Risk Factors Update Summary
- Added risks related to future economic disruptions, including impacts from inflation or a future pandemic.
- Mentioned the potential adverse impact of inflation on business, affecting consumer sentiment and travel demand.
- Noted the possibility of fluctuations in hotel revenues due to macroeconomic factors.
- Highlighted the unprecedented effects of the recent global pandemic on the hotel industry.
- Updated the distribution of room count and revenue across different locations in 2023.
- Added potential risks related to cybersecurity incidents affecting business operations and financial results.
- Discussed the impact of environmental laws on compliance costs and potential liabilities for hazardous substances.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1617406&owner=exclude
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