At HVS, we take sustainability seriously. It is an important topic for us as a firm and also for the hospitality industry as a whole. As consultants to hotels and hotel operators, we spend much time traveling to meet our clients and conducting site inspections at hospitality properties across the country and globe. Travel is an essential component of what we do as a firm. More broadly, business travel represents nearly one-fifth of all global travel. In 2019, U.S. residents alone took more than 460 million business trips, according to Sustainable Travel International. Unfortunately, business travel also generates significant CO2 emissions. Consequently, we are highly committed to fighting the carbon effects of business and are very mindful of our own carbon footprint.