Choice Chooses Fancy, Spirit Exits Bankruptcy and Booking Boosts Revenues

Choice Hotels is shifting its focus from budget roadside chains to upscale and extended-stay properties, with brands like MainStay Suites nearly doubling their footprint since 2019. Spirit Airlines will exit Chapter 11 bankruptcy as a private company after a U.S. judge approved its restructuring plan, with top bondholders gaining control. Booking Holdings CEO Glenn Fogel downplayed AI-related disruptions, emphasizing negotiations with AI platforms while highlighting the company's strong growth in alternative accommodations.

• Choice Has Dumped Hundreds of Budget Hotels in Upscale Strategy Shift
• Spirit Airlines Cleared to Exit Chapter 11 Bankruptcy
• Booking Holdings Downplays Concerns That Agentic AI Platforms Will Displace It

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