• Choice Hotels average operating margin for 2023 was 27.39%, a 30.23% decline from 2022.
• Choice Hotels average operating margin for 2022 was 39.26%, a 33.72% decline from 2021.
• Choice Hotels average operating margin for 2021 was 29.36%, a 32.01% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.