HST · 8-K · 20260805PR000122
Guidance and Outlook
HOST HOTELS & RESORTS, INC. · 2026-08-05 · Importance 74 · Surprise 68 · In source text
Host raised its full-year 2026 comparable hotel Total RevPAR and RevPAR growth guidance to 4.75%–5.25% over 2025, from previous ranges of 3.5%–5.0% and 3.0%–4.5%, respectively. Management expects strong leisure demand and modest improvements in short-term group bookings to support second-half performance, while wage expense is expected to offset part of the rate benefit. Full-year operating profit and comparable hotel EBITDA margins are expected to increase slightly, with comparable hotel EBITDA margin forecast at 29.6%–29.7%. The company forecasts 2026 net income of $944–$962 million and Adjusted EBITDAre of $1,820–$1,840 million, including an estimated $16–$20 million contribution from condominium sales.
Key facts
- Full year 2026 comparable hotel Total RevPAR guidance range raised to 4.75% to 5.25% over 2025; dollar guidance $391 to $392 source
- Full year 2026 GAAP total revenues guidance: $6,124 to $6,153 million (0.2% to 0.6% change vs 2025) source
- Full year 2026 net income guidance: $944 to $962 million (current guidance) source
- Full year 2026 Adjusted EBITDAre guidance: $1,820 to $1,840 million source
- Company increased full year 2026 comparable hotel Total RevPAR and RevPAR growth guidance ranges to 4.75% to 5.25% over 2025 source
- Full year 2026 comparable hotel RevPAR guidance range raised to 4.75% to 5.25% over 2025; dollar guidance $234 to $235 source
- Full year 2026 diluted EPS guidance: $1.35 to $1.38 source
- Full year 2026 NAREIT FFO per diluted share guidance: $2.11 to $2.14 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Full year 2026 comparable hotel Total RevPAR guidance range raised to 4.75% to 5.25% over 2025; dollar guidance $391 to $392 |
| revenue | positive | committed | — | Full year 2026 GAAP total revenues guidance: $6,124 to $6,153 million (0.2% to 0.6% change vs 2025) |
| net_income | positive | committed | — | Full year 2026 net income guidance: $944 to $962 million (current guidance) |
| operating_income | positive | committed | — | Full year 2026 Adjusted EBITDAre guidance: $1,820 to $1,840 million |
| revenue | positive | committed | — | Full year 2026 comparable hotel RevPAR guidance range raised to 4.75% to 5.25% over 2025; dollar guidance $234 to $235 |
| net_income | positive | committed | — | Full year 2026 NAREIT FFO per diluted share guidance: $2.11 to $2.14 |
| net_income | positive | committed | — | Full year 2026 Adjusted FFO per diluted share guidance: $2.15 to $2.18 |
| cash | positive | contingent | — | The final determination on insurance claims related to Hurricanes Helene and Milton is expected in 2026, but no additional amounts beyond… |