HST · News · 20260806N

Operating Margin Drivers

HOST HOTELS & RESORTS, INC. · 2026-08-06 · Importance 25 · Surprise 32

Second-quarter adjusted EBITDAre increased 5.8% year over year to $525 million. Adjusted EBITDAre margin expanded 60 basis points to 31.9%, reflecting stronger RevPAR, event and resort demand, group business, and operating efficiencies. Management indicated that margin comparisons are expected to moderate in the second half of 2026, while some Four Seasons condominium development profit shifted from 2026 into 2027.

Key facts

• Adjusted FFO per share increased 8.6% to $0.63 in Q2 2026. source
• Adjusted EBITDAre rose 5.8% to $525 million in Q2 2026. source
• The company expanded EBITDA margins by 60 basis points to 31.9% in Q2 2026. source