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Operator Good day, and welcome to the Xenia Hotels and Resorts fourth quarter and full-year 2020 results conference call. [Operator instructions] Please note, this event is being recorded. I would now like to turn the conference over to Cameron Frosch, senior analyst, finance. Please go ahead. Cameron Frosch Senior Analyst, Finance Thank you, Andrew. Good afternoon and welcome to Xenia Hotels and Resorts fourth quarter and full-year 2020 earnings call and webcast. I m here with Marcel Verbaas, our chairman, and chief executive officer; Barry Bloom, our president, and chief operating officer; and Atish Shah, our executive vice president, and chief financial officer. Marcel will begin with the discussion of our operating results and our 2020 achievements. ....
Noella Moon Replete with world-renowned vineyards, wineries, and culinary experiences, Napa Valley has a stellar reputation as a top destination market both domestically and abroad. However, numerous wildfires and the COVID-19 pandemic have affected the market. While the long-term effects of the wildfires have yet to be determined, the local economy remained relatively strong, and the impact on regional visitation from the San Francisco Bay Area and on hotel performance as a whole was relatively minimal, at least until the onset of the COVID-19 pandemic in 2020. Advertisements Source: HVS, San Francisco Chronicle Photo: HVS STR data for year-end 2017 showed an occupancy increase of 6.8% and a total hotel revenue increase of 9.2% from the previous year. Furthermore, from 2016 through 2018, visitor spending in Napa Valley increased by 15.9%, and visitor growth increased at a rate of 8.9%, suggesting that the area quickly recove ....