Notable Hit: (CHH:NYSE) On Thursday February 17, 2022 Choice Hotels International, Inc. (CHH) posted better-than-expected revenues of $284.6mm surpassing the consensus estimate of $274.86mm or by +3.5% and in the same direction as Advan's forecasted sales. The revenue was up 47% YoY and up 6% Yo2Y - Advan's foot traffic data captured an increase in foot traffic of +26% YoY (returned to 2019 levels) at its hotels for Q4 2021. Advan's footfall data has a correlation of 0.97 on a YoY basis with CHH's top-line revenue over the last 12 quarters.
Notable Hit: (ECL:NYSE) On Tuesday February 15, 2022 Ecolab Inc. (ECL) posted better-than-expected revenues of $3.36bn surpassing the consensus estimate of $3.35bn or by +0.3% and in the same direction as Advan's forecasted sales. The revenue was up 9.8% YoY - Advan's foot traffic data captured an increase in employee foot traffic of +5.7% YoY at its US factories for Q4 2021. Advan's footfall data has a correlation of 0.95 on a YoY basis with ECL's top-line revenue over the last 12 quarters.
