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Host Hotels & Resorts (HST) guidance and outlook
Host Hotels & Resorts (HST) raised its guidance on Nov 4, 2026: EBITDA $18.0M for FY2027; Revenue $6.2B for FY2026; Revenue +1.6% for FY2026; Operating margin 15.4% for FY2026. Host Hotels & Resorts' 10-Q filed Nov 6, 2026 makes 25 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | FY2027 | $18.0M | reaffirmed |
| Revenue | FY2026 | $6.2B | raised |
| Revenue | FY2026 | +1.6% | raised |
| Operating margin | FY2026 | 15.4% | raised |
| Operating margin | FY2026 | +140 bps | raised |
| EBITDA margin | FY2026 | 30% | raised |
| EBITDA margin | FY2026 | +80 bps | raised |
| Net income | FY2026 | $978M | raised |
| EBITDA | FY2026 | $1.9B | raised |
| EPS | FY2026 | $1.40 | raised |
| FFO per share | FY2026 | $2.17 | raised |
| FFO per share | FY2026 | $2.21 | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- • relationships with property managers and joint venture partners and our ability to realize the expected benefits of our joint ventures and other strategic relationships;
- • risks associated with our ability to execute our dividend policy, including factors such as investment activity, operating results and the economic outlook, any or all of which may influence the decision of our Board of Directors as to whether to pay future dividends at levels previously disclosed or to use available cash to pay special dividends.
- Additionally, our Austin market led the portfolio with an increase of 62.4%, primarily due to the impact of large-scale renovation projects recently completed and the associated renovation disruption in 2025, while also seeing stronger leisure and business travel demand.
- For the fourth quarter, we expect favorable group booking pace and sustained average rates to support continued strong performance and a continuation of the trends noted above.
- Overall hotel supply growth expectations remain below the historical average, although we continue to expect above-average growth in a limited number of markets where our hotels are located.
- We expect the lodging supply pipeline will remain relatively constrained until the cost of financing and construction eases.
- Based on the trends noted, we expect comparable hotel RevPAR growth for the full year 2026 will be approximately 6.75%.
- We expect year-over-year margin to increase compared to 2025, as rate improvements have been able to offset increases in wage expenses.
- Year-to-date through the third quarter of 2026, we spent approximately $174 million on return on investment ("ROI") capital projects, including the transformation programs discussed below, $213 million on renewal and replacement projects and $5 million on restoration work related to the Kona Low storm in Hawaii.
- We expect to invest approximately $125 million to $200 million per year on this program through 2027, for a total investment of approximately $525 million to $550 million.
- We expect to spend between $300 million and $350 million through 2029.
- In exchange, Marriott has provided enhanced owner priority returns on the agreed upon investments and operating profit guarantees of approximately $18 million, which is net of reductions for incentive management fees, to offset expected business disruption.
Host Hotels & Resorts' latest quarter
Host Hotels & Resorts, Q3 2026: revenue $1.3B (+1% year over year), operating margin 9.0%, net earnings $70.0M, operating cash flow $345M. The chart follows the revenue to costs, profit and cash.
Questions
Did Host Hotels & Resorts raise or lower its guidance?
Host Hotels & Resorts (HST) raised its guidance on Nov 4, 2026: EBITDA $18.0M for FY2027; Revenue $6.2B for FY2026; Revenue +1.6% for FY2026; Operating margin 15.4% for FY2026.
What does Host Hotels & Resorts expect?
• relationships with property managers and joint venture partners and our ability to realize the expected benefits of our joint ventures and other strategic relationships; • risks associated with our ability to execute our dividend policy, including factors such as investment activity, operating results and the economic outlook, any or all of which may influence the decision of our Board of Directors as to whether to pay future dividends at levels previously disclosed or to use available cash to pay special dividends. Additionally, our Austin market led the portfolio with an increase of 62.4%,
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.