1046311--3/2/2009--CHOICE_HOTELS_INTERNATIONAL_INC

related topics

{condition, economic, financial}

{competitive, industry, competition}

{system, service, information}

{operation, international, foreign}

{financial, litigation, operation}

{regulation, change, law}

{investment, property, distribution}

{product, market, service}

{cost, operation, labor}

{property, intellectual, protect}

{provision, law, control}

{operation, natural, condition}

{product, liability, claim}

{stock, price, operating}

{personnel, key, retain}

{debt, indebtedness, cash}

{gas, price, oil}

{regulation, government, change}

We are subject to the operating risks common in the lodging and franchising industries. The current general economic recession and the slowdown in the lodging industry may impact our financial results and growth. Continuing economic and credit market conditions may result in a reduction in the number of new franchise agreements. New branded hotel products that we have launched or may launch in the future may not be successful. We are subject to risks relating to acts of God, terrorist activity, epidemics and war. We may not grow our franchise system or we may lose business by failing to compete effectively. We may not achieve our objectives for growth in the number of franchised hotels. Contract terms for new hotel franchises may be less favorable. Under certain circumstances our franchisees may terminate our franchise contracts. Deterioration in the general financial condition of our franchisees may adversely affect our results. Increasing use of internet reservation channels may decrease loyalty to our brands or otherwise adversely affect us. We are dependent upon our employees ability to manage our growth. We and our franchisees are reliant upon technology. Our international operations are subject to special political and monetary risks. We are subject to certain risks related to our indebtedness. Anti-takeover provisions may prevent a change in control. The concentration of share ownership may influence the outcome of certain matters. Government regulation could impact our business. Failure to comply with the Sarbanes-Oxley Act could impact our business. We are subject to certain risks related to litigation filed by or against us. Disruption or malfunction in our information systems could adversely affect our business. The weakening of our intellectual property could impact our business. Failure to maintain the integrity of internal or customer data could result in faulty business decisions, damage of reputation and/or subject us to costs, fines or lawsuits. Instability in the credit markets may impact the ability of our franchisees to expand or construct new locations. Development activities that involve our co-investment or financing and guaranty support for third parties may result in exposure to losses.

Full 10-K form ▸

1046311--3/2/2009--CHOICE_HOTELS_INTERNATIONAL_INC_/DE