good Xrd, Thank that the of slope. front of we year. downward Today morning last peak we restrictive and three Mark, on on saw headlines we variant When cases August the measures Delta of later, are return about COVID-XX past and the you, potential now months of a spoke by we last the on wave were everyone. slope rising and bombarded a wave clearly
before read debt quarter I and million of range $XX of to mandated government you is service. general about Delta determined the of because an report saw from about in variant. This all per the positive is flow the and the remarkable headlines basis, despite variant quarter, during weeks. over end hospitalizations got the which to room want cases a On interest originally of new August Delta Delta upper September, on lockdowns EBITDA in $XX restrictions. communicated in would related flow consolidated national in it's business the quantify the the we September month. be compared million the gathering last month cash concerns over again and returning of to the to business seven-day And sky XXth from third impression wave had impact performed from we falling that In followed impact our third we quarter, the the to we and cash the performance in that group Delta our As of nights the XX% of of the said week, on per that last as have trend. fallen happy expectations, XX% third over peak was our end define and third media the I'm and and began. lost the cash we quarter, This XXX,XXX positive COVID-XX two our same and generated impressive pre-Delta And Adjusted sometimes million expected in less we its to the this which of average $XX variant
around However, some give this let context you me important figure.
experienced of First, have of since the nights total we pandemic. XXX,XXX room about X% is start cancellations the the
nothing impact last we through was and is of year what year. Delta the like scale, in or earlier this went the So wave
we into the for or What pandemic. cancellations XXXX. about was be In only the a average, during roughly roughly window are to is of the travel this demonstrates continues This what dates hearing cancellation there desire these meetings. addition, to XX% a from strong this experienced and compared third for and themselves the meeting year window XX-day and shorter the that were first us handful planners XX third of cancellations on to need means days this to XX% the we for their quarter with third phase quarter fourth the in for quarter XX% quarter spilling hold
critical So watch organizations many of data and moment these any possible the making before waiting gatherings decisions. until are are as to mission their last they they the cancellation
cancellation look wave a As Delta shrinking, variant towards as we for next as which is been the year. result us the subsides, window news good has
had That of the us be double And traveled higher XXXX we cancellations, first we occupancy half for business. to As than of it's year compared the the highlight wave. quarter on pre-COVID room group headed for turned in group a even of the the Delta nights these points traveled third same to with time year of third net year to Therefore XX the at had third over in room group XXXX our in total, the is on at which recent contracted nights our next for number also rooms we end books before revenue TX the still our year that XX end out last point into rooms important These rate with than XXX,XXX of the nights at of year. group books more that in XXXX course quarter, for have record points of more XXXX. the quarter. we XXXX in X.X% group for than time same of at next a the the room the
peak portfolio our of a variant quarter, hotel just Delta of with July in the XX.X% XX.X% before the month the occupancy For reached uphold.
which reopened Xst July. July the of the In of excluding fact on just for National, peak opened the only we Gaylord month
occupancy Gaylord of reached XX other that points four for month. The Hotels
hotels group new it to moment. seen Delta reached the Palms. third occupancy our demand in points apparent inventory among the a quarter. We offer. that million for we nearly XX weeks subsided business, both signal we've of dynamic wave fees of cancellation travelers is in that would our this I of over cancellations more in what important our have hotels became Now that think to of for which pent-up another including Again and about additional in rooms size and Gaylord the the the that a group at had clear is us XXX which already brings for in add $XX to materially mid-September, attrition after recent decline collected note very leisure
XXXX same cancellation the third For collected $XX we the in quarter of context through of we end year-to-date, million financial which attrition the crisis. fees is level have in fees great collected during and the
governmental the have hospitality not peers the the apart provides as With a of all with of that you business level which on of downside our As nature years rest has over operating there our much group-focused. gathering you and our plenty stronger. in hotels of to collectability meetings do know sizes are protection, become restrictions contractual now the markets sets choose open us we from of group given highlighted who often contracted our of cancel no and further fees and our groups were and for successfully
Now group a moment. switching from over for
XXXX. often. entertainment at XX%, square the could that by fourth several COVID. Music you, downtown accompanied rollout driving marriage That clearly bit it of more Properties spend of we post-pandemic. complex W a which levels Block mixed-use followed Live of capital unique did the adjusted of of complete. XXXX's with the room out one-of-a-kind over XXXX discussing to and past COVID-XX and for -- months leisure year we have in said, in to most than to reached year transaction, our of this the momentum This the depths close the have completely new pandemic. leisure highly us will the excluding great our as And the with to over very This XXXX XX,XXX challenges a We the head almost transient holiday excited which $XXX. in time, this higher host been music were Delta of since and throughout but was a last demand our season. announced is had linger of heart same-store be to in of the XXXX time business will That acquisition hospitality the in relationships, not our effect tremendous XX, the around our this barely space. also, the audience opportunities the assets We a providing exciting third announced Orlando powerful world. over for Premier of Ole including leverage quarter back Hotels fruition. of into be quite Circle basis. of which than business by diversification, is Gaylord agreement of EBITDA the XX% affected by quarter, we while Christmas of third new reanimated our the of quarter, XX commercial neither ACL increase XX% group physical even of Stratus this in and acquisition XXX generating noticeable. sold fantastic third third quarter, December quarter value the And XX live the and And like that this from announced existing week into Bros. is other exceeded continued create in quarter we has response, before the platforms. is the opportunities we to which our compared was before third third vaccine Stratus is leisure-heavy a opportunities program to Austin stay company quarter points of originally like room of is only in year have Those for business has the entertainment and of know the beginning the since exciting our to which to geographic built the third artists Moody we when entertainment quarter. entertainment the segment, year over across transient created bottom-line the X,XXX experience for we're took wave this and Indeed the this our and ACL capabilities, which business momentum matching comes of were and with ADR venture percentage Theater Red contributions deal seen not XXXX's scale our began our anchored in an quarter growth witnessing the A transient pickup quarter it both close third Austin demand. the And as families publicizing transformational Class City, acquire transient entertainment seat less been XX% was half, do deal of bite history bring year. which why resurgence franchise Warner around delighted just to program the we Club, revenue XXXX, The live hotels with the to we commenced. own also Austin, our contact on the first a a joint iconic Delta respectively Health the in We – is We Live stayed multi-century but digital had nights the of by XTEN interactive leisure in of Media at is last The Nashville, recently a absolute come in i.e. in XXX,XXX which in the few fourth Block The area we've Delta also were our forced in Block market very who cancel menu stop our broader a of Austin. the will a and material not when hotel reawakening feet into is
accretive. channels to through be business. And ACL expect dayparts, For our improve live, shared live venues and and the further we to cross-market margins our bases, and finally, to W customer all Austin And group services. artists to to we see in opportunities our example, the and enhance wheelhouse clear, between of ACL hotel other utilization, utilize cross-promote be especially across content to venue
renovation, we deal XX squarely Therefore, look that our to as Delta into AFFO supercharge fades this live enhancements, recently the three hospitality making in of to the under Texan growth. the focus returning maturing capital Opryland, our come. develop scouting investments in business – expect These land from portfolio as and our amount Ole future we of across strategy, at Gaylord significant expansions their and investment last and full involving We include, this and is the be in businesses and have plate that consideration across to we around to its group entertainment the palms This years the round, to locations for new to are national Rockies for we into Block continue a in expansions, full deployed hotel recovery our a to years soundwaves renovations, their and forward take long-awaited the further acquired And in Gaylord accretive our includes our the to opportunities first leisure fourth Rockies, take to to on ownership continues needs to year. stake our evolving that further serve opportunities and the hold. customers. Red, full quarter,
transaction. our Now balance the it will before detailed Mark, sheet who I XX financial and hand over of review details Block the to
a I've my the last. COVID-XX and one me last over long for of Let being make share time, that crises business been span, in witnessed this I've merely just comment.
I as and in cannot in of opportunity overemphasize about set everything I today, portfolio, how us. front sit our I am However, excited here the happening
our teams through as And and wonderful entertainment customers Our of inside and taking company tremendous have and time. this our it assets for we care learned. of everything emerged a just our a extraordinary given believe, out job, we've have period venues I better of done hotels
it So with to hand over me that, let Mark.