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
: 2 questions for you. First of all, if you could just -- if you could fast-forward a little bit to the first quarter of '23. And I'm not looking for guidance,
but it's just a really interesting setup with Omicron this year, but offset by really strong leisure demand. And I'm just wondering how you think that
quarter might play out fundamentally for the industry.
Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: We always ask for more of that stuff...
Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: All right. And then my other question is really on seasonality in Nashville. And I asked that because I assume summer is the big season from a tourist
perspective. But with all the new supply opening up, I'm just wondering, if we were to look at how the seasonality and demand plays out, if you
could just kind of give us a road map of what to expect.
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: I appreciate that there are some moving parts between leisure and business and group and how that recovers. But how are you thinking about
occupancy moving forward and getting back to 2019 levels? It seems like in the back half of the year, expecting more normal seasonality, but at
the same time, you do have business and group travel picking up.
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Got it. And then maybe just on the Florida Keys, RevPAR growth was, I think, 3% in the second quarter versus last year. Is that just tough comps?
And is that a market that you would anticipate seeing decline [in the second half] of the year?
| 
