HST · 10-Q · 2026Q3 · Full report
Guidance and Outlook
HOST HOTELS & RESORTS, INC. · 2026-11-06 · Importance 68 · Surprise 68 · In source text
Management expects comparable hotel RevPAR growth of approximately 6.75% for full-year 2026, following 6.6% year-to-date growth compared with 2025. For the fourth quarter, it expects favorable group booking pace and sustained average rates to support continued strong performance. Management expects year-over-year margins to increase compared with 2025 as rate improvements offset wage expense increases, while noting that macroeconomic conditions, trade policy developments and geopolitical conflicts make the lodging outlook uncertain.
Key facts
- Host expects comparable hotel RevPAR growth of approximately 6.75% for full-year 2026. source
- Comparable hotel metrics did not yet include 1 Hotel Brooklyn Bridge and Renaissance Dallas at Plano Legacy West Hotel, acquired in October 2026; Host expected to include them beginning in Q4 2026. source
- Host expects favorable group booking pace and sustained average rates to support continued strong performance in the fourth quarter of 2026. source
- Host expects year-over-year margin to increase compared with 2025, as rate improvements have offset wage expense increases. source
- Host expects fourth-quarter 2026 group revenue growth to benefit from special events and strong performance at convention hotels driven by corporate groups. source
- Host intended to use available cash in the near term predominantly for corporate expenses, capital expenditures, hotel acquisitions, and dividends. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Host expects comparable hotel RevPAR growth of approximately 6.75% for full-year 2026. |
| revenue | positive | committed | — | Comparable hotel metrics did not yet include 1 Hotel Brooklyn Bridge and Renaissance Dallas at Plano Legacy West Hotel, acquired in… |