HST · 8-K · 20261104PR000152
Guidance and Outlook
HOST HOTELS & RESORTS, INC. · 2026-11-04 · Importance 62 · Surprise 68 · No source text
Host raised full-year 2026 comparable hotel RevPAR growth guidance to 6.75% and Total RevPAR growth guidance to 6.0%, increases of 175 and 100 basis points, respectively, from the prior guidance midpoint. Full-year GAAP revenue guidance is $6.213 billion, up 1.6% from 2025, and projected net income is $978 million. Adjusted EBITDA is forecast at $1.865 billion, up $35 million from the prior guidance midpoint, while NAREIT FFO and Adjusted FFO are projected at $2.17 and $2.21 per diluted share. Guidance includes an estimated $18 million net contribution from condominium sales, with remaining sales expected to shift into 2027.
Key facts
- Host’s 2026 guidance projects GAAP total revenues of $6,213 million, up 1.6% year over year. source
- Host’s 2026 guidance projects a GAAP operating profit margin of 15.4%, up 140 basis points, and comparable hotel EBITDA margin of 30.0%, up 80 basis points year over year. source
- Host’s 2026 guidance is net income of $978 million, $25 million above the previous midpoint, and Adjusted EBITDAre of $1,865 million, $35 million above the previous midpoint. source
- Host’s 2026 guidance is diluted earnings of $1.40 per share, NAREIT FFO of $2.17 per diluted share, and Adjusted FFO of $2.21 per diluted share. source
- Host expects 2026 comparable hotel RevPAR of $237, up 6.75%, and comparable hotel Total RevPAR of $392, up 6.0%. source
- Host expects full-year 2026 comparable hotel RevPAR growth of approximately 6.75% and comparable hotel Total RevPAR growth of approximately 6.0% over 2025. source
- Host expects comparable hotel EBITDA margins to increase approximately 80 basis points in full-year 2026 compared with 2025. source
- Host expects $3 million of net income and $6 million of Adjusted EBITDAre from the recent acquisitions of 1 Hotel Brooklyn Bridge and Renaissance Dallas, included in comparable hotel results starting in Q4 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +1.4% | Host’s 2026 guidance projects GAAP total revenues of $6,213 million, up 1.6% year over year. |
| net_income | positive | committed | +1.3% | Host’s 2026 guidance is net income of $978 million, $25 million above the previous midpoint, and Adjusted EBITDAre of $1,865 million, $35… |
| margin | positive | committed | +1.2% | Host’s 2026 guidance projects a GAAP operating profit margin of 15.4%, up 140 basis points, and comparable hotel EBITDA margin of 30.0%,… |
| net_income | positive | committed | +0.9% | Host’s 2026 guidance includes an estimated $18 million net contribution from condominium sales expected to close this year, with remaining… |
| margin | positive | committed | +0.7% | Host’s 2026 guidance projects a GAAP operating profit margin of 15.4%, up 140 basis points, and comparable hotel EBITDA margin of 30.0%,… |
| operating_income | positive | committed | +0.3% | Host expects $3 million of net income and $6 million of Adjusted EBITDAre from the recent acquisitions of 1 Hotel Brooklyn Bridge and… |
| net_income | positive | committed | +0.1% | Host expects $3 million of net income and $6 million of Adjusted EBITDAre from the recent acquisitions of 1 Hotel Brooklyn Bridge and… |
| cash | positive | realized | +0.1% | Host Hotels & Resorts' full-year 2026 forecast assumes $7 million of hurricane-related business interruption proceeds already received in… |
| cash | positive | contingent | — | Host expected a final determination on insurance claims related to Hurricanes Helene and Milton by year-end 2026; no additional amounts… |
| revenue | positive | probable | — | Host expected comparable hotel RevPAR growth of approximately 6.5% in October 2026 versus 2025. |