Host Hotels Q1 Earnings: Strong Growth & Positive Outlook

Host Hotels Q1 earnings exceeded expectations, with revenue per available room surging 14.6% overall and 5.7% excluding the new Andaz Miami Beach. Resorts, particularly wine country ones, led the growth with 34% increase due to robust group and leisure demand. Adjusted funds from operations per share jumped nearly 29% year over year, driven by strong revenue and cost controls expanding margins by 140 basis points. Urban hotels faced challenges from tough comps and weather, but out-of-room spending mitigated total RevPAR drop. Convention properties grew amid event shifts, with San Francisco surging 27% on Super Bowl buzz. Investors reacted positively to the strength, especially Andaz Miamis performance. The company repurchased $50 million in stock, bolstering the balance sheet. Full-year guidance was raised, with room and total RevPAR growth of 5-7.5% and adjusted EBITDAre of $238-252 million. Capital projects are on track, but Wailea needs extra roof repairs. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/20ef9b0a9aa87afb