Jill Slattery | Hilton Worldwide Holdings, Inc. |
Christopher J. Nassetta | Hilton Worldwide Holdings, Inc. |
Kevin J. Jacobs | Hilton Worldwide Holdings, Inc. |
Harry C. Curtis | Nomura Instinet |
Joseph R. Greff | JPMorgan Securities LLC |
Carlo Santarelli | Deutsche Bank Securities, Inc. |
Stephen Grambling | Goldman Sachs & Co. LLC |
Shaun C. Kelley | Bank of America Merrill Lynch |
Felicia Hendrix | Barclays Capital, Inc. |
Thomas G. Allen | Morgan Stanley & Co. LLC |
Robin M. Farley | UBS Securities LLC |
Bill A. Crow | Raymond James & Associates, Inc. |
Jeffrey J. Donnelly | Wells Fargo Securities LLC |
Patrick Scholes | SunTrust Robinson Humphrey, Inc. |
Smedes Rose | Citigroup Global Markets, Inc. |
Good morning, ladies and gentlemen. Welcome to the Hilton Second Quarter 2018 Earnings Conference Call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded.