DiamondRock Hospitality Company (NYSE:DRH) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET

Company Participants

Briony Quinn - SVP & Treasurer

Mark Brugger - President & CEO

Jeff Donnelly - CFO

Justin Leonard - COO & Head, Asset Management

Conference Call Participants

Dori Kesten - Wells Fargo

Michael Bellisario - Baird

Austin Wurschmidt - KeyBanc

Anthony Powell - Barclays

Chris Woronka - Deutsche Bank

Bill Crow - Raymond James

Chris Darling - Green Street

Duane Pfennigwerth - Evercore ISI

Floris van Dijkum - Compass Point

Operator

Good day and thank you for standing by. Welcome to the DiamondRock Hospitality Company Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Briony Quinn. Please go ahead.

Briony Quinn

Thank you, Michelle. Good morning, everyone. Welcome to DiamondRock's second quarter 2022 earnings call and webcast.

Before we begin, let me remind everyone that many of our comments today are not historical facts and are considered to be forward-looking statements under Federal Securities Laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ materially from those expressed or implied by our comments today.

In addition, on today's call, we will discuss certain non-GAAP financial information. A reconciliation of this information to the most directly comparable GAAP financial measure can be found in our earnings press release.

With that, I'm pleased to turn the call over to Mark Brugger, our President and Chief Executive Officer.

Mark Brugger

Thank you, and welcome again to DiamondRock's earnings call. I'm joined by our executive team today, including Justin Leonard, our recently appointed Chief Operating Officer and Head of Asset Management. I'm confident that Justin's intelligence and extensive background in private equity will advanced DiamondRock's strong track record of capital allocation and continue its history of delivering best-in-class results for shareholders.

We are in a golden age of travel. Consumer expenditures are turning away from durable goods, briefly popular during the pandemic. Today, consumers are seeking out cherished, shared experiences, such as travel and dining out together. Travelers are clearly back on the road. We expect DiamondRock will benefit not only from this pent-up demand, but from the resumption and acceleration of the robust secular growth that began before the pandemic.