Thanks, Ray.
I'd seeing now focus this on to XXXX we think currently a and So predictable play business seems it we I path. our in how are we're thought more perhaps out year have likely what and that
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February January. month, in February in revenue per than higher already XX% about day -- Based in our revenue the we've in I'm achieved day example, about higher upon is XX% given sorry, far. For averaging what averaging so estimate per is for than
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leisure leisure As further the starts so trips pandemic. than to the doing vacations and during out customer book they've far been
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at rooms rates be above supply short during to rates. our vacation general expect prime season, with resorts XXXX We in in
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saw in beginnings During travel. modest of and September we October, a business recovery the
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at begun group So pace yes, again. to look our we've
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it we're and have the the As trigger pull remaining clarity to recovery to the projects plans these permitting, progress when continuing on relates we defer we'll on pandemic, against projects complete more virus. due to the and we and the
and the transformations years these for and and forward. importantly, vast redevelopments as invested. majority recovery completed the for portfolio over upside the these improvements next And will already of All takes of have few projects upcoming the our all projects of been the significant hold provide and rolls dollars
outperform specific and of the portfolio, condition As last of did Similar would a expect their years, the hotels our overall recovery. Pebblebrook to all we projects the cycle's over we they these markets. fantastic building were our of in result what to
the there and that of large we over will of go to years be in the few crisis, and number from distress we strapped next silver cash As potential look at will a significant to properties properties due over-levered many acquire owners, opportunities expect to lining lenders. back this upside
prior late Recession. tail of the through the in periods, resulted been including X driven X XXXX during has opportunistic of Pebblebrook know, creation end you the our crisis that Great As in team
that unique with also Following were conviction to very portfolio hotels attractive prices assemble and fairly upside we that able, had aggressively our and of substantial crisis, a quickly opportunities. resorts high-quality at
the few reputation brand with the additional arise cost over we'll vast significant high-profile Curator, benefits opportunities industry, scale operate as positive buyers, the our vast strength of the competitive the to transformations and well as efficiently lifestyle ability believe next of we small our redevelopments our hotels, independent properties unique of as operator in than have Given from relationships from more economies additional and majority our number our advantages years. and or in
confident will reputation, combined foresight, in ethic that grind portfolio, current to this allow We corporate with us we'd up challenges on through record strong move and only recovery fantastic the to to and thrive work liquidity continue to experience, that, be next team's our questions. but our now with track a the your cycle. during And like creativity, not
may you Melissa, Q&A. the proceed with So
