The company that you should consider. Although we believe that the expectations reflected in the four different statements are reasonable, we cannot guarantee future results, levels of activity performance or achievement.

We caution you do not place undue reliance on forward looking statements which reflect our analysis and speak only as of today's date. we undertake no obligation to publicly update our forward looking statements 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 first quarter 2017 earnings press release, which is posted on our website at choice hotels calm and do the investor in the information section. With that being said, I would like to do Steve Joyce, Chief Executive Officer of choice hotels international Incorporated. Please go ahead, sir.

Steve Joyce

Thank you. Good morning. Thanks for joining us today. We're obviously very excited to share choice hotels first quarter 2017 earnings update. Today I'm joined by some of our key leaders including Dominic drag as itch Join choices our chief financial officer on March 6, Dominic brings impressive experience in both finance and business administration.

He will lead choices hotels financial strategy, as well as play a key role in strategic corporate growth initiatives with a focus on company performance, and particularly shareholder value. Dominic and I will provide our first quarter earnings update. Afterwards, the phone line will open for q&a.

And we'll be joined by Patrick Pacious who's our president and COO, and Scott OakSmith, our senior vice president chief accounting officer. Today with nearly 6500 hotels in 40 countries and territories worldwide. We are one of the world's largest hotel companies in the US. Choice hotels represents one in 10 hotels.

We continue to aggressively expand and reach new markets every day in February choice reported strong fourth quarter and year end results. And I'm here and pleased to share that that momentum is continuing in the two 2017 there are three key strategic areas that are contributing to our continued success.

First, is our strategic efforts to help increase franchisee profitability. Second, is