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: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: A lot of information there, I appreciate that. Marcel, I think, it was your prepared comments, you mentioned that slowdown was inevitable because
of the increase in the case count. I didn't get a sense that, that was reflected in your July to date results, which seem kind of even with June. What
are you seeing in your forward bookings that indicate that the slowdown is here or is coming?
Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: Okay. The second topic I wanted to jump into a little bit, you -- I appreciate you discussing it briefly in your remarks was the transition from the
summer period into the fall. And I'm just wondering, I know you don't have a especially long booking window, but what are you seeing as we get
past Labor Day? And how tenuous is the kind of decision to reopen hotels ahead of what appears to be a pretty slow fall from a business travel
perspective?
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Just as COVID cases (inaudible) but have there been any variances across markets that have been more or less impacted that you've seen?
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Sorry about that. Just as COVID cases have risen, it sounds like occupancy has stayed consistent, but has it varied across markets that have been
more or less impacted by the rise in COVID cases?
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JULY 30, 2020 / 5:00PM, XHR.N - Q2 2020 Xenia Hotels & Resorts Inc Earnings Call
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: And just one -- maybe one last question just on group bookings into 2021. Have there been any cancellations yet for that, that you've seen?
Question: Bryan Anthony Maher - B. Riley FBR, Inc., Research Division - Analyst
: And most of my questions have already been asked and answered. But if I can drill down just a little bit more on Tyler's question regarding the
pricing environment. I think most of the people on this call, I would think that weren't around in '09 and '10 when we saw distressed owners who
were simply trying to make debt service pricing, high-quality room ridiculously low prices. Are you seeing that now out in the marketplace? Or do
you anticipate that as you get into the fall of occupancy [doesn't cover] later?
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