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... after our hedges, was about $3.5 million of expense. So it's hard for us to kind of predict the currency rates going into the fourth quarter and how that's going to affect those. Arne M. Sorenson It's implicit in Carl's ...
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... % in the first quarter excluding the impact of foreign exchange, and 24% including the impact of currency movement. For our international RevPAR statistics the first quarter includes the months of January and February. ...
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... in the last couple of weeks, I think we’re about $1.40 yesterday. I don’t know what the currency markets have done today. William Crow – Raymond James Finally, you talked about the pipeline ultimately shrinking, which ...
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... Brown - Morgan Stanley Okay, and then finally, I know you guys don’t forecast, you are not currency forecasters, but have you adjusted for the expected dollar strengthening at the back-half of the year, have you done ...
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... for this year, and now you're roughly about $20 million higher than that. Is that increase largely due to currency movements as you said, because I know there was a $15 million bump that I think you mentioned was a ...