HST · 10-Q · 2026Q3 · Full report
Geographic Market Commentary
HOST HOTELS & RESORTS, INC. · 2026-11-06 · Importance 51 · Surprise 64 · In source text
Third-quarter comparable hotel Total RevPAR rose 19.0% in Washington, D.C., 13.4% in Boston and 15.8% on the Florida Gulf Coast, reflecting stronger group and leisure demand and special events; Maui grew 11.8% despite storms. Austin led with 62.4% growth, partly reflecting recently completed renovations and stronger leisure and business travel, while Phoenix fell 31.9% and Los Angeles/Orange County declined 1.0% amid renovation disruption. Year-to-date, San Francisco/San Jose grew 12.3% and international markets grew 12.9% in Total RevPAR, while New Orleans fell 7.1% and Phoenix fell 5.1%.
Key facts
- Host’s Austin market led the portfolio in third-quarter 2026 Total RevPAR growth, increasing 62.4%, primarily due to recently completed large-scale renovations and the associated 2025 disruption, as well as stronger leisure and business travel demand. source
- In the third quarter of 2026, Host’s comparable hotel Total RevPAR declined 31.9% in Phoenix and 1.0% in Los Angeles/Orange County; both markets were affected by renovation disruptions, with The Westin Kierland Resort & Spa and The Ritz Carlton, Marina del Rey under renovation as part of Host’s second Marriott Transformational Capital Program. source
- In the third quarter of 2026, Washington, D.C. and Boston Total RevPAR increased 19.0% and 13.4%, respectively, driven by improved group and strong leisure demand, including America 250 celebrations. source
- Host’s Florida Gulf Coast market Total RevPAR increased 15.8% in the third quarter of 2026, reflecting growth in transient and group business. source
- Host’s Maui market Total RevPAR increased 11.8% in the third quarter of 2026 as recovery from the 2023 wildfires continued, despite several hurricanes and storms. source
- Alila Ventana Big Sur was excluded from comparable results due to local evacuation mandates and regional wildfire activity; it closed in August 2026 and reopened in September 2026. source
- Host’s Washington, D.C. market benefited in the third quarter of 2026 from recently completed renovations and the associated disruption in 2025. source
- The Don CeSar was excluded from comparable results after Hurricane Helene-related disruption closed it beginning at the end of September 2024; it reopened in March 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Host’s Austin market led the portfolio in third-quarter 2026 Total RevPAR growth, increasing 62.4%, primarily due to recently completed… |
| revenue | negative | realized | — | In the third quarter of 2026, Host’s comparable hotel Total RevPAR declined 31.9% in Phoenix and 1.0% in Los Angeles/Orange County; both… |