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Sep 30
Host Hotels Q3 2025 Earnings Report
Host Hotels reported solid Q3 2025 results with improved earnings and revenue gains driven by strong performance in key urban markets.
Key Takeaways
Host Hotels delivered strong Q3 2025 results, with net income more than doubling year-over-year. Increased travel demand in New York, San Diego, and Boston helped boost total revenue and profitability. International performance also improved modestly. Despite some weakness in select Florida markets, overall performance showed resilience and effective cost management.
Total revenue reached $1,331,300,000, up from $1,319,000,000 in Q3 2024.
Net income rose significantly to $162,600,000 from $83,800,000 in Q3 2024.
Adjusted EBITDA for Q3 2025 was $428,300,000, compared to $345,900,000 in Q3 2024.
Strong comparable hotel performance in New York, San Diego, and Boston offset softness in Florida markets.
Host Hotels
Host Hotels
Host Hotels Revenue by Segment
Host Hotels Revenue by Geographic Location
Revenue by Segment
Room Revenue
CapyFin.comRevenue by Geographic Location
U.S. Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Host expects modest growth in RevPAR and adjusted EBITDA for the full year 2025, supported by continued recovery in business travel and international markets. However, margin pressures from inflation and uneven recovery in some regions remain risks.
Positive Outlook
- Expected 3.0% increase in comparable hotel RevPAR for FY2025.
- Anticipated $16M contribution from condominium unit sales.
- Continued recovery expected at Maui and Florida Gulf Coast properties.
- Strong urban market performance supports full-year outlook.
- Stable group business recovery aiding occupancy improvements.
Challenges Ahead
- Comparable hotel EBITDA margins expected to decline ~50 bps YoY.
- No assumed gains from hurricane insurance settlements due to timing uncertainty.
- Food & Beverage profit margins forecasted to decrease.
- Challenged performance persists in Austin and parts of Florida.
- Uncertainty around full recovery timing for Maui market.