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
: Is it fair -- I was trying to read through your comments earlier, Marcel, about kind of the upcoming calendar. And if you think about historical leisure
trends and where we are in business transient, is it fair to consider kind of January, February are going to be pretty weak as we stand today? Is that
kind of the way you're thinking about them as we roll through the next few quarters?
Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: All right. And speaking of the group cancellations, I think Barry mentioned maybe $3.5 million of term fees collected or I should say cancellation
and attrition fees collected. I'm just curious what that looks like for the fourth quarter?
Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst
: So the majority would not necessarily be in October? It could be in November, December as well? Is that...
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Maybe following up on the F&B cost. Have you started to pass any of those along in the form of either higher menu prices or other ancillary items
like parking to customers? Or are you still holding off on that?
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Got it. And then on the business trend improvement trends you're starting to see midweek, can you give us a sense of, from a market standpoint,
which ones maybe you're doing best and which ones are lagging? And then how much of business transient is typically those large corporate
accounts that are a little bit slower to recover here?
Question: Aryeh Klein - BMO Capital Markets Equity Research - Analyst
: Just on how much of business transient is typically those large corporate accounts that maybe have been a little bit slower to recover?
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