• Choice Hotels average pre-tax profit margin for 2023 was 24.79%, a 29.71% decline from 2022.
• Choice Hotels average pre-tax profit margin for 2022 was 35.27%, a 54.29% decline from 2021.
• Choice Hotels average pre-tax profit margin for 2021 was 22.86%, a 52.3% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.