Host Hotels & Resorts reported mixed third quarter 2026 results, with revenue of $1.35 billion slightly missing estimates while Adjusted FFO of $0.39 per share exceeded expectations. Performance was driven by robust operational growth, with comparable hotel RevPAR increasing 8.8% due to higher room rates and demand boosts from the World Cup.

Key Highlights

  • Comparable hotel RevPAR surged 8.8% YoY to $219.50, led by a 5.7% increase in average room rates and 210 bps occupancy improvement.
  • Management raised full-year 2026 comparable RevPAR growth guidance to 6.75% from a previous range of 4.75%-5.25%.
  • Transient room revenue increased 11.5% while group revenue rose 4.5% during the quarter.
  • The company acquired two properties—1 Hotel Brooklyn Bridge and Renaissance Dallas at Plano—for a total of $374 million.
  • Adjusted EBITDAre guidance for the full year 2026 was raised by $35 million to $1.865 billion.