Host Hotels & Resorts, Inc. (HST) Earnings
Host Hotels & Resorts, Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.33. HST has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +28.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.36 | $0.67 | +87.4% | $1.6B | +3.2% |
| Feb 18, 2026 | $0.47 | $0.51 | +8.5% | $1.6B | +7.7% |
| Nov 5, 2025 | $0.33 | $0.35 | +6.1% | $1.3B | -10.5% |
| Jul 30, 2025 | $0.51 | $0.58 | +13.7% | $1.6B | +20.4% |
| Apr 30, 2025 | $0.56 | $0.64 | +14.3% | $1.6B | +3.1% |
| Feb 19, 2025 | $0.15 | $0.44 | +193.3% | $1.4B | -5.9% |
| Jul 31, 2024 | $0.56 | $0.57 | +1.8% | $1.5B | -0.1% |
| May 1, 2024 | $0.54 | $0.60 | +11.1% | $1.5B | +3.1% |
| Feb 21, 2024 | $0.44 | $0.44 | +0.0% | $1.3B | +2.4% |
| Nov 1, 2023 | $0.35 | $0.41 | +17.1% | $1.2B | +0.6% |
| Aug 2, 2023 | $0.56 | $0.53 | -5.4% | $1.4B | -25.8% |
| May 3, 2023 | $0.24 | $0.40 | +66.7% | $1.4B | +5.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- First quarter results exceeded expectations with adjusted EBITDA RE of $543M and adjusted FFO per share of 67 cents. - Benefited from $7M business interruption proceeds from hurricanes. - Comparable hotel REVPAR improved driven by rate growth and out-of-room spending. - Strong rep heart growth, especially in Florida, Phoenix, and San Francisco. - Completed Hyatt Regency Reston renovation; Hyatt Transformational Capital Program over 80% complete. - Board authorized quarterly dividend of 20 cents and special dividend of 72 cents. - Continued portfolio reinvestment with Marriott Transformational Capital Program underway.
Guidance
- Raised 2026 comparable hotel REVPAR guidance range to 3%-4.5% over 2025 and total REVPAR growth to 3.5%-5% over last year. - Expect comparable hotel EBITDA margins to be up 20-50 basis points year-over-year. - Second quarter rev par growth expected similar to first quarter driven by World Cup, with second half in low single digits. - 2026 full year adjusted EBITDA RE midpoint is $1,810,000,000, up from prior guidance.
Segment performance
Adjusted EBITDA RE was $543 million, up 5.6% year-over-year. Adjusted FFO per share was 67 cents, up 4.7% year-over-year. Comparable hotel total REVPAR improved 4.6% compared to Q1 2025, with REVPAR up 4.4% driven by rate growth and out-of-room spending. Comparable hotel EBITDA margin improved 70 basis points to 32.7% year-over-year. Transient revenue grew 5.5% driven by rate growth, especially at resorts. Business transient revenue grew 4% driven by strong rate growth. Group room revenue was up 2.4% year-over-year. F&B revenue grew 5% and other revenue grew 6% with broad-based strength.
Risks & headwinds
- Weather impacts such as hurricanes and storms can affect results. - Geopolitical uncertainty could impact travel patterns. - Uncertainty around business interruption proceeds from recent storms in Hawaii.
Analyst Q&A
Q: Asked about World Cup impact on REVPAR expectations.
A: Majority of bookings in last 45 days, 40% in last week, pacing well with World Cup matches in 10 markets.
Q: Asked about returns on non-room vs room side of ROI programs.
A: Transformative renovations have served shareholders well with 9 points yield index pickup on stabilized assets.
Q: Asked about Hawaii REVPAR and EBITDA impacts and rebookings.
A: Q1 impact includes Hawaii and winter storm, Maui EBITDA contribution guide maintained, rebookings picking up through remainder of year.
Q: Asked about demand drivers and bookings sustaining.
A: Strong quarter in Florida and Arizona, pent-up demand from international travel restrictions, upcoming holidays show strong transient pace.
Q: Asked about transaction markets and capital allocation.
A: Focus on capital allocation for dividends, share repurchases, portfolio reinvestment, and opportunistic acquisitions, waiting on acquisitions due to high pricing.
Q: Asked about San Francisco market recovery.
A: San Francisco has strong recovery, diversified demand base, assets well positioned to benefit from office recovery and AI.
Q: Asked about Maui RevPAR and confidence in 120M EBITDA.
A: Q1 RevPAR impact includes portfolio, Maui started well, rebookings and group booking pace give confidence.
Q: Asked about Marriott Bonvoy program change impact.
A: Overall helped as largest owner with high redemption, tough to quantify exactly.
Q: Asked about 2Q-4Q rev par breakdown and expense side building blocks.
A: Second half occupancy growth about 80 bps, rate lower than first half; wage and benefit growth 4.5% driven by productivity improvements.
Q: Asked about acquisitions and special dividends.
A: High bar for acquisitions, potential dispositions likely, special dividends not deterred if creates shareholder value.