Along with aggressively pursuing the brand new growth opportunities, we are additionally very targeted on conversion opportunities, which may nicely be accessible on greater-than-regular volumes, given business circumstances. Along with our colleagues, we've been actively engaged with our hotel owners as we work to assist them in navigating this very difficult interval. The affect of suspended or substantially lowered operations has had a major affect on resort homeowners. We've been working closely with homeowners to assist them entry government assistance where appropriate and as requested and by way of value reductions or relief we're offering instantly. Offering protected and clean environments for colleagues and friends has all the time been a high priority for Hyatt Hotels. For World of Hyatt members, we also suspended the forfeiture of factors by way of the tip of this yr, extended expiration dates at no cost night time awards, suite upgrades and club awards by means of the top of this year and extended tier standing to early 2022. We continue to evaluate opportunities to support our visitors as they look ahead to resuming their journey with us once the challenges of COVID-19 dissipate. In summary, we are actively engaged in taking all of the steps necessary to ensure a secure and pleasing experience for both our colleagues and our company as journey begins to get better over the approaching months and beyond.
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I would now like handy the convention over to your speaker today, Brad O'Bryan, Senior Vice President. When we think about what the profile of a recovery might look like in the second half of this yr and into 2021, it's useful to break down the primary sources of business into leisure transient, business transient and group. We believe transient travel normally will lead the recovery with leisure transient perhaps being the first to come back again. Some even come with number lock facility for safety purpose whereas carrying round confidential papers. Whereas our group cancellations to date have been concentrated in the primary half of 2020, we believe that corporate group bookings for the second half of the year are in danger, especially for meetings involving a significant number of individuals. The term Jet Set is de facto often known as these people who enjoy to entertain themselves in public places where they like to spend their full day in Rome or Paris only to social gathering and be out of distressing work and daily life.
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Our owner base is represented by a large variety of entities, ranging from massive, effectively-capitalized non-public and public establishments, together with quite a few REITs, to individual properties owned by small companies. The Care Fund was financed with initial contributions from wage reductions of Hyatt's senior management team and Board of Directors in addition to by way of donations from the Hyatt Hotels Basis, Pritzker Family Foundations and certain Hyatt Hotel owners, and it continues to develop, thanks to ongoing contributions from particular person donors. It is for this reason that we established our already announced Hyatt Care Fund to support colleagues with probably the most urgent financial needs as a result of COVID-19. So I wanted to know are there any indicators of a fracture that I might be capable to see/notice before I'm going get an x-ray for no cause. It's very difficult to have any certainty across the timing or shape of the restoration, however we do know we'll get by way of this and journey will recover.
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Looking to the longer term, our restoration job force is targeted on all elements of restoration, with special emphasis on safety and cleansing requirements in preparation for reopening hotels that have suspended operations or ramping up for those who remain open. As half of these efforts, we're additionally developing group assembly requirements and protocols to make sure that teams can proceed to satisfy in a safe and efficient manner whereas well being concerns associated to COVID-19 persist. Meanwhile, we're additionally working closely with the American Hospitality and Lodging Association on industrywide requirements in this area. Many American soldiers who fought the warfare in Italy, began retailers referred to as pizzerias in America after the struggle. As well as, we have established a working group that includes American Airlines and Enterprise Holdings to supply steering in this area and across the journey journey. We've also taken steps along the best way to ensure that procedures and protocols are aligned with steerage offered by numerous well being organizations, together with the World Well being Group, the Centers for Disease Control and Prevention as well as varied local authorities in markets that we serve.