The lodging REIT raised its 2026 RevPAR growth forecast by 125 basis points following a 7% quarterly increase.
Host Hotels & Resorts raised its full-year RevPAR growth guidance to 4.75%-5.25% after reporting a 7% increase to $251.53 in Q2. The upgrade reflects strong luxury demand and high-profile events, including the World Cup, which added 160 basis points to growth.
Transient revenue rose 6.9% to $559 million, the highest in seven quarters, while group room revenue climbed 7.4% to $332 million. RevPAR in World Cup host markets surged 15% in June, outpacing the 12% gain elsewhere. Maui’s recovery also contributed, with RevPAR up 14% and occupancy rising over 8 percentage points.
The company’s $2.1 billion renovation program, targeting 34 properties, is expected to drive 60% of hotel EBITDA by 2026. Stabilized properties have already gained 9 points of RevPAR index share on average.