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Bayanat, a prominent geospatial data analytics firm, and Yahsat, a leading satellite communications provider, are poised to finalize their merger by next month. This strategic union aims to enhance service delivery across the Middle East and North Africa (MENA) region, leveraging each company’s strengths in data analytics and satellite technology.

The merger represents a significant consolidation in the geospatial and satellite sectors, allowing the combined entity to offer a more robust suite of services. By integrating Bayanat’s advanced analytics capabilities with Yahsat’s satellite infrastructure, the companies plan to provide innovative solutions tailored to a variety of sectors, including government, defense, telecommunications, and natural resources.

As part of the merger, the leadership teams of both companies have emphasized a shared vision of fostering technological advancements and promoting digital transformation. Bayanat’s expertise in big data analytics is expected to complement Yahsat’s satellite communication services, allowing for real-time data processing and improved decision-making for clients. The collaboration is expected to facilitate enhanced services such as remote sensing, location-based services, and real-time monitoring for clients across various industries.

The merger is also positioned as a response to the increasing demand for high-quality geospatial data and reliable communication solutions in the region. As businesses and governments seek to optimize operations and improve efficiency, the ability to access and analyze geospatial information has become more crucial. Yahsat’s satellite technology will enable the delivery of data in remote areas, ensuring that organizations can benefit from Bayanat’s analytical insights regardless of their geographic location.

With this merger, the companies aim to position themselves as market leaders in the geospatial intelligence and satellite communications space. Industry analysts anticipate that the combined entity will have a significant competitive edge over its rivals due to the synergies generated from their respective technologies and expertise.

The merger has been welcomed by various stakeholders, including government entities that recognize the potential benefits of improved data services and satellite connectivity. This union aligns with broader governmental strategies focused on enhancing technological capabilities within the region. By improving access to data-driven insights, the merger is expected to support national initiatives in various sectors, from urban planning to disaster management.

Yahsat, which has been expanding its operations since its inception in 2007, has established itself as a leader in satellite communication, offering services that span the globe. The company operates multiple satellites and has formed strategic partnerships to enhance its service offerings. Bayanat, a subsidiary of the Abu Dhabi-based Group 42, specializes in AI-driven analytics, offering advanced solutions that harness big data for actionable insights. This merger marks a new chapter in both companies’ histories, combining their respective strengths to create a formidable entity in the tech landscape.

The merger has also sparked discussions regarding the future of the satellite and geospatial sectors within the MENA region. Experts highlight the importance of such consolidations in driving innovation and enhancing service delivery. As the demand for data services continues to grow, companies that can effectively integrate technology and analytics will be better positioned to meet market needs.

Looking ahead, the combined resources of Bayanat and Yahsat are expected to accelerate research and development initiatives. Both companies have indicated plans to invest in new technologies that enhance their service capabilities, focusing on next-generation satellite technologies and advanced analytical tools. This emphasis on innovation is crucial in a rapidly evolving market where clients increasingly expect sophisticated solutions.

In addition to enhancing their technological capabilities, the merger is anticipated to have significant implications for the regional job market. As the combined entity grows, it is expected to create new employment opportunities in tech development, project management, and customer support. This aligns with broader economic goals within the UAE to foster job creation in high-tech industries.

The merger has also raised questions about regulatory considerations, as the consolidation of two major players in the geospatial and satellite sectors may draw scrutiny from regulatory bodies. Ensuring compliance with local and international regulations will be essential for the newly formed entity as it seeks to navigate the complexities of the market.

General Atlantic, a leading global growth equity firm, is planning to establish an office in Abu Dhabi by the end of this year as part of its expanding focus on the Middle East. The move highlights the firm’s strategy to deepen its engagement with regional markets, leveraging Abu Dhabi’s status as a growing financial hub. This decision reflects the firm’s increasing interest in capturing investment opportunities within the Middle East and North Africa (MENA) region, which has seen a surge in economic activity across various sectors, including technology, fintech, and healthcare.

Abu Dhabi’s emergence as a key financial center has attracted several global firms, and General Atlantic is the latest to set its sights on the city. This expansion is aligned with the firm’s broader plans to scale its investments in high-growth markets across the globe. Over the years, the Middle East has grown in prominence for international investors, and General Atlantic has been a notable player, investing approximately $400 million in the region since 2015, with prominent investments including Property Finder and Network International.

Samir Assaf, Chairman of MENA at General Atlantic, is spearheading this initiative. His leadership is expected to strengthen the firm’s regional network and assist in identifying further investment opportunities. Assaf, who joined General Atlantic as a Senior Advisor in 2021 and later took on this expanded role, brings decades of experience in the financial sector, including senior roles at HSBC. He is tasked with building relationships with key stakeholders and supporting the firm’s portfolio companies as they grow in the MENA region. His extensive experience in the region is a critical asset to General Atlantic’s ambition to support entrepreneurial ventures and drive growth across the Middle East.

The firm’s decision to establish an office in Abu Dhabi comes at a time when regional governments are prioritizing the diversification of their economies. This diversification, particularly in the UAE, is marked by increased investment in non-oil sectors, which aligns with General Atlantic’s focus on technology-driven businesses and its broader growth equity strategy. The firm has been actively scouting for opportunities in industries that are critical to the region’s economic transformation, including e-commerce, digital infrastructure, and financial services.

The UAE’s regulatory environment and strategic location have positioned it as a favorable base for international firms looking to expand in the Middle East. General Atlantic’s plans for Abu Dhabi are expected to provide the firm with closer access to regional markets, especially as Gulf nations push forward with ambitious economic reforms. The city is also home to sovereign wealth funds such as Mubadala, which are increasingly involved in global investments, and General Atlantic’s presence could lead to closer collaborations with such entities.

While General Atlantic’s interest in the Middle East is not new, its decision to open an office in Abu Dhabi signals a more concerted effort to establish a permanent presence and tap into the region’s growing economic potential. This follows the firm’s long-term investment approach, which focuses on partnering with entrepreneurs and companies in emerging markets. By the end of the year, the firm is expected to make a formal announcement regarding the opening of the office, which will be staffed by regional experts and senior executives from its global offices.

This strategic shift is part of a larger trend of global investment firms establishing a presence in the UAE and wider Gulf region. In the past few years, other equity firms and financial institutions have similarly expanded their operations, drawn by the region’s rapid economic growth and investment potential. For General Atlantic, which manages over $70 billion in assets globally, the move signals its continued confidence in the Middle East as a key area of growth, particularly as the firm looks to invest in innovation-driven sectors.

As the firm increases its footprint in the region, its leadership has expressed optimism about the region’s future, noting the vibrant entrepreneurial ecosystem and supportive regulatory frameworks. General Atlantic’s global expertise and strategic capital deployment model position it well to help regional companies scale and succeed in an increasingly competitive global market.

A vibrant new destination for dining enthusiasts has emerged in Muscat with the launch of Roberto’s Muscat, nestled within The St. Regis Al Mouj Muscat Resort. This establishment brings the essence of Italian cuisine, infused with Mediterranean influences, to Oman’s capital, embodying the spirit of “Dolce Vita” in every aspect of its offering.

Guests at Roberto’s Muscat can embark on a culinary journey characterized by the finest ingredients, including wild-caught fish, prime-aged meats, and organic produce. The menu has been carefully curated to evoke cherished memories and foster new traditions through authentic Italian dishes. Each plate reflects a commitment to quality and craftsmanship, delivering an experience that delights the senses.

A highlight of the dining experience is the dessert selection, which features signature offerings such as Gelato Verde Oro—pistachio gelato drizzled with Sicilian olive oil. This creation epitomizes the restaurant’s dedication to melding traditional Italian flavors with innovative presentations, ensuring a memorable conclusion to any meal.

The setting of Roberto’s Muscat enhances the dining experience, with a cooled terrace that overlooks the stunning Gulf of Oman. This outdoor space accommodates 24 guests, providing a relaxed atmosphere for al fresco dining while indoor seating for 82 creates an elegant yet inviting environment suitable for intimate gatherings and larger celebrations alike.

For those seeking a more intimate atmosphere, Scala Lounge presents a hidden retreat within the restaurant. This speakeasy-style bar, which seats 32, offers an array of rare spirits and expertly crafted cocktails, complemented by live entertainment. It’s positioned as an ideal spot for unwinding after a long day, embodying the luxury and relaxation synonymous with Roberto’s brand.

Andrea Sacchi, Chief Operating Officer of Skelmore Hospitality Partners, expressed enthusiasm about the new opening, stating, “We are excited to bring the Roberto’s experience to the shores of Muscat and continue our partnership with the Al Fardan Group and Marriott International at The St. Regis Al Mouj Muscat Resort—a seaside location where Roberto’s ‘Dolce Vita’ will embrace the rhythm of a relaxed holiday on the Arabian coast.” This sentiment highlights the strategic vision behind the restaurant, aimed at creating a unique dining experience that resonates with both locals and visitors.

Tarek Mourad, General Manager of The St. Regis Al Mouj Muscat Resort, echoed this excitement, sharing his admiration for the Roberto’s concept: “Its vibrant energy, cosmopolitan flair, and intensely Italian cuisine make it a perfect fit for Muscat, and we’re ecstatic to present this to our guests.” This endorsement underscores the anticipated impact of Roberto’s Muscat on the local dining scene.

Roberto’s Muscat aims to distinguish itself in a competitive market by blending Italian and Mediterranean culinary traditions with an inviting ambiance. The restaurant’s design reflects modern aesthetics while maintaining a warm and hospitable environment, characteristic of Italian culture. This balance is poised to attract a diverse clientele, from food aficionados to families seeking quality dining experiences.

This establishment is part of a broader expansion strategy for the Roberto’s brand, which has solidified its reputation in Dubai since its inception in 2012. Building on its success, Roberto’s has ventured into international markets, including Porto Montenegro and Amman, with additional locations planned in Egypt and Saudi Arabia. This growth trajectory emphasizes the brand’s commitment to redefining modern Italian dining across diverse locales.

Roberto’s Muscat stands out not just for its culinary offerings but also for its attention to service excellence. The team is trained to deliver polished service, enhancing the overall dining experience. Guests can expect a personalized touch that complements the restaurant’s upscale environment, further solidifying its status as a premium dining destination.

Turkish singer and music video director Metin Arolat tragically passed away during a live performance in Istanbul. The 52-year-old artist collapsed while on stage in the Kozjatagi district, having suffered a heart attack. His death shocked fans and the local entertainment industry alike, especially given the circumstances surrounding his final moments.

Reports indicate that Arolat had been experiencing discomfort prior to the performance, with numbness in his hand and pain that persisted throughout his set. Despite this, he continued with the show, raising concerns among those close to him that his health was already in decline. A nurse who was present in the audience attempted to revive him after he collapsed, but efforts were unsuccessful. He was pronounced dead soon after, leaving many to mourn the loss of one of Turkey’s prominent musical figures.

Arolat, who had gained fame not only for his vocal talent but also as a respected music video director, had maintained a visible presence in Turkey’s entertainment industry since the 1990s. His contributions to pop culture spanned both music and visual media, and he had developed a significant fan base over his career.

Schloss Bangalore, the operator behind the luxury Leela Palaces, Hotels, and Resorts chain, has submitted draft papers for an ambitious initial public offering (IPO) aiming to raise Rs 5,000 crore ($600 million). If successful, this will be the largest IPO in India’s hotel sector to date. The draft red herring prospectus (DRHP) was filed with the Securities and Exchange Board of India (SEBI), marking a significant step in Schloss’s strategy to capitalize on the current stock market surge.

Founded in 1986 by Captain CP Krishnan Nair, Leela Palaces has developed a reputation for offering opulent hospitality experiences. Brookfield Asset Management acquired the company in 2019, and since then, the business has seen steady growth. The funds raised through the IPO will reportedly be used for debt repayment, expansion, and general corporate purposes. While the offer consists of both a fresh issue and an offer for sale, exact details on the split remain under discussion.

The hospitality sector in India has been gaining momentum, with Schloss’s move coming on the heels of successful public offerings in various sectors, including renewable energy and financial services. As the luxury hotel market continues to rebound post-pandemic, Schloss aims to strengthen its position by leveraging the favorable investor sentiment surrounding hospitality and tourism growth.

Analysts anticipate robust demand for the IPO, citing the prestigious brand and Brookfield’s management as key drivers of investor confidence. However, the IPO’s success will hinge on broader market conditions and investor appetite at the time of the offering.

India’s foreign exchange reserves have surged to an unprecedented level of $689.458 billion, marking a crucial milestone for the country’s economic positioning in global markets. The reserves, which reflect the country’s ability to meet external obligations and provide a buffer against financial instability, increased by $223 million in the week ending September 13. This rise has further cemented India’s status as one of the largest holders of foreign currency reserves worldwide, positioning it as a key player in the global financial arena.

Despite this substantial increase in the overall reserves, the composition of these reserves presented a more nuanced picture. Foreign currency assets (FCA), which form the largest component of the reserves, witnessed a reduction of $515 million. These assets, held in different currencies such as the U.S. dollar, euro, pound sterling, and Japanese yen, are a critical indicator of India’s foreign currency holdings and are often affected by currency fluctuations and interest rates in international markets. The decline in FCA was offset by other components of the reserves, particularly the significant increase in gold reserves.

Gold reserves saw a sharp rise of $899 million during the same period, underscoring the metal’s continued relevance as a safe haven asset. This increase suggests that India’s central bank may be looking to diversify its holdings in response to broader global uncertainties. Gold, traditionally regarded as a hedge against inflation and economic instability, has been gaining renewed attention among global central banks. As countries face the challenges of rising geopolitical tensions and economic fluctuations, gold’s role as a stabilizing force has once again come into focus.

While the rise in gold reserves was notable, other components of India’s foreign exchange holdings, such as Special Drawing Rights (SDRs) and the reserve position with the International Monetary Fund (IMF), experienced marginal declines. SDRs, which represent a basket of international currencies and serve as a supplementary reserve asset allocated by the IMF, dropped by $50 million. Similarly, the country’s reserve position in the IMF, which allows access to international liquidity and contributes to global financial stability, recorded a decrease of $111 million.

The overall uptick in reserves comes at a time when India’s economic outlook remains relatively resilient compared to other emerging markets. The reserves serve not only as a tool for defending the rupee in times of volatility but also as an indicator of investor confidence in India’s macroeconomic stability. A stronger reserve position allows India to better manage external shocks, such as oil price fluctuations, trade imbalances, and global financial turbulence.

India’s reserves are now among the highest globally, trailing only China, Japan, and Switzerland. This latest achievement reflects the country’s efforts to build a robust foreign exchange buffer since the economic reforms of the 1990s. Since then, successive governments have prioritized strengthening the reserves to safeguard the country from external vulnerabilities. The rise in reserves has also been fueled by sustained foreign investment inflows and a healthy current account balance in previous quarters, driven in part by a recovery in global demand for goods and services after pandemic-induced disruptions.

Analysts have pointed out that India’s reserve accumulation strategy is likely to be shaped by several factors in the coming months. Global interest rate trends, particularly in the United States, will have a significant impact on foreign currency assets, while commodity prices, especially crude oil, will influence the country’s import bill. Moreover, ongoing geopolitical tensions, trade uncertainties, and inflationary pressures in major economies will also affect the Reserve Bank of India’s (RBI) approach to managing these reserves.

The central bank has maintained a cautious approach toward managing the reserves, intervening in the forex market to curb excessive volatility in the rupee’s value. A stable and sufficient level of reserves allows the RBI greater flexibility in implementing monetary policy and defending the currency against external shocks. With inflationary pressures rising globally and the U.S. Federal Reserve tightening its monetary policy, India’s reserve position will play a critical role in maintaining domestic economic stability.

In the past, India has faced challenges related to its foreign exchange reserves, particularly during the 1991 balance of payments crisis, when reserves had dwindled to just a few weeks’ worth of imports. The crisis marked a turning point in India’s economic policy, leading to structural reforms that opened the economy to greater foreign investment and trade. Since then, India has steadily accumulated reserves, reaching new highs over the years. The importance of a strong forex reserve was highlighted again during the global financial crisis of 2008 and the economic shocks caused by the COVID-19 pandemic, where countries with stronger reserves were better able to weather financial market disruptions.

As of the latest data, India’s forex reserves provide an import cover of approximately 10 months, which is well above the internationally recommended threshold. This gives India a comfortable cushion to meet its external payment obligations and insulate the economy from global shocks. The reserves also provide a buffer to support the rupee, which has faced depreciation pressures amid fluctuating oil prices and changes in global investor sentiment.

Going forward, experts suggest that India’s focus should remain on maintaining a balanced reserve composition. While the accumulation of foreign currency assets is crucial, ensuring diversification through gold and other assets will provide added protection against global market volatility. Moreover, with India being a major importer of crude oil, fluctuations in energy prices will continue to play a significant role in determining the country’s forex reserve levels.

The Quad alliance, consisting of the United States, Japan, Australia, and India, solidified its growing significance as Prime Minister Narendra Modi emphasized India’s commitment to hosting the 2025 Quad Summit. Speaking at the Wilmington Summit, Modi underlined the alliance’s role in promoting stability and security in the Indo-Pacific region, while reaffirming that the grouping is not directed against any specific nation. This strategic partnership, formed in response to shared democratic values, continues to gain momentum amid evolving geopolitical tensions.

The Wilmington meeting marked a critical moment in the Quad’s development, furthering dialogue and cooperation between the four member states. Since its revival in 2021, the Quad has played a prominent role in fostering regional security, focusing on areas such as technological collaboration, climate action, and defense cooperation. Modi’s remarks highlighted India’s readiness to lead the next phase of the alliance, with preparations underway to host the 2025 summit.

As global challenges intensify, the Quad has emerged as a cornerstone of multilateral diplomacy in the Indo-Pacific. Modi pointed out the shared commitment to ensuring a free, open, and inclusive Indo-Pacific, with democratic principles at the core of the alliance. “The Quad is here to stay,” Modi stated, emphasizing that the grouping stands as a platform for collaborative solutions rather than a response to any particular nation or bloc. The assertion reflects the Quad’s non-confrontational approach, focusing instead on promoting collective security and economic prosperity across the region.

The Quad’s evolution since 2021 has been rapid, with member nations consistently expanding their areas of cooperation. Strategic experts have noted the alliance’s success in areas such as maritime security, with Quad navies conducting joint exercises aimed at improving interoperability. These exercises have not only bolstered defense capabilities but also demonstrated the alliance’s resolve to protect vital maritime routes, which are critical to global trade. With India poised to take on the next summit, expectations are high that the country will continue to push forward initiatives that reinforce regional security and economic growth.

The Wilmington Summit also underscored the importance of technology sharing and innovation. One of the key areas discussed was the development of resilient supply chains, particularly in the semiconductor industry, which has been under strain due to global shortages. The Quad countries are looking to collaborate on reducing dependency on specific nations for key technological inputs, enhancing supply chain diversification. Modi emphasized that the Indo-Pacific region, as a hub for technological development, could play a pivotal role in global supply chain stabilization. This effort reflects the Quad’s broader strategic aim of reducing vulnerabilities in critical industries while ensuring the equitable growth of emerging technologies.

The Quad’s expanding agenda now includes addressing climate change, a subject of critical importance for the Indo-Pacific, which is home to several vulnerable island nations. The Wilmington Summit reiterated the Quad’s commitment to reducing carbon emissions and promoting clean energy. Modi reinforced India’s role as a key player in the global climate conversation, showcasing the country’s strides in renewable energy development and its leadership in the International Solar Alliance. He noted that climate resilience would remain a core focus at the 2025 summit, as the Quad aims to balance economic growth with sustainable environmental practices.

While defense and economic issues dominated the Quad agenda, the alliance’s role in fostering people-to-people ties has not been overlooked. The Wilmington Summit highlighted educational exchanges and cultural collaborations between member states, reflecting the Quad’s broader ambition to strengthen ties beyond security and economics. By fostering a deeper understanding between citizens, the alliance seeks to build long-term partnerships that transcend geopolitical concerns. Modi’s vision for the 2025 summit includes a renewed focus on such exchanges, positioning India as a cultural and diplomatic bridge between the East and West.

Despite its progress, the Quad continues to face scrutiny, particularly from nations like China, which view the alliance as an attempt to contain their influence in the Indo-Pacific. However, Modi was quick to dispel this notion, stating that the Quad’s goals remain inclusive and transparent. The Quad’s diplomatic language has consistently emphasized collaboration over confrontation, seeking to engage with all nations willing to work toward a stable and prosperous region.

India’s growing role within the Quad has been noted by analysts, particularly in light of the country’s increasing influence in global economic and security forums. As the host of the 2025 summit, India is expected to leverage its diplomatic capabilities to further solidify the Quad’s position as a key player in the Indo-Pacific. Modi’s strategic vision includes strengthening defense ties with Quad members, while also expanding economic cooperation to address shared challenges such as trade imbalances and supply chain vulnerabilities.

The timing of India’s hosting of the 2025 Quad Summit is significant, as the Indo-Pacific continues to be a focal point for international diplomacy. Analysts have pointed out that India’s ability to navigate complex geopolitical dynamics will be crucial in ensuring the Quad’s continued success. With global powers vying for influence in the region, the Quad’s balanced and inclusive approach has positioned it as a diplomatic force for stability.

The Wilmington Summit also saw discussions on strengthening health security, with a focus on pandemic preparedness. The Quad’s efforts in distributing vaccines to Indo-Pacific nations have been well-received, showcasing the alliance’s capability to provide humanitarian assistance in times of crisis. Modi acknowledged the importance of continuing this collaboration, noting that health security would remain a priority in future Quad discussions. The pandemic’s impact on global health infrastructure has reinforced the need for multilateral approaches to address both current and future challenges, and the Quad is expected to play a vital role in these efforts moving forward.

OYO, the global travel technology platform, has taken a significant step towards expanding its presence in the United States with its $525 million acquisition of G6 Hospitality. The deal, announced as an all-cash transaction, marks a major milestone for the Indian-founded company, which has grown substantially since its launch in the US in 2019. G6 Hospitality is the parent company of two well-known budget lodging chains, Motel 6 and Studio 6, both of which boast strong brand recognition across the US economy hotel sector.

This acquisition comes at a time when OYO is aggressively increasing its footprint in the American hospitality market. The company, which currently operates more than 320 hotels across 35 states, added nearly 100 properties to its US portfolio in 2023 alone. Its ambitious plans for 2024 include the addition of another 250 hotels, building on the momentum created by this strategic acquisition. With Motel 6 and Studio 6 brands already well-established in the US, OYO intends to leverage its technology and entrepreneurial expertise to enhance operations while retaining the iconic status of these brands.

G6 Hospitality, owned by Blackstone Real Estate since 2012, has long been a major player in the economy lodging segment. With approximately 1,400 properties in North America, it offers affordable stays to a wide range of travelers, making it a valuable asset for OYO’s portfolio. The transaction, which is expected to close in the fourth quarter of 2024, is subject to the usual regulatory approvals and closing conditions.

For OYO, this acquisition represents a key move to strengthen its foothold in the US, a market that remains pivotal for the company’s international growth strategy. According to its CEO, Ritesh Agarwal, the deal symbolizes a significant turning point for OYO as it seeks to blend the strengths of the Motel 6 and Studio 6 brands with OYO’s operational efficiency and technological prowess. Agarwal emphasized that Motel 6’s established brand identity, combined with OYO’s innovative approach to hospitality, would enable the company to chart a sustainable growth trajectory.

Since its entry into the US market, OYO has positioned itself as a tech-driven hotel company, utilizing artificial intelligence and data analytics to optimize pricing, streamline operations, and enhance customer experiences. With this acquisition, OYO plans to apply similar strategies to improve the performance of G6 Hospitality’s properties, targeting a diverse range of customers, from budget-conscious travelers to extended-stay guests.

For Blackstone Real Estate, the sale of G6 Hospitality marks the end of a 12-year ownership period during which the company implemented significant operational improvements at Motel 6 and Studio 6. Under Blackstone’s ownership, G6 Hospitality expanded its footprint and modernized many of its properties, which contributed to its resilience during challenging periods, such as the economic downturn following the COVID-19 pandemic.

The deal underscores a broader trend of consolidation within the global hospitality industry, where companies are increasingly seeking to strengthen their portfolios through strategic acquisitions. For OYO, the integration of G6 Hospitality into its growing network of hotels aligns with its mission to become a dominant player in the economy lodging sector worldwide.

As OYO embarks on this new chapter, industry observers are keenly watching how the company will navigate the complexities of integrating such a well-established brand into its operations. The Motel 6 and Studio 6 brands, known for their no-frills approach to lodging, are likely to benefit from OYO’s focus on technology and innovation, while OYO itself could gain from the vast operational experience that G6 Hospitality brings to the table.

With the US being one of OYO’s key markets, the acquisition of G6 Hospitality is expected to boost the company’s revenues and solidify its presence in North America. It also provides OYO with a platform to further diversify its offerings in the budget travel space, catering to both short-term and extended-stay customers.