HST · 10-Q · 2026Q3 · Full report

Market Demand Trends

HOST HOTELS & RESORTS, INC. · 2026-11-06 · Importance null · Surprise 40

Transient revenue increased 11.5% in the third quarter and 7.9% year to date, supported by rate increases of 6.4% and 6.6%, respectively, and improved occupancy. The company attributed transient demand strength to business travel and special events. Group revenue rose 4.5% in the quarter and 4.7% year to date, with both rates and occupancy increasing amid short-term bookings and completed renovations; renovation disruption in 2025 also contributed to the comparison. In the third quarter, room nights increased 4.8% for transient business and 1.3% for group business, while contract room nights declined 2.3%; contract revenue increased 4.6%.

Key facts

• Host’s comparable hotel RevPAR growth in the third quarter of 2026 was driven by broad-based transient and group demand, including FIFA World Cup and America 250 events in July and accelerating business travel. source
• Host expects hotel supply growth overall to remain below historical averages, but above-average growth in a limited number of its markets; it expects the lodging supply pipeline to remain relatively constrained until financing and construction costs ease. source
• Host stated that higher-income households represent the majority of its hotel customers and remain an important source of discretionary spending and travel demand. source