The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Neil Lawrence Malkin - Capital One Securities, Inc., Research Division - Analyst
: I just wanted to first off echo Austin's comments. Great job getting back to -- and then above breakeven and on a cash flow basis.
Really a testament to your guys' strategy, so.
So first question, just in terms of the sort of spotty business, travel business, transient customer, can you maybe talk about the
differences, if any, that you're seeing in, first off, your more, I guess, your larger primary markets, like maybe in Southern California
versus some of your more, I guess, secondary or tertiary markets? And then maybe if you're -- the difference you're hearing from
local versus national accounts at your hotel, just in terms of planned resumption of travel? Or the strength of the negotiating season
you had with them? That would be great.
Question: Neil Lawrence Malkin - Capital One Securities, Inc., Research Division - Analyst
: Got it. And then, yes, just in terms of the local versus national conversation in terms of the corporates that you do have, any additional
commentary there or things to call out?
Question: Neil Lawrence Malkin - Capital One Securities, Inc., Research Division - Analyst
: Okay. Great. And then another one for me is, you -- I guess, maybe along the same lines, you kind of mentioned this in your press
release, but what are some of the things you're doing either from an asset manager, property manager level to gain opportunistic
business or just additional business in creative ways, particularly as leisure demand tapers off toward the end of the year?
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