Jun 02, 2020 / 08:15PM GMT
Stephen White Grambling - Goldman Sachs Group, Inc., Research Division - Equity Analyst
This is Stephen Grambling at Goldman Sachs with our next session for the Travel and Leisure Conference. Thanks for sticking with us until the afternoon on day 2. We don't think you'll be disappointed as Choice Hotels is really the only asset-light franchise model that has been battle-tested, and they're once again showing how they can relatively outperform in what is a difficult environment. And with us today, we're very excited to have Pat Pacious, President and Chief Executive Officer. Pat, thanks for being with us.
Patrick S. Pacious - Choice Hotels International, Inc. - President, CEO & Director
Great. Thanks for having me, Stephen.
Questions and Answers:
Stephen White Grambling - Goldman Sachs Group, Inc., Research Division - Equity AnalystSo on the point of Choice being the only franchise model to be public through the last recession, can you walk us through the unique attributes of the model that enabled it to be
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