Arne M. Sorenson | Marriott International, Inc. |
Kathleen Kelly Oberg | Marriott International, Inc. |
Laura E. Paugh | Marriott International, Inc. |
Harry C. Curtis | Nomura Instinet |
Robin M. Farley | UBS Securities LLC |
Shaun C. Kelley | Bank of America Merrill Lynch |
Felicia Hendrix | Barclays Capital, Inc. |
Joseph R. Greff | JPMorgan Securities LLC |
Smedes Rose | Citigroup Global Markets, Inc. |
Thomas G. Allen | Morgan Stanley & Co. LLC |
Patrick Scholes | SunTrust Robinson Humphrey, Inc. |
Jeff J. Donnelly | Wells Fargo Securities LLC |
Chad Beynon | Macquarie Capital (NYSE:USA), Inc. |
Apple Li | Sanford C. Bernstein & Co. LLC |
Wes Golladay | RBC Capital Markets LLC |
Michael J. Bellisario | Robert W. Baird & Co., Inc. |
Christopher Agnew | MKM Partners LLC |
Ladies and gentlemen, thank you for standing by and welcome to the Marriott International Third Quarter 2017 Earnings Conference Call.
During our presentation, all participants will be in a listen-only mode. Afterwards we will open the call for your questions. It is now my pleasure to hand our program over to Arne Sorenson, President and CEO of Marriott International. Sir, you may begin.