Wyndham Hotels & Resorts Inc at Stifel Cross Sector Insight Conference (Virtual) Transcript
Thank you, and good morning, everyone. My name is Simon Yarmak, a senior analyst at Stifel. You're here this morning with the management team of Wyndham Hotels & Resorts for their virtual fireside chat at our Third Annual Cross Sector Insight Conference.
From Wyndham, we have CEO and President, Geoff Ballotti; CFO, Michele Allen; and Head of IR, Matt Capuzzi. So Wyndham is the largest franchising hotel company in the world, with a number of hotels and almost 9,300 hotels worldwide across the economy and mid-scale segments. The company's asset-light business model runs with high margins that generate strong free cash flow that's returned to shareholders in the form of dividends and most years, share buybacks.
In the current challenging environment, Wyndham has a strong liquidity position with around $750 million of cash as of March 31, or liquidity for about 3 years.
With that, I'll turn it over to Geoff for some opening comments.
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