Marriott International Inc at Goldman Sachs Travel and Leisure Conference (Virtual) Transcript
All right, everybody. Welcome back to day 2 of our Travel and Leisure Conference. Next up, we have Marriott International, which I would be remiss if I didn't point out, while it has been a tumultuous 2020 and past 12 months, they were one of the only companies in my broader coverage that I think proved out the resilience of the business model by not really burning any free cash flow during this window, whether you include or exclude things like point sales and the working capital, which I think just has been remarkable, and in our conversations, people would not have anticipated.
So it's my pleasure to have Chief Executive Officer, Tony Capuano, with us this morning to talk about what is coming next.
Good morning. Thanks for having us.
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