ChoiceBuys.com, the proprietary on-line purchasing system for franchisees of Choice Hotels International (NYSE:CHH), has been named one of the 200 most promising business-to-business (B2B) web sites by Forbes.com.
“We are delighted that Forbes.com has featured ChoiceBuys.com in its first annual Best of The Web: B2B guide as one of the top B2B sites in the world,” said Charles A. Ledsinger, Jr, president and chief executive officer. “Almost 1,700 franchisees, representing more than 70 percent of our domestic licensee base, have signed on to our site and are learning the value of on-line purchasing.”
The ChoiceBuys.com site features more than 150 endorsed suppliers offering thousands of products from hard goods to linens to toner cartridges. In addition to the product selection and direct ordering capability, the site offers detailed purchasing reports that help hotels monitor purchasing activity for each vendor. In operation for more than a year, ChoiceBuys.com released its latest version with enhanced functions and graphics this past spring. With the latest release, the site has evolved into a communications portal providing Choice franchisees with all the information needed to efficiently operate their hotels.
Forbes.com reviewed more than 1,000 B2B marketplaces and selected the 200 most promising and competitive in 25 major industries. Each company was judged on its strategy, its execution, its financial staying power and its Web site.
Choice Hotels International is the second-largest hotel franchisor in the world with almost 5,000 hotels open and hotels under development in 38 countries. Its Comfort, Quality, Clarion, Sleep, Econo Lodge, Rodeway Inn and MainStay Suites brands serve guests worldwide. Additional information on Choice and its brands can be found at www.choicehotels.com.