Global Business Travel Group, Inc.

moving to positive free cash flow in the back half of the year. In summary, we delivered strong first quarter revenue and adjusted EBITDA. The business travel recovery continues, and we are delivering on share gains and SME momentum. We continue to execute on agency synergies and cost savings to drive operating leverage. We are well positioned to deliver strong second quarter and significant revenue growth and margin expansion in 2023. So we are delivering on what we said we would do and are confident in continued momentum ahead. I look forward to stepping into the CFO role on July the 1st and getting to know all of you in the months and years ahead. So we can now move into Q&A. Martine and I are joined by Eric Bock, who is our Chief Legal Officer, Global Head of M&A and Compliance and Corporate Secretary. Operator, please go ahead and open the line.

Thank you. If you would like to ask a question, please press star then one on your telephone keypad. If you change your mind at any time, please press star two. And as a reminder, that is staff followed by one to ask any questions. The first question we have comes from Steven G of Credit Suisse.

Okay, thank you so much. So Paul, the transaction recovery overall stands at 76% for you guys. I don't know if you have the regional data handy, but can you talk about where the Asia Pacific recovery may be as that region is still seems to be, you know, growing the highest year over year amongst your, I guess, the regional comparisons. Thank you.