Baird Global Consumer Tech & Services Conference David Loeb As we head into the summer travel season, how do you view the overall health of the hotel sector? Are we at the top of the cycle? What do you foresee for the rest of the year? Loeb: What is driving M&A and consolidation in the sector? Loeb: Can you tell us more about how the hotel industry is faring against threats from the tech industry? What worries you about repricing software? Loeb: How are the continuing health and safety concerns posed by the Zika virus and the terror attacks in Europe affecting the profitability of hotel companies? Will these issues keep travelers home? Loeb:
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