Host Hotels forecasts 2026 comparable hotel RevPAR growth of 5% over 2025 midpoint
HST•Margin and profit targets
The forecast assumes comparable hotel EBITDA margin of 29.7% versus 29.2% in 2025, with operating profit margin seen at 15% versus 14%.
The midpoint forecast targets:
- Net income of $953 million
- EBITDA of $2 billion
- EBITDAre of $1.8 billion
- Adjusted EBITDAre of $1.83 billion
FFO and capital spending guidance
Guidance implies NAREIT FFO of $1.46 billion, adjusted FFO of $1.49 billion, and adjusted FFO per diluted share of $2.16 on 689 million diluted shares.
Capital spending is expected at $550 million to $630 million. The forecast assumes no acquisitions or additional dispositions, with condominium sales adding $16 million to $20 million.
