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14:00
Aug 06 ◎

HST FY2026 Q2 Watch

Host Hotels & Resorts, Inc. (HST) FY2026 Q2 Earnings Call

HST MAR H ▾

Jim Risoleo

Guidance was raised for the second half and the full year, reflecting broad-based strength in leisure, group, and business transient demand. The tone is confident, pointing to a stable operating environment and higher margins.

"Looking ahead, we are optimistic about the travel environment, which is supported by resilient demand trends and a continued preference among high-end consumers for experiential travel."

HST WATCH

Sourav Ghosh

The amortization of Incentive Management Fees (IMF) will temper flow-through. Management notes that a point of RevPAR growth now equates to roughly $28-30 million in EBITDA, down from $30-37 million last year, due to portfolio changes. — Investors need to recalibrate flow-through expectations for Host specifically, as the EBITDA contribution from incremental RevPAR is weakening, and IMF will be a more significant drag in high-growth periods.

"Marriott announced an ITR incentive program, and broadly the brand seems to be looking at ways to lower costs."

MAR WATCH H WATCH

HIGH

14:00
May 07 ◎

HST FY2026 Q1 Watch

Host Hotels & Resorts, Inc. (HST) FY2026 Q1 Earnings Call

H HST MAR ▾

Saurav Ghosh

A significant portion of World Cup-related bookings occurs within the 30-day window, with 40% of occupancy booked in the week leading up to matches, creating high uncertainty and potential upside/downside surprises. — HST's guidance assumes a 60bps RevPAR benefit from the World Cup, but the actual impact is highly unpredictable due to the last-minute booking pattern, creating a potential guidance miss/beat.

"In the case of Marriott, that's Atlas, and you have Olympia. In the case of Hyatt, particularly focused on a really driving labor standards."

H WATCH

Jim Rizzolio

Guidance was raised due to Q1 outperformance, sustained strength in leisure and resort demand, and expected benefits from special events like the World Cup, indicating a positive outlook.

"we are raising our 2026 comparable hotel rep part guidance range to 3% to 4.5% over 2025, and our comparable hotel total rep par growth guidance range to 3.5% to 5% over last year."

HST WATCH

Jim Rizzolio

"not only are we the largest, we also have a very high redemption of hotels within our portfolio. And certainly the way the program works, it has been beneficial to us with the changes that have occurred"

MAR WATCH

HIGH

15:00
Feb 19 ◎

HST FY2025 Q4 Watch

Host Hotels & Resorts, Inc. (HST) FY2025 Q4 Earnings Call

HST ▾

Jim Rizzolio

Guidance for 2026 is positive, with EBITDA growth expected despite significant asset sales, indicating confidence in operational performance and the strength of the luxury consumer.

"Looking ahead, we are optimistic about the travel environment, particularly at the upper end of the chain scale, and we are confident that Host is well-positioned to capitalize on future opportunities."

HST WATCH

HIGH

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