Brad O'Bryan | Treasurer & Senior Vice President, Investor Relations & Corporate Finance |
Mark Hoplamazian | President & Chief Executive Officer |
Joan Bottarini | Chief Financial Officer |
Smedes Rose | Citi |
Stephen Grambling | Goldman Sachs |
Patrick Scholes | SunTrust |
Jared Shojaian | Wolfe Research |
Shaun Kelley | Bank of America |
Michael Bellisario | Baird |
Carlo Santarelli | Deutsche Bank |
Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2019 Hyatt Hotels Corporation Earnings Conference Call. My name is Kenzie and I will be your conference operator today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.