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Thomas Baltimore

Chairman, President & Chief Executive Officer, Park Hotels & Resorts Inc.

Search every verified Thomas Baltimore interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Thomas J. Baltimore Jr., chairman, president, and CEO of Park Hotels & Resorts, discussed the company's growth and the broader lodging industry during a September 2019 keynote address. He stated that Park Hotels had grown to 52 hotels with $9 billion in enterprise value, having been launched six months prior with no name, board, or office space. Baltimore described the current economic cycle as having "more running room" due to tax reform and deregulation, and noted that supply growth was peaking while demand continued to outpace it. He expressed confidence in markets such as Hawaii, San Francisco, and Orlando, and said he would not "bet against New York long-term." Baltimore also addressed industry challenges and trends. He said he wanted to see a "cease fire in the arms race of hotel amenities," arguing that factors like television size do not drive customer preference. He called for fair regulations regarding Airbnb, stating, "I welcome the competition but want to ensure there are no illegal hotels." Baltimore highlighted the importance of sustainability and environmental, social, and governance (ESG) issues, while noting the need to consider workforce impacts from green initiatives and automation. He identified rising labor costs, property taxes, and insurance as concerns, and advocated for greater gender diversity in lodging leadership, citing data that companies with more women on their boards have outperformed by about 160 basis points.

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