Despite a RevPAR decline of 15.7 percent in the second quarter, Choice Hotels International yesterday posted a net profit of $25.5 million, down only from $27 million last year, thanks to a 14-percent reduction in operating expenses. Domestic unit and room growth grew 4.8 percent and 4.5 percent. In fact, earlier today, Choice announced five Cambria Suites had opened in the past five weeks.

The news was a little different for Wynn Resorts, which released its earnings report earlier today. Profit fell 91 percent in the second quarter, to $25.5 million from $272 million a year ago. Still, analysts had predicted a net loss, so the results were better than expected and shares were trading up so far today.