Arne Sorenson | President, Chief Executive Officer & Director |
Kathleen Kelly Oberg | Chief Financial Officer & Executive Vice President |
Shaun C. Kelley | BofA Securities, Inc. |
Joseph Greff | JPMorgan Securities LLC |
Patrick Scholes | SunTrust Robinson Humphrey, Inc. |
Thomas Allen | Morgan Stanley & Co. LLC |
Smedes Rose | Citigroup Global Markets, Inc. |
Harry Curtis | Instinet LLC |
Anthony Powell | Barclays Capital, Inc. |
Robin Farley | UBS Securities LLC |
David Katz | Jefferies LLC |
Wes Golladay | RBC Capital Markets LLC |
William Crow | Raymond James & Associates, Inc. |
Michael Bellisario | Robert W. Baird & Co., Inc. |
Carlo Santarelli | Deutsche Bank Securities, Inc. |
Jared Shojaian | Wolfe Research LLC |
Richard Clarke | Sanford C. Bernstein Ltd. |
Rich Hightower | Evercore Group LLC |
Ladies and gentlemen, thank you for standing by, and welcome to the Marriott International’s First Quarter 2020 Earnings Conference Call. At this time, all participant lines are in a listen only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Mr.