| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.6K | 3.2% |
| Total Income | 1.6K | 3.2% |
| Expenditure | 1.3K | 1.3% |
| PBT | 518.00 | 107.2% |
| Net Profit | 494.00 | 99.2% |
| OPM | 19.39% | 1.51pp |
| NPM | 30.03% | 14.47pp |
| EPS | 0.72 | 105.7% |
Host Hotels & Resorts Reports Q1 2026 Results: RevPAR Growth of 4.4%
07 May 2026 · 7 May, 2:13 am
Summary
Host Hotels & Resorts, Inc. announced results for the first quarter of 2026, with comparable hotel RevPAR growth of 4.4% and comparable hotel Total RevPAR growth of 4.6%. GAAP net income increased by 99.6% to $501 million compared to the first quarter of 2025. The company raised its full-year 2026 comparable hotel RevPAR guidance range to 3.0% to 4.5%. The Board of Directors authorized a second quarter cash dividend of $0.92 per share.
Key Highlights
- 1
Comparable hotel Total RevPAR was $418.20 for the first quarter of 2026, an increase of 4.6% compared to the first quarter of 2025.
- 2
Comparable hotel RevPAR increased by 4.4% to $244.11 in the first quarter of 2026, driven by an increase in room rates.
- 3
GAAP net income was $501 million, a 99.6% increase compared to the first quarter of 2025, primarily due to the gain on sale of assets.
- 4
Comparable hotel EBITDA was $505 million, an increase of 7.0% compared to the first quarter of 2025, leading to a comparable hotel EBITDA margin improvement of 70 basis points to 32.7%.
- 5
Adjusted EBITDAre was $543 million, an increase of 5.6% compared to the first quarter of 2025.
- 6
The company sold the Four Seasons Resort Orlando at Walt Disney World® Resort and the Four Seasons Resort and Residences Jackson Hole in February 2026 for $1.1 billion.
- 7
The Board of Directors authorized a second quarter cash dividend of $0.92 per share, consisting of a regular quarterly dividend of $0.20 per share and a special dividend of $0.72 per share.
Management Comments
James F. Risoleo
Our first quarter results exceeded expectations with comparable hotel RevPAR growth of 4.4% over the first quarter of 2025 as strong leisure demand continued to drive higher room rates coupled with solid group demand. Comparable hotel Total RevPAR increased 4.6% over the same period last year due to strong transient demand and increased out-of-room spending. As evidenced by our results, affluent consumers are continuing to prioritize spending on travel, and group demand remains steady. As a result, we are increasing our 2026 comparable hotel RevPAR growth guidance range to 3.0% to 4.5% over 2025 and our comparable hotel Total RevPAR growth guidance range to 3.5% to 5.0% over last year. We believe Host's investment grade balance sheet, strong liquidity position, and continued reinvestment in our diversified portfolio uniquely position the Company to capture additional upside in the current environment.
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