Host Hotels & Resorts forecasts 2024 revenue above estimates on business travel recovery [Reuters]
Host Hotels & Resorts, Inc. (HST)
Last host hotels & resorts, inc. earnings: 2/19 04:31 pm
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Source: Reuters
to be higher than Wall Street estimates, anticipating a continued recovery in demand for business travel. U.S. travel companies have been benefiting from increased demand, primarily from small- and medium-sized enterprises. Host Hotels & Resorts, which owns about 72 properties in the U.S. and five internationally, expects a full-year 2024 revenue between $5.59 billion and $5.74 billion, compared with expectations of $5.49 billion, according to LSEG data. It expects 2024 adjusted funds from operations (FFO) to be between $1.92 and $2.04 per share. Analysts expected an adjusted FFO of $1.94 apiece. The Bethesda, Maryland-based company reported a fourth-quarter adjusted FFO of 44 cents per share, in line with analysts' expectations. Total quarterly revenue increased by about 5% to $1.32 billion, above analysts' expectations of $1.29 billion. Reporting by Aishwarya Jain and Kannaki Deka in Bengaluru; Editing by Alan Barona Our Standards: The Thomson Reuters Trust Principles.
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HST
Earnings
- 5/1/24 - Beat
HST
Sec Filings
- 5/1/24 - Form 8-K
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- HST's page on the SEC website