Diamondrock Hospitality Company (DRH) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Diamond Rock's second quarter 2026 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. As a reminder, today's conference is being recorded. I will now hand the conference over to your first speaker. Briony Quinn, Chief Financial Officer, please go ahead. Good morning, everyone, and welcome to Diamond Rock's second quarter 2026 earnings call and webcast. Joining me today is Jeff Donnelly, our Chief Executive Officer, and Justin Leonard, our President and Chief Operating Officer. 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 what we discussed 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. We are pleased to report another quarter of strong operating performance Our business model demonstrated its earnings power as RESPAR grew 7% supported by improving trends across all customer segments, while expenses, excluding the benefit of favorable property tax appeals, increased just 1.8% due to our relentless focus on efficiency. The significant operating leverage drove our 240 ...