10/21/2024 | Press release | Distributed by Public on 10/21/2024 05:01
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Better allocate resources and capital to pursue a separate and distinct growth model led by a proven team;
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Leverage the Company's substantially improved balance sheet to fuel high-return growth opportunities through its proven Refresh, Build, Buy strategy;
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Incorporate vertically integrated lodging and hospitality experiences to drive cross selling and upselling opportunities
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Create irreplicable attractions that drive guest experience, economies of scale and enhanced financial performance
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Simplify the Company's business to better align with investor preferences and overall market trends; and
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Enhance opportunities for employees as the business continues to expand within existing markets and diversify into new markets.
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Adjusted EBITDA margin is a financial measure that is not calculated in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"). For a discussion and reconciliation to its most directly comparable GAAP financial measure, please see our earnings press release for the fourth quarter and full year ended December 31, 2023.
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the GES transaction may not be completed on anticipated terms and timing (or at all);
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a condition to closing of the GES transaction may not be satisfied, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals);
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the anticipated tax treatment of the GES transaction may not be obtained;
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the potential impact of unforeseen liabilities, future capital expenditures, revenues, costs, expenses, earnings, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of the Company after the consummation of the GES transaction;
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potential litigation relating to the GES transaction that could be instituted against the Company or its directors
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potential adverse reactions or changes to business relationships resulting from the announcement or completion of the GES transaction
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any negative effects of the announcement, pendency or consummation of the GES transaction on the market price of the Company's common stock and on the Company's operating results;
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risks associated with third party contracts containing consent and/or other provisions that may be triggered by the GES transaction;
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the risk that disruptions from the GES transaction will harm the Company's business, including current plans and operations or by diverting management's attention the Company's ongoing business operations
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the ability of the Company to retain and hire key personnel and uncertainties arising from leadership changes,
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general economic uncertainty in key global markets and a worsening of global economic conditions;
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travel industry disruptions;
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the impact of our overall level of indebtedness, as well as our financial covenants, on our operational and financial flexibility;
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seasonality of our businesses;
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unanticipated delays and cost overruns of our capital projects, and our ability to achieve established financial and strategic goals for such projects;
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the importance of key members of our account teams to our business relationships;
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our ability to manage our business and continue our growth if we lose any of our key personnel;
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the competitive nature of the industries in which we operate;
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transportation disruptions and increases in transportation costs;
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natural disasters, weather conditions, accidents, and other catastrophic events;
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our exposure to labor cost increases and work stoppages related to unionized employees;
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our ability to successfully integrate and achieve established financial and strategic goals from acquisitions;
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our exposure to cybersecurity attacks and threats;
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our exposure to currency exchange rate fluctuations;
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liabilities relating to prior and discontinued operations;
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sufficiency and cost of insurance coverage; and
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compliance with laws governing the storage, collection, handling, and transfer of personal data and our exposure to legal claims and fines for data breaches or improper handling of such data.
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