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
: Any difference you're seeing in the September cancellation rate relative to August, a month ago? In other words, any impact from the Delta variant
or just simply more cancellations because we're transitioning into business from leisure?
Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: What are you watching from a larger group event calendar basis to kind of be a harbinger of attendance? And hopefully, it's not [ALIS]. We didn't
hear great things about that. But as you look into September, October, November, give us a few conferences that you're watching to be indicative
of trends.
Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: And then finally from me, if I could, one more. Just any incremental change in the ability to hire at the property level over the last month or 2?
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AUGUST 03, 2021 / 5:00PM, XHR.N - Q2 2021 Xenia Hotels & Resorts Inc Earnings Call
Question: Bryan Anthony Maher - B. Riley Securities, Inc., Research Division - Analyst
: Two questions for me. One on the food and beverage. I know it's not up to the level that you would expect or hope for. It was above what we were
looking for. Can you give us a little bit of the dynamic of the leisure traveler? And is there potential over-propensity to spend on F&B. I mean how
is that dynamic working relative to what you would normally see with group using a lot of F&B?
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AUGUST 03, 2021 / 5:00PM, XHR.N - Q2 2021 Xenia Hotels & Resorts Inc Earnings Call
Question: Bryan Anthony Maher - B. Riley Securities, Inc., Research Division - Analyst
: And then maybe for Marcel, as you think about acquisitions, it seems like everybody wants to chase after the hotel du jour Sunbelt leisure drive-to.
What are your thoughts about going after northern urban assets, if you could pick them up at a significant discount and either reposition those
properties or wait for an eventual recovery? How are you thinking about the 2 different buckets to buy in?
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Maybe just on the services front. How are you thinking about bringing some of those back? You mentioned kind of the modified services in certain
hotels and markets. And what, if any, customer pushback have you seen or heard?
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Yes. And then just -- you talked about a little bit earlier the trends you've seen in July. Can you maybe provide a little more granularity on what
you're seeing in some of the urban or business-oriented markets that have maybe been a little bit slow to recover? And how that's progressing?
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