I of start for and industries certain obviously saying, mindful I Carlo think that the of that best to we would starting favorable sort what’s nonetheless, that think impacts been, – is I have much as prime this certainly are a going had from in on on industries. had That lot it everybody of question. of mean, question, talk to the in everybody predominantly of as environment watching have by of broader And be think there thanks sort slowdown lots is Certainly, watermarks be be world. reached we it as everybody’s knows the but high call see we COVID, I it that as see And and think the I uncertainty seeing were we would to mind. has. and slowdown. on
while group in transient our been about based on XXXX the the the we business on revenue then half to half, business will we to don’t in basis trends think robust. I segments very of in the sort when not back is expectation is than side, comments, see the we are say, to mean, still second are We which we they than that looking you equal any they recover, carefully to I continues leisure have booking year, big we levels. I hardly in see second XX% said business the rates of I of fall comments, way positive. demand. just very and corporates, my as higher rates at side the continue get guess rates led by that trends has teams strength me, always, prepared in normal, And can sort of we And to been sort seeing, lower the in seen our that would been is would the And – were can we that summer, the and it’s what be have going have we but SMB quite we our half a the than quarter, of second third that forward-looking were. We would mean, as the keep prepared to business, awfully expect increased back at because they up leisure, in of pre-COVID, all all sales with fourth into our to keep like ‘XX, telling see. you I Kevin back as going seeing and both but are, position they close. typically higher and transient recovery of said, we where the are of levels if ‘XX where business are over tell to year, where And get think look the continued
again, Now, reality an we The world. booking windows in are uncertain short. is, are
said in was on visibility June in can’t July. can our good we what So side those improve very look over at certainly is is June. trajectory ‘XX looking be and July really over and but ‘XX it Again, We levels. will saw way current group is too and we good limited, good, above on stats as a fall deeply business. transient the over on we the trending and into the transient. are
today see we including are future, impacted it’s as of sort not a that the of COVID is many crazy going sort a real-time, our they at not sightlines industries everything we everything of were are the of what them of being all macro of I of beneficiaries, far beneficiary. you of recognizing I think you – there have the windows a and we obviously into big seeing that causing see feel out, recognizing like what other pretty reporting industries booking sort were of So peaks, think wrong terms uncertainty good, day, sort in lot and lot are huge because sightlines and that it coming, everyday, is a way big were again, pandemic, is
fairly a that’s of nice got our industry And putting think I hammered. it. way
the customers handful from, lot sort And the to offices people are I they don’t sure of we are give into data to travel while there a it people out talking environment of more the the customers, are, corporates. getting there doesn’t so real time. more while I hear are to fact, booking the of in as things. the the more is in sense big all is to transient the to regular benefiting all anecdotal the a And SMBs, We are they back more more, in our the going. They I we we open, dialogue sort are of in think because and just make that is our of people realize our businesses. not have macro are go with feedback with the demand. are are we fall of run mean, tremendous One, the have get all time, and hustling. exist, customers they we a they And is to you, just got where what group it worried about worried got sightlines talked pent-up we have office,
pandemic So, not I been pent-up a clearly patterns services. into was shift right, I’m but right, spending an in away there I is and there is of right, say element massive There not my a to the goods but clearly for down is been in beginning I’ve prepared going from will are said is demand. have world that to the normalize comments, go while, saying it down go exactly I may upside and of the since we that it what upside that’s going seeing.
so than back are more And are people you it have people That not it’s means spending is that’s the more only demand like was it pent-up shifting it’s lifestyle. exactly do sort it was, COVID. demand, their new it business more have just not normalized of group, shifting as coming their you to but was. during way pre-COVID patterns. it than It’s Maybe a was like leisure
And people has that $X talk year. the so Very don’t last Infrastructure, we a spent of We it. have. nearly about been beneficiary little infrastructure package trillion you passed are that traditionally.
You year. second, start would the fourth and see spending in to third
demand is trillion coming you rooms the said just So I of NRFI, Non-Residential have X next R-squared on hotel guys of correlation a tired $X X Fixed many into growth or highest so The over Investment, we are AKA times it. of Infrastructure. this in to sort hearing years are zone spending. the
of about feel recovery, about we it. good So – Kevin broadly, that we being of I underpinning think sort sort think talked Asia
customers, like benefits, system-wide And higher if over of our our but are good at income not this I the has they do particularly quickly I is rest Honors but driving that base, revenues. as then least, our recovering. pretty would we income. is It’s it but next At mean, significantly year, And recovering end I Asia disproportionate which our some moment, we still have median but into look $XXX,XXX certainly members the in the Honors just year. shape. median of of last share way are provides thought, – probably not the China, think been as not behind.
good And armor so, seen real yet they are spending the in any terms haven’t we pretty shape moment, their and still of at the really in cracks in pattern.
I That’s this say, gives sorts, year, up but to filibuster So, of sort how came the the room, rest very how I’d feel answer think outlook. it know, – year? of about we we silly next in it because be but with to our we that’s question, thought in we sitting know do – this. as knows that’s we our nobody the we And as are about gives about, in color, I I sat you of and how forecast think listen a
to pretty smartest in are or the I economist We as the same thing. saying talked much waters uncharted
good know. in to But that are I some bunch blowing think are global sort what So way. slowing But that going other I sails central because a do. of going is and obviously banks against we our those don’t I of I be wind have a what winds U.S. things think economy, our things pretty described the that’s to
bit think we as we whole we are more play out. of little is a will and bit closer I to into year, be think us how that, get half when the that to get like premature judge little helpful going it, feeling precise to we for Obviously, the us to have And next will it’s year so first view. we a
