We believe the accelerating urban recovery is reflective of a broader, durable trend as corporate travel budgets are growing, and Paul Ruiz.

Aug 6, 2026 / CEO / receipt, needs a key / Jon Stanner, CEO | earnings call 2026-08-06 | transcript ad8d74d4-fc69-4c6e-a91d-1886082258e2 | chars 2962-3102 | segment 3

The ongoing recovery in business travel is increasingly benefiting our urban-centric portfolio, supported by the breadth and depth of demand we are experiencing across our highest-rated segments.

Aug 6, 2026 / CEO / receipt, needs a key / Jon Stanner, CEO | earnings call 2026-08-06 | transcript ad8d74d4-fc69-4c6e-a91d-1886082258e2 | chars 14380-14575 | segment 14