Moving through the remainder of 2023 and into 2024, as business and group travel continue to accelerate, Braemar is on solid footing to perform well in both the near term and the long term.

Nov 9, 2023 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2023-11-09 | transcript 573457c8-e7c0-442e-ab43-bf01e07abf06 | chars 8261-8450 | segment 8

In summary, I'm optimistic about our future results as evidenced by our group pace being up 20% for 2023 and 16% for 2024, which is benefiting from both corporate and social groups. As we move through the remainder of 2023 and into 2024, we're on solid footing to perform well in both the near term and the long term as business and group travel continue to accelerate.

Aug 2, 2023 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2023-08-02 | transcript f1a5a3c2-f458-4285-8557-54bef00b5061 | chars 8319-8688 | segment 8

Our unique portfolio, which is focused on the luxury segment and with properties in both resort and urban markets, puts us on solid footing to perform well in both the near term and the long term as leisure demand remains strong and business and group travel continue to accelerate.

May 3, 2023 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2023-05-03 | transcript c519b8cb-7807-4228-b6cb-570f0f0628d0 | chars 8325-8607 | segment 8

Looking ahead, our unique portfolio, which is focused on the luxury segment and with properties in both resort and urban markets, positions us to perform well in both the near term and the long term as leisure demand remains strong and business and group travel continue to accelerate.

Feb 23, 2023 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2023-02-23 | transcript 2ba19de7-ab2d-465f-81ff-f037c0bc7d37 | chars 8270-8555 | segment 8

We've been really happy with just the continued rebound of our urban hotels. I mean, they continue their trajectory really well. To kind of put it in context, they've outperformed each month through this year. In January, they were at about 44% of 2019 levels. You fast forward to June, we were at 91% of 19 levels for our urban hotels. There's no signs of that slowing down. Corporate travel remains strong. It's very short term in terms of a booking window standpoint. Our group pace remains strong. ADR is very favorable as we look ahead. And so we expect that trajectory to continue and ultimately to kind of exceed historic levels.

Aug 4, 2022 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2022-08-04 | transcript ccea66b6-bde1-496c-bdc5-166fa7d8da41 | chars 18293-18929 | segment 19

In terms of San Francisco, we're seeing some favorable things out of that market. You know, June was the first month that the hotel exceeded 2019 room revenue at the Clancy. It was driven by ADR, which is great to see. We had an RSA citywide in June. It's usually in February, but it shifted due to COVID. Produced nearly 800 room nights for the hotel. We're starting to see healthy signs out of San Francisco in terms of corporate travel coming back. Deloitte and Salesforce, which are big accounts for that hotel, are starting to travel again.

Aug 4, 2022 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2022-08-04 | transcript ccea66b6-bde1-496c-bdc5-166fa7d8da41 | chars 18930-19475 | segment 19

I think as business travel comes back, The people that are traveling now and have more flexibility in their schedules and are spending time at resorts are going to be on the road and attending meetings and groups and conferences.

Feb 25, 2022 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2022-02-25 | transcript 7298a405-d3a7-4131-a2d3-fbe659e5f2e5 | chars 20305-20534 | segment 20

I think the leisure rates that we've been able to achieve aren't going to fall precipitously. I think once your affluent traveler gets used to paying $1,000 a night for a room, they're going to continue to do so.

Feb 25, 2022 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2022-02-25 | transcript 7298a405-d3a7-4131-a2d3-fbe659e5f2e5 | chars 21030-21242 | segment 21

Is it safe to say that maybe ADR could come back on the affluent leisure travel or but occupancy upticks at a decent rate from business travel to the urban properties. And at the end of the day, the total portfolio rev par can hold its own or grow from current levels. Is that a fair way to think about it?

Feb 25, 2022 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2022-02-25 | transcript 7298a405-d3a7-4131-a2d3-fbe659e5f2e5 | chars 21374-21680 | segment 21

Looking ahead, our unique portfolio, focused on the luxury segment, with many properties and drive-to leisure markets, positions us to perform well in both the near term and the long term as business and group travel resumes.

Jul 30, 2021 / CEO / receipt, needs a key / Richard Stockton, CEO | earnings call 2021-07-30 | transcript 74e74cb5-bbfb-47e7-81ee-7a993634f656 | chars 8446-8671 | segment 8