8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K


                                 CURRENT REPORT
               PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934


         Date of Report (Date of earliest event reported): July 17, 2003



                        CHOICE HOTELS INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)



           Delaware                   001-13393                 52-1209792
       (State or other               (Commission              (IRS Employer
jurisdiction of incorporation)       File Number)         Identification Number)



    10750 Columbia Pike, Silver Spring, Maryland                  20901
      (Address of principal executive offices)                  (Zip Code)



                                 (301) 592-5000
               Registrant's telephone number, including area code





Item 7. Financial Statements and Exhibits.

(c) Exhibit 99.1--Press Release issued by Choice Hotels International, Inc.
dated July 17, 2003.

Item 9. Regulation FD Disclosure.

On July 17, 2003, Choice Hotels International, Inc. issued a press release
announcing earnings guidance for the quarter ended June 30, 2003. A copy of the
release is furnished herewith as Exhibit 99.1. This Current Report on Form 8-K
and the press release attached hereto are being furnished by Choice Hotels
International, Inc. pursuant to Item 9 and Item 12 of Form 8-K.

The information in this Current Report on Form 8-K and the exhibit attached
hereto shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933 or the Exchange Act, regardless of
any general incorporation language in such filing.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.




Date: July 18, 2003                  /s/  JOSEPH M. SQUERI
                             ---------------------------------------
                                       Joseph M. Squeri
                             Senior Vice President, Development
                                 and Chief Financial Officer

EX-99.1

Exhibit 99.1

                                     [LOGO]

Contact:  John Hawkins
Vice President
Tel: (301) 592-5075
Fax: (301) 592-6177
john_hawkins@choicehotels.com

Joseph M. Squeri
Senior Vice President, Development, and Chief Financial Officer
Tel:  (301) 592-5006

For Immediate Release

CHOICE HOTELS ANNOUNCES 2ND QUARTER EARNINGS TO EXCEED
ESTIMATES; COMPANY WILL RAISE FULL-YEAR ESTIMATES

         SILVER SPRING, Md. (July 17, 2003) - Choice Hotels International, Inc.
(NYSE:CHH) today announced that it expects second quarter earnings to fall in
the range of $0.45 to $0.47 per diluted share, which will exceed the consensus
estimate of $0.41.

         The company also announced that it will be raising its guidance for
full year 2003 earnings per share in its second quarter earnings release, which
will be distributed after the close of the stock exchange on Wednesday, July 23,
2003.

         Choice will conduct a conference call for analysts on Thursday, July
24, 2003, at 11 a.m. Eastern time to discuss the second quarter and year-to-date
2003 results. The call-in number to listen to the call is 1-800-230-1085. The
conference call also will be Webcast simultaneously via the company's Web site,
www.choicehotels.com.
- --------------------

         The audio of the call will be archived and available on the company's
Web site and also available for replay until August 24 by calling
1-800-475-6701. The access code for the replay is: 689846.



Certain matters discussed in this press release may constitute forward-looking
statements within the meaning of the federal securities law. Such statements are
based on management's beliefs, assumptions and expectations, which in turn are
based on information currently available to management. Actual performance and
results could differ from those expressed in or contemplated by the
forward-looking statements due to a number of risks, uncertainties and other
factors, many of which are beyond Choice's ability to predict or control. For
further information on factors that could impact Choice and the statements
contained therein, we refer you to the filings made by Choice with the
Securities and Exchange Commission, including its Form 10-Q for the period ended
March 31, 2003.

         Additional corporate information may be found on the Choice Hotels'
         Internet site, which may be



         accessed at www.choicehotels.com

     Comfort, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay
Suites, Choice Privileges, EA$Y CHOICE and ChoiceBuys.com are registered
trademarks, service marks and trade names of Choice Hotels International, Inc.
Choice Hotels also owns and uses common law marks, including Profit Manager.