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    Joshua Friedland • KeyBanc Capital Markets

    Joshua Friedland's questions to Xenia Hotels & Resorts Inc (XHR) leadership

    Joshua Friedland's questions to Xenia Hotels & Resorts Inc (XHR) leadership • Q1 2025

    Question

    Joshua Friedland of KeyBanc Capital Markets inquired about the impact of economic uncertainty on group booking trends, including cancellations, and the effect of lower international inbound travel on specific markets.

    Answer

    EVP and CFO Atish Shah confirmed that Q1 group production was healthy with no increase in cancellations or attrition. Chair and CEO Marcel Verbaas added that the portfolio has limited exposure to international travel, with only minor leisure softening observed in markets like Orlando and Phoenix.

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    Joshua Friedland's questions to Xenia Hotels & Resorts Inc (XHR) leadership • Q4 2024

    Question

    Joshua Friedland, on for Austin Wurschmidt, asked which markets besides Scottsdale are expected to drive above-average RevPAR growth and what the company's assumptions are for its West Coast markets in 2025.

    Answer

    CFO Atish Shah identified markets with strong group components like Houston, Orlando, and Nashville as likely outperformers. COO Barry Bloom added that the performance spread between assets is expected to be much tighter in 2025. For the West Coast, Bloom anticipates continued business transient recovery in Northern California and a strong group setup at Park Hyatt Aviara.

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    Joshua Friedland's questions to Summit Hotel Properties Inc (INN) leadership

    Joshua Friedland's questions to Summit Hotel Properties Inc (INN) leadership • Q1 2025

    Question

    Joshua Friedland of KeyBanc Capital Markets inquired about the evolving trends in government and international travel segments since the initial impact earlier in the year, and whether these segments have stabilized. He also asked about the performance and short-term outlook for the business transient (BT) customer.

    Answer

    Jonathan Stanner, President and CEO, explained that the most acute impact from government and international travel was felt in March but has since stabilized at lower levels, with some optimism for recovery as the year progresses. He noted that the midweek negotiated business, a proxy for BT travel, has held up reasonably well and has not shown a meaningful downward trend, with most softness concentrated in the government and international segments.

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