Mr. Tim Fenn:

What we are trying to say is that the focus on the last-available rates is very risky because that, in itself, creates a reputational damage. What we are trying to say here today is that it is not reflective of what is happening in the total market. When there are 22,500 rooms and we should have 42,000 rooms – who knows how many? - and when the media and political commentary is focused in on the last 500 or 200 rooms, that is the challenge. That is why we end up having serious reputational damage. We would certainly concur with that.