We had comparisons against fee holidays, you know, the prior year in private equity, the new businesses ramping I mentioned, and then the sort of COVID T&E effect or benefit, which we're all rooting for expecting to reverse later in the year.

Apr 22, 2021 / CFO / receipt, needs a key / Michael Chae, CFO | earnings call 2021-04-22 | transcript dee5eed8-10fe-41a8-9662-ae942a6e915b | chars 44796-45038 | segment 46

But corporate and group business travel will likely remain depressed for some time, and we're preparing for a long recovery.

Jul 23, 2020 / receipt, needs a key / Michael Chae, other | earnings call 2020-07-23 | transcript e2bc181d-b0c1-4793-9b15-34350e9e8a6f | chars 20857-20981 | segment 21