Host Hotels & Resorts, Inc. (HST) Earnings Call Transcripts

Host Hotels & Resorts, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Host Hotels & Resorts, Inc. (HST:US) reported strong operational performance, exceeding expectations with adjusted EBITDAre of $525 million, up 5.8% year-over-year, and adjusted FFO per share of $0.63, an increase of 8.6%. Revenue per available room (RevPAR) grew by 7%, driven by robust demand from luxury resorts and significant contributions from the World Cup. Management raised their full-year guidance for comparable hotel total RevPAR growth to a range of 4.75% to 5.25%, reflecting improved expectations for the second half of the year.

Reported metrics

Guidance from management

Management raised the full-year guidance for comparable hotel total RevPAR growth to 4.75% to 5.25%, reflecting improved expectations for the second half of the year. They also expect comparable hotel EBITDA margins to improve by 40 to 50 basis points year-over-year.

What management said

Chris, we're happy with how group is performing this year. Sourav and I both mentioned that our total group revenue pace is up 5% for the year. And -- while it's too early to give color on how group is going to perform in 2027, what I can tell you is that our total group revenue pace is positive. So we like the way we're set up for the year. And I think group is starting to normalize in terms of lead times and bookin...

It's a little difficult to give you a precise number just because obviously, you have expense growth as well every single year, but we feel that we should be able to get another $20 million to $25 million additional as to what point it will be, will remain to be seen. Once we have budgets for next year, we'll provide a little bit more clarity in terms of what 2027 looks like.

What analysts pressed on

Analysts expressed concerns regarding the flow-through to EBITDA from RevPAR growth, noting that higher incentive management fees (IMF) impacted overall flow-through. Additionally, there were questions about the potential impact of Marriott's cost-saving initiatives on Host's portfolio.

Main topics on the call

• Revenue Growth Acceleration — Host Hotels reported a 7% increase in comparable hotel RevPAR, significantly driven by luxury resort demand and special events like the World Cup, which contributed approximately 160 basis points to RevPAR growth. Manage...
• Guidance Revision — Management raised the full-year guidance for comparable hotel total RevPAR growth to 4.75% to 5.25%, up from previous expectations. This increase reflects a stronger outlook for the second half of the year, with manageme...
• Strong Group Demand — Group room revenue increased by 7% year-over-year, with definite group room nights on the books for 2026 now at 3.8 million, indicating a positive trend in group bookings. Management highlighted, "Our total group revenue...
• Capital Allocation Strategy — The company continues to focus on disciplined capital allocation, with a strong investment-grade balance sheet allowing for opportunistic acquisitions and shareholder returns. Management emphasized, "We have a lot of fle...

Read the full Host Hotels & Resorts, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 Host Hotels & Resorts, Inc. earnings call transcripts on record, spanning February 20, 2020 to August 6, 2026. Based on this history, Host Hotels & Resorts, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HST

Exchange

NasdaqGS

Country

US

Sector

Real Estate

Industry

Hotel and Resort REITs

Calls on record

35

First call

February 20, 2020

Most recent

August 6, 2026

Reporting cadence

quarterly