Thank you, Mr. Chair.
I would like to hear more. First of all, thanks to all the witnesses today for your excellent presentations.
Ms. Grynol, you touched on it a bit, but I think it requires some more explanation about how the actual cost structure of hotels is divided between the building owners, the building operators, the franchisees and franchisors. Could you explain that to us, so you can show exactly where the costs are continuing and where the revenues are not flowing in this period?
It would be instructive for this committee.