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Dec 31, 2024
Host Hotels Q4 2024 Earnings Report
Host Hotels & Resorts, Inc. reported its Q4 2024 earnings with a 7.9% increase in revenues and a decrease in net income.
Key Takeaways
Host Hotels & Resorts, Inc. announced its fourth quarter and full year 2024 results, with Q4 revenues increasing by 7.9% to $1,428 million. However, net income for the quarter decreased by 18.7% to $109 million. Full year comparable hotel Total RevPAR grew by 2.1%.
Revenues for Q4 2024 increased by 7.9% to $1,428 million compared to Q4 2023.
Net income for Q4 2024 decreased by 18.7% to $109 million compared to Q4 2023.
Diluted earnings per common share for Q4 2024 were $0.15, a 21.1% decrease from Q4 2023.
Comparable hotel Total RevPAR increased by 3.3% in Q4 2024 compared to Q4 2023.
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. Operations Revenue
CapyFin.comIntl. Operations Revenue
CapyFin.com Forward Guidance
Host Hotels & Resorts anticipates a stable operating environment in 2025 with continued improvement in group business, gradual recovery in business transient, steady leisure demand, and improving demand on Maui. Operating profit margin and comparable hotel EBITDA margin are expected to decline due to growth in wages, real estate taxes, and insurance, as well as continued impacts from Maui wildfires and decreased business interruption proceeds.
Positive Outlook
- Continued improvement in group business is expected.
- Gradual recovery in business transient is anticipated.
- Steady leisure demand is projected.
- Improving demand on Maui as the island recovers from wildfires.
- Anticipated mid-single digit RevPAR growth in Q1 2025, with January comparable hotel RevPAR growth up 9.5% over 2024.
Challenges Ahead
- Operating profit margin is expected to decline compared to 2024.
- Comparable hotel EBITDA margin is expected to decline compared to 2024.
- Growth in wages is anticipated to negatively impact margins.
- Increases in real estate taxes and insurance are expected to impact profitability.
- Continued impacts from the Maui wildfires and a decrease in business interruption proceeds will affect results.