We continue to monitor events that could impact costs and the demand for travel. While we did not see any measurable impact on our first quarter operations, an elongated period of heightened volatility or sustained increases in fuel prices could present headwinds.
May 5, 2026 / CEO / receipt, needs a key / Brian Giulia, CEO | earnings call 2026-05-05 | transcript 2b842b48-f839-4fc7-b8fb-d097cef3b452 | chars 8728-8992 | segment 8
During the fourth quarter, excluding San Diego, which experienced lingering disruption due to the labor strike, Group business performed well, corporate travel continued to move higher, and leisure demand showed some acceleration in wine country and in Maui during the festive period.
Feb 21, 2025 / CEO / receipt, needs a key / Brian Giulia, CEO | earnings call 2025-02-21 | transcript ef7eb57a-5ee4-4a63-af4d-798fdec36a76 | chars 5323-5607 | segment 5
Similar to what we saw in the last few quarters, group business performed well, corporate travel continued to recover, and leisure demand further moderated, although our comparable resorts still generated profitability well ahead of pre-pandemic levels.
May 6, 2024 / CEO / receipt, needs a key / Brian Giulia, CEO | earnings call 2024-05-06 | transcript 3e4a0b6f-4054-49e8-b1a8-31e525ffcbfb | chars 6842-7095 | segment 6
We also saw strong growth at our hotels in Boston, and Long Beach driven by increased business travel and corporate group events.
Nov 7, 2023 / CEO / receipt, needs a key / Brian Giulia, CEO | earnings call 2023-11-07 | transcript 5f800078-c295-40dc-b5ac-5bb4aa7e9511 | chars 4651-4780 | segment 4
Similar to Q2, growth in the third quarter was the result of robust group business and increased corporate travel.
Nov 7, 2023 / CEO / receipt, needs a key / Brian Giulia, CEO | earnings call 2023-11-07 | transcript 5f800078-c295-40dc-b5ac-5bb4aa7e9511 | chars 3187-3301 | segment 3
Partially offsetting the decline in leisure volume was a 20% increase in revenue from the corporate negotiated channel as business travel continues to grow.
Nov 7, 2023 / CEO / receipt, needs a key / Brian Giulia, CEO | earnings call 2023-11-07 | transcript 5f800078-c295-40dc-b5ac-5bb4aa7e9511 | chars 10610-10766 | segment 10
For the total portfolio, the transient rate was $345 and was down slightly to the prior year, driven by softening leisure demand. Partially offsetting the decline in leisure volume were increases in both average rate and room nights for our corporate negotiated channel, which posted revenue growth of 10% versus last year. This is indicative of the ongoing recovery in business travel and is encouraging as it is the segment where we have the most opportunity to grow occupancy across the portfolio.
Aug 4, 2023 / CEO / receipt, needs a key / Brian Giulia, CEO | earnings call 2023-08-04 | transcript 1235bcf6-0678-4492-8d3a-0d40ac554009 | chars 9899-10399 | segment 9