Host Hotels & Resorts, Inc. · HST · FY2025 Q2 · Calendar Q3 2025

Host Hotels raises RevPAR outlook as Maui recovery strengthens

The current analysis supports a cautiously constructive operating trajectory: resilient leisure demand, Maui recovery, renovations, and raised RevPAR guidance provide evidence for continued earnings support. The case is not unqualified because wage inflation, softer group demand, travel constraints, and uncertain insurance proceeds could limit margin and cash-flow improvement.

Reported After market closeNASDAQReal Estate $15.23B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.58 Consensus $0.51
EPS surprise +13.7% Reported versus consensus
Reported revenue $1.59B Consensus $1.32B
Revenue surprise +20.4% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -2.5% Event window
SPY move -0.4% Same window
Abnormal move -2.2% Stock minus SPY
Volume 3.0× Versus trailing sessions
Subsequent drift +10.0% Up to 20 sessions
HSTSPY benchmark

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What changed

The tone and outlook improved from the prior-quarter analysis. Management moved from maintained to raised RevPAR guidance, with Maui showing stronger recovery and a higher projected EBITDA contribution, while wage inflation and group-demand uncertainty remained important constraints.

Guidance delta

Raised for 2025 comparable and total RevPAR, versus maintained guidance in the prior-quarter analysis.

Key takeaways

  • Management described Q2 performance as a modest EBITDA and FFO growth quarter, with strong leisure transient demand.
  • Maui recovery was a key positive: management reported 19% RevPAR growth and stronger ancillary spending.
  • The company raised 2025 comparable and total RevPAR guidance while planning continued renovations and capital investment.
  • Wage and benefit costs were up 6% year over year, leaving a clear margin-pressure counterpoint.

Management priorities

  • Complete the remaining phases of the Hyatt Transformational Capital Program by early 2027.
  • Advance Don CeSar renovations, the Four Seasons Orlando condo development, and other planned capital projects.
  • Support demand through Hawaii tourism marketing and targeted food-and-beverage concepts.

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Earnings History

Estimate Beat Miss Match
HST REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $1B Q4 '23 actual $1B, beat Q1 '24 estimate $1B Q1 '24 actual $1B, beat Q2 '24 estimate $1B Q2 '24 actual $1B, match Q3 '24 estimate $1B Q3 '24 actual $1B, beat Q2 '25 estimate $1B Q2 '25 actual $2B, beat Q3 '25 estimate $1B Q3 '25 actual $1B, miss Q4 '25 estimate $1B Q4 '25 actual $2B, beat Q1 '26 estimate $2B Q1 '26 actual $2B, beat Q2 '26 estimate $2B Q2 '26 actual $2B, beat Q3 '26 estimate $1B Q4 '26 estimate $2B Q1 '27 estimate $2B
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Analyst Consensus ?

ConsensusBuy43 ratings
Bullish2455.8%
Neutral1739.5%
Bearish24.7%

Analyst 52W Price Targets

$22.48Current
$18Low
$22.16Average
$27High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 8, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Truist Securities Buy BuyMaintainSep 10, 2026
Cantor Fitzgerald Neutral NeutralMaintainAug 11, 2026
Evercore ISI Group In Line In LineMaintainJul 28, 2026
Wells Fargo Overweight OverweightMaintainJul 23, 2026
JP Morgan Neutral NeutralMaintainJul 21, 2026
Show 38 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $22.48. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Truist FinancialAnalyst unavailable$27$22.12 +20.1%Sep 10, 2026
Wells FargoAnalyst unavailable$26$24.5 +15.7%Jul 23, 2026
Argus ResearchMarie Ferguson$27$24.9 +20.1%Jun 17, 2026
BMO CapitalAnalyst unavailable$27$24.78 +20.1%Jun 12, 2026
Raymond JamesAnalyst unavailable$27$24.62 +20.1%Jun 8, 2026
See 37 more

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Company context

Snapshot as of publication

Host Hotels & Resorts, Inc., a distinguished member of the S&P 500 index, stands as the world's foremost lodging real estate investment trust (REIT) and a leading proprietor of luxury and upper-upscale hotel properties. The company boasts an extensive portfolio comprising roughly 46,100 rooms distributed among 74 locations across the United States and five international sites. Beyond these owned assets, it also holds non-controlling stakes in seven joint ventures—six domestically and one internationally. The firm's operational approach is characterized by a stringent capital allocation methodology and robust asset management tactics. It collaborates with a broad array of esteemed hospitality brands, including Marriott, Ritz-Carlton, Westin, Sheraton, W, St. Regis, The Luxury Collection, Hyatt, Fairmont, Hilton, Swissôtel, ibis, and Novotel, in addition to various independent hotel labels.

Historical context

All HST earnings

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
  3. Polygon adjusted daily market bars · 2026-10-08T15:10:45.452648+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-08T15:10:45.449862+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-08. For educational purposes only; not investment advice.