财务数据和关键指标变化 - 公司在第一季度交付了4.83亿美元的调整后EBITDA和每股0.60美元的调整后FFO,其中包括1000万美元的伊恩飓风商业中断赔付 [7] - 剔除商业中断赔付,公司的调整后EBITDA和调整后FFO同比分别增长7%和8% [7] - 公司的可比酒店总RevPAR同比增长50个基点,突出了客房外收入的持续强劲,而可比酒店RevPAR下降1.2% [8] 各条业务线数据和关键指标变化 - 集团客房收入可用客房收入同比增长4%,主要由客房间夜数驱动 [14] - 公司在2024年为全年预订了360万间集团客房夜,同比增长7% [15] - 商务客房可用客房收入同比增长5%,受客房间夜数和房价双驱动 [16] - 休闲客房在公司3家毛伊岛度假酒店的房价同比2019年上涨52% [16] 各个市场数据和关键指标变化 - 毛伊岛的RevPAR同比下降对公司第一季度组合RevPAR产生了170个基点的实际拖累,但如果没有山火影响,预计毛伊岛将为第一季度组合RevPAR增长贡献140个基点,因此山火的总体影响为310个基点 [9][10] - 佛罗里达、亚利桑那和加利福尼亚的异常天气以及纳什维尔辛格海滨度假村的未预期装修延迟也对RevPAR产生了影响 [11] 公司战略和发展方向及行业竞争 - 公司在2018年以来以13.5倍EBITDA的价格收购了40亿美元的资产,并以17倍EBITDA的价格出售了50亿美元的资产,包括9.76亿美元的预计节省资本支出,这种积极的资本再循环使公司的调整后EBITDA和股息超过了2019年全年水平 [30] - 公司认为纳什维尔市场未来发展前景良好,该市场是美国第二大会议目的地,会议中心的预订量持续创新高 [25][26] - 公司认为新增供给主要集中在选择性服务细分市场,而高端全服务酒店的新增供给可能需要3-4年才会出现 [69] 管理层对经营环境和未来前景的评论 - 公司预计2024年可比酒店RevPAR增长2%-4%,可比酒店EBITDA利润率同比下降80-30个基点,中值为下降50个基点 [50] - 公司预计上半年可比酒店RevPAR增长将持平或低个位数,下半年将实现中个位数增长,得益于强劲的集团业务预订进度、相比2023年下半年的装修扰动减少,以及毛伊岛山火影响的逐步消退 [54] - 公司认为消费者,特别是高端消费者,仍然健康,仍然优先考虑体验而非商品,不会看到大幅回调 [98][99] - 公司认为国际入境与出境的失衡将需要更长时间才能得到修复,主要受签证等因素的影响 [101][102] 问答环节重要的提问和回答 问题1 **Michael Bellisario 提问** 询问公司收购纳什维尔资产的时间线、资本成本和估值的变化 [63] **Jim Risoleo 回答** 详细解释了公司多年来关注纳什维尔市场的原因,以及最终决定收购该资产的考虑因素,包括市场前景、资产质量、交易定价等 [64][65][66][67][68][69] 问题2 **Shaun Kelley 提问** 询问公司在第一季度观察到的短期休闲客房需求疲软的具体情况 [74] **Sourav Ghosh 回答** 解释了公司在3月份开始观察到短期休闲客房需求放缓的情况,但房价仍保持强劲,并预计第二季度表现将持平,第三季度及以后将恢复增长 [75][76][77][78] 问题3 **Smedes Rose 提问** 询问公司调整2024年EBITDA指引的具体原因和构成 [86] **Sourav Ghosh 回答** 详细解释了从之前指引到现在指引的变化,包括可比酒店业务、商业中断赔付、新收购资产等因素的影响 [87][88][89]

Host Hotels & Resorts, Inc. (HST) reported first-quarter adjusted funds from operations (AFFO) per share of 60 cents, surpassing the Zacks Consensus Estimate of 54 cents. Moreover, the figure increased 9.1% from the prior-year quarter.Results reflect year-over-year rise in revenues. However, comparable hotel RevPAR and EBITDA fell in the quarters. The lodging real estate investment trust also raised the 2024 outlook for AFFO per share.Host Hotels generated total revenues of $1.47 billion, beating the Zacks ...

Host Hotels & Resorts, Inc.’s (HST) first-quarter 2024 adjusted funds from operations (AFFO) per share of 60 cents outpaced the Zacks Consensus Estimate of 54 cents. Total revenues of $1.47 billion beat the Zacks Consensus Estimate of $1.43 billion.On a year-over-year basis, AFFO per share reported a 9.1% increase, while the top line rose 6.5%.  Increase in Room & F&B Revenues Boosts Total RevenuesHST’s room revenues grew 4% year over year to $853 million in the first quarter of 2024. The figure was ahead o ...

Host Hotels (HST) reported $1.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.5%. EPS of $0.60 for the same period compares to $0.40 a year ago.The reported revenue represents a surprise of +3.11% over the Zacks Consensus Estimate of $1.43 billion. With the consensus EPS estimate being $0.54, the EPS surprise was +11.11%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Exhibit 99.1 SOURAV GHOSH JAIME MARCUS Chief Financial Officer Investor Relations (240) 744-5267 (240) 744-5117 ir@hosthotels.com Host Hotels & Resorts, Inc. Reports Results for the First Quarter 2024 Acquired 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown BETHESDA, MD; May 1, 2024 – Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for first quarter of 2024. OPERATING RESULTS (unaudited, ...

BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ:HST) (the "Company"), the nation's largest lodging real estate investment trust ("REIT"), today announced results for first quarter of 2024. OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics)   Quarter ended March 31,     2024   2023  Percent Change Revenues $1,471  $1,381  6.5%Comparable hotel revenues⁽¹⁾  1,398   1,375  1.7%Comparable hotel Total RevPAR⁽¹⁾  369.58   367.56  0.5%Comparable hote ...

Host Hotels & Resorts, Inc. (HST) is scheduled to release first-quarter 2024 earnings results on May 5, after market close. While the quarterly results are likely to display year-over-year growth in revenues, funds from operations (FFO) per share may decline.In the previous quarter, the Bethesda, MD-based lodging real estate investment trust (REIT) met the Zacks Consensus Estimate in terms of adjusted FFO per share. Results reflected higher revenues, driven by year-over-year occupancy growth.Over the traili ...

Wall Street analysts expect Host Hotels (HST) to post quarterly earnings of $0.54 per share in its upcoming report, which indicates a year-over-year decline of 1.8%. Revenues are expected to be $1.43 billion, up 3.3% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. ...

Zacks Premium - Zacks Premium提供了多种方式帮助投资者更加聪明和自信地投资[1] Zacks Style Scores - Zacks Style Scores是一种辅助指标，根据价值、增长和动量特征对股票进行评级，帮助投资者选择未来30天内市场表现最佳的股票[3] VGM Score - VGM Score是所有Style Scores的组合，是与Zacks Rank一起使用的重要指标，评估股票的价值、增长预测和动量[8] Zacks Rank - Zacks Rank是一种专有的股票评级模型，利用盈利预期修订来帮助投资者构建成功的投资组合[9] 盈利预期修订 - 股票的盈利预期修订方向是选择购买股票时的关键因素，与Zacks Rank一起使用[13] 股票选择策略 - 选择具有Zacks Rank 1或2且具有A或B评分的股票，可以获得最高成功概率[12] - 拥有1或2 Rank和A或B评分的股票越多，越好，因为这些股票具有更好的盈利预期[14] Host Hotels & Resorts Inc. (HST) - Host Hotels & Resorts Inc. (HST)是一家领先的酒店房地产投资信托公司，拥有S&P 500指数公司地位，具有Zacks Rank 2和VGM Score B[15] - HST具有B的价值风格评分，具有吸引人的估值指标，值得价值投资者关注[16] - HST在过去60天内有8位分析师上调了2024财年的盈利预期，Zacks Consensus Estimate上调至每股1.97美元，具有稳做的Zacks Rank和顶级的价值和VGM Style Scores[17]

Thomas Barwick The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. - Warren Buffett In general, we do not like the travel industry, particularly the airlines (JETS), which Warren Buffett has even warned can be bad for your investment health. More generally, we are also not big fans of the travel sector as ...