Choice hotels international provides covid-19 business update

Choice hotels international provides covid-19 business update.choice hotels international inc - reduced compensation of board, ceo and other executive officers for remainder of 2020.choice hotels international inc - suspended company's share repurchase plan..choice hotels international inc - determined to suspend future, undeclared dividends for remainder of 2020.choice hotels international inc - has $489 million in cash and available borrowing capacity through its revolving credit facility.choice hotels international inc - implemented a hiring freeze except with respect to certain critical positions.choice hotels international inc - suspended associates' 401(k) match and implemented a temporary furlough for certain positions in europe.choice hotels international inc - eliminated, reduced or deferred non-essential expenditures, discretionary capital expenditures and investments..choice hotels international inc - determined to suspend future, undeclared dividends for remainder of 2020..choice hotels international inc - suspended one-time finance charges, reputation management fees and guest relations handling fees.choice hotels international inc - domestic occupancy levels were below 50% for month of march.choice hotels - occupancy trends have continued in early april with over 90% of domestic branded hotels continuing to operate at this time.
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