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Host Hotels & Resorts has raised its full-year 2026 adjusted funds from operations (FFO) forecast following better-than-expected demand across its luxury and upscale hotel portfolio. Strong group travel, continued spending by affluent travellers and higher domestic and international visitor numbers during the recently concluded FIFA World Cup supported the company's performance. The real estate investment trust also increased its room revenue growth guidance for the year after reporting second-quarter results that exceeded analysts' expectations for both adjusted FFO and total revenue.
Host Hotels & Resorts has raised its full-year 2026 adjusted funds from operations (FFO) forecast after reporting strong demand for its luxury hotels, supported by robust travel activity and higher visitor inflows during the recently concluded FIFA World Cup.
The Bethesda, Maryland-based real estate investment trust (REIT), which owns a portfolio of luxury and upscale hotels, said continued spending by affluent travellers on premium hospitality experiences helped improve its business performance. The company also benefited from steady demand for group bookings, along with increased domestic and international travel linked to the FIFA World Cup.
Reflecting the stronger performance, Host Hotels now expects its 2026 adjusted FFO, a key financial measure used to evaluate REIT performance, to be in the range of USD 2.15 to USD 2.18 per share, compared with its earlier guidance of USD 2.10 to USD 2.16 per share.
The company also revised its full-year room revenue growth forecast upward. It now expects total room revenue to increase by 4.75% to 5.25% during 2026, compared with its previous projection of 3.5% to 5% growth.
For the second quarter ended in June, Host Hotels reported adjusted FFO of USD 0.63 per share, slightly ahead of analysts' average estimate of USD 0.62 per share, according to data compiled by LSEG. The company also posted quarterly revenue of USD 1.64 billion, surpassing Wall Street estimates of USD 1.61 billion.
Host Hotels & Resorts is among the largest lodging REITs in the United States and owns premium hotel assets operated under leading global hospitality brands. The company has continued to benefit from the recovery in business and leisure travel over the past few years, with luxury hotels outperforming many other accommodation segments as high-income travellers maintain spending despite broader economic uncertainties.
Source Reuters
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