November 13, 2009 2:04 AM
- Text
Choice Hotels Finally Agrees to List Properties on Expedia
(MoneyWatch) After a public falling out, Choice Hotels International Inc. -- which includes Comfort Suites, Econo Lodge, Rodeway Inn and Cambria Suites -- signed a three-year deal to list its hotels on Expedia.com. This comes after Expedia declined to list the hotels on its site after negotiations broke down in October over last-room availability. (Last-room availability refers to hotel owners, most of them franchisees, relinquishing pricing and inventory to the online travel agency.)
Choice Hotels, which claimed Expedia wanted to act as the chain's revenue manager by controlling pricing and availability, declined Expedia's offer. However, it's unknown how much changed from the original deal to the one most recently signed. In any case, Choice Hotels reported last week that it expected revenue per available room to dwindle further in the fourth quarter. That report was followed yesterday by Choice Hotels announcing that it opened 35 hotels in October.
So, did the prospect of losing more money push Choice Hotels into the agreement? Or did three weeks of waiting get the company a slightly better deal and control over last-room availability? So far, neither company is telling. I guess we'll have to wait for those answers, but until then, Choice Hotels will be included hotel searches on Expedia.com.
Choice Hotels, which claimed Expedia wanted to act as the chain's revenue manager by controlling pricing and availability, declined Expedia's offer. However, it's unknown how much changed from the original deal to the one most recently signed. In any case, Choice Hotels reported last week that it expected revenue per available room to dwindle further in the fourth quarter. That report was followed yesterday by Choice Hotels announcing that it opened 35 hotels in October.
So, did the prospect of losing more money push Choice Hotels into the agreement? Or did three weeks of waiting get the company a slightly better deal and control over last-room availability? So far, neither company is telling. I guess we'll have to wait for those answers, but until then, Choice Hotels will be included hotel searches on Expedia.com.
Latest Now in MoneyWatch
- EU: Greece must cut deeper to get bailout
- Big banks, gov't officials strike $25B deal
- LinkedIn swings back to profit
- LinkedIn doubles revenue, beats growth estimates
- Kodak to stop making digital cameras, frames
- Market cap, schmarket cap, Apple still gets no respect
- Philip Morris Int'l income up nearly 8 percent
- Survey: Small biz plans big hires in 2012
- Freddie Mac: Mortgages inch higher but stay low
- Will the European debt crisis sink Obama's re-election?
- Banks in $25B deal to settle foreclosure abuses
- Joe Coffee: Scaling up without selling your soul
- Greek agreement accomplishes nothing
- 401K plans: New rules make costs clearer
- Are women leaders selling themselves short?
- Ask the Experts: New 401(k) rules
- Mortgage lenders strike a deal
Latest CBS News Headlines
on Facebook
on CBS News
- Spain set to pass crucial labor market reforms
- Virgin, British Airways $235M Nigeria fine quashed
- India, EU hope to reach free-trade pact this year
- Blasts rock Syria's 2nd largest city, Aleppo
on Facebook
- Tenn. father charged with murdering couple who"unfriended" daughter on Facebook
- "Person to Person" with George Clooney
on CBS News






