Loading...
•
Mar 31, 2021
Host Hotels Q1 2021 Earnings Report
Returned to profitability at the hotel level and acquired the Four Seasons Resort Orlando at Walt Disney World® Resort.
Key Takeaways
Host Hotels & Resorts, Inc. reported a GAAP net loss of $153 million for Q1 2021, but achieved positive Adjusted EBITDAre of $3 million. The company acquired the Hyatt Regency Austin and Four Seasons Resort Orlando, and saw RevPAR improve due to strong leisure demand.
GAAP net loss of $153 million in the first quarter of 2021.
Achieved positive All Owned Hotel Pro Forma EBITDA of $21 million in the first quarter of 2021.
Acquired the fee-simple interest in the 448-room Hyatt Regency Austin for $161 million.
Ended the quarter with total available liquidity of approximately $2.1 billion, including FF&E escrow reserves of $131 million.
Revenue by Segment
Forward Guidance
Due to global economic uncertainty, the Company cannot provide guidance for its operations or fully estimate the effect of COVID-19 and the current U.S. vaccination deployment on its operations.
Positive Outlook
- Recovery within the lodging industry will be driven by increased confidence.
- Confidence that the risks associated with travelling and contracting COVID-19 have been significantly reduced through vaccine deployment
- Lifting of government restrictions.
Challenges Ahead
- Global economic uncertainty.
- COVID-19 has created uncertainty for the travel industry
- COVID-19 has created uncertainty for the airline industry
- COVID-19 has created uncertainty for the lodging industry
- COVID-19 has created uncertainty for the tourism and event industries
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...