Business
Host Hotels & Resorts, Inc. Reports Results for the First Quarter 2025
Comparable Hotel RevPAR Growth of 7.0% and Comparable Hotel Total RevPAR Growth of 5.8% BETHESDA, Md., April 30, 2025 (GLOBE NEWSWIRE) -- Host Hotels &
About this update from Host Hotels & Resorts, Inc.
[{"type":"text","content":"Comparable Hotel RevPAR Growth of 7.0% and Comparable Hotel Total RevPAR Growth of 5.8%\nBETHESDA, Md., April 30, 2025 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for first quarter of 2025. OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics) Quarter ended March 31, 2025 2024 Percent Change Revenues$1,594 $1,471 8.4%Comparable hotel revenues⁽¹⁾ 1,583 1,512 4.7%Comparable hotel Total RevPAR⁽¹⁾ 408.57 386.06 5.8%Comparable hotel RevPAR⁽¹⁾ 240.18 224.52 7.0% Net income$251 $272 (7.7%)EBITDAre⁽¹⁾ 508 504 0.8%Adjusted EBITDAre⁽¹⁾ 514 489 5.1% Diluted earnings per common share$0.35 $0.38 (7.9%)NAREIT FFO per diluted share⁽¹⁾ 0.63 0.60 5.0%Adjusted FFO per diluted share⁽¹⁾ 0.64 0.61 4.9%*Additional detail on the Company’s results, including data for 24 domestic markets, is available in the First Quarter 2025 Supplemental Financial Information on the Company’s website at www.hosthotels.com. James F. Risoleo, President and Chief Executive Officer, said, “Host delivered comparable hotel RevPAR growth of 7.0% over the first quarter of 2024 as a result of higher rates, improving leisure transient trends in Maui and strong group demand. Comparable hotel Total RevPAR increased 5.8% over the same period last year, and improvements were led by group banquet and catering business.\" Risoleo continued, “Despite the recent heightened macroeconomic uncertainty, we are maintaining our 2025 comparable hotel RevPAR growth guidance range of 0.5% to 2.5% over 2024. We are slightly reducing our comparable hotel Total RevPAR growth guidance range to 0.7% to 2.7% over 2024, driven by moderating group lead volume. We continue to believe Host's investment grade balance sheet, ample liquidity, and continued reinvestment in our portfolio uniquely position the Company to successfully navigate the current environment and take advantage of any potential opportunities.” _______________________________(1) NAREIT Funds From Operations (“FFO”) per diluted share, Adjusted FFO per diluted share, EBITDAre, Adjusted EBITDAre and comparable hotel revenues are non-GAAP (U.S. generally accepted accounting principles) financial measures within the meaning of the rules of the Securities and Exchange Commission (“SEC”). See ...