And as investment in U.S. manufacturing accelerates, particularly in secondary markets, our existing system and pipeline of select service and extended stay hotels are located in regions where demand is growing. Whether it's in markets driven by the onshoring that new tariffs are creating, whether it's in markets that are beginning to benefit from large infrastructure projects that are finally beginning to break ground from the federal infrastructure bill where allocations are ramping, or whether it's from new private sector investments in large data center projects across the country, Wyndham's portfolio is well positioned to serve the everyday travel that these markets will benefit from in the decade ahead.

Apr 30, 2025 / CEO / receipt, needs a key / Jeff Pilotti, CEO | earnings call 2025-04-30 | transcript 132a79d3-e481-4f06-9fb1-a00a69fae412 | chars 6412-7130 | segment 6

With limited reliance on white-collar corporate and group travel, which tends to contract most during economic downturns, our business is anchored by a stable and resilient base of essential frontline blue-collar workers, a guest segment that continues to drive consistent demand even as broader corporate discretionary travel budgets tighten.

Apr 30, 2025 / CEO / receipt, needs a key / Jeff Pilotti, CEO | earnings call 2025-04-30 | transcript 132a79d3-e481-4f06-9fb1-a00a69fae412 | chars 4851-5194 | segment 5

The 800 million vacation days that the U.S. Travel Association has long reported go unused every year may now actually be consumed. And with hybrid work-from-anywhere flexibility, we believe new consumer travel patterns could disrupt the traditional revenue management models that have historically seen Sunday and Monday as the lowest demand nights. In fact, this is exactly what we're experiencing right now, with Sunday and Monday occupancy having picked up 10 points of growth in Q2 versus Q1 as compared to 2019.

Jul 29, 2021 / CEO / receipt, needs a key / Jeff Pilotti, CEO | earnings call 2021-07-29 | transcript 90727fed-f463-44f7-bf1c-8bb87105952f | chars 5152-5669 | segment 5

We have seen measurable success and tremendous opportunity ahead in attracting more non-members with our nation's 150 million Gen Z, millennial, and Gen X travelers who collectively have $350 billion of disposable income to spend.

Jul 29, 2021 / CEO / receipt, needs a key / Jeff Pilotti, CEO | earnings call 2021-07-29 | transcript 90727fed-f463-44f7-bf1c-8bb87105952f | chars 8700-8930 | segment 8

And despite the persistent travel restrictions for our developers across many European countries, our team there has still achieved a positive 1% net room growth in this region year to date, including the opening of our first La Quinta in the heart of the United Emirates in Dubai and our first Days Inn in Istanbul.

Jul 29, 2021 / CEO / receipt, needs a key / Jeff Pilotti, CEO | earnings call 2021-07-29 | transcript 90727fed-f463-44f7-bf1c-8bb87105952f | chars 11172-11488 | segment 10

First, household savings have hit a 10-year high, with most consumers improving their financial situation during the pandemic. They're also ranking travel as a top priority of discretionary spending.

Jul 29, 2021 / CEO / receipt, needs a key / Jeff Pilotti, CEO | earnings call 2021-07-29 | transcript 90727fed-f463-44f7-bf1c-8bb87105952f | chars 4327-4526 | segment 4

And despite our franchise sales and operations teams being sequestered at home and unable to travel for most of the quarter, we nevertheless opened 5,700 rooms.

Jul 29, 2020 / CEO / receipt, needs a key / Jeff Pilotti, CEO | earnings call 2020-07-29 | transcript 6fca121a-8255-4236-95f1-574c057f2127 | chars 10714-10874 | segment 10