2023-08-03 17:45:35 ET
- Host Hotels & Resorts press release ( NASDAQ: HST ): Q2 FFO of $0.53 beats by $0.17 .
- Revenue of $1.39B (+0.7% Y/Y) beats by $150M .
- Outlook: Based on performance in the first half of the year and the macroeconomic backdrop for the second half, the Company tightened its full year comparable hotel RevPAR guidance range to 7.0% to 9.0% growth over 2022, bringing the midpoint of its full year expected RevPAR growth to 8%. At the midpoint of guidance, the Company’s full year 2023 expected RevPAR is forecast to be 5.6% above 2019.
- In the second half of the year, the Company expects year-over-year comparable hotel RevPAR percentage changes to be up low-single digits at the midpoint of guidance.
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Host Hotels & Resorts FFO of $0.53 beats by $0.17, revenue of $1.39B beats by $150M