Host Hotels & Resorts, Inc. (HST) Q3 2024 Earnings Call Transcript Summary
Host Hotels & Resorts, Inc. (HST) Q3 2024 Earnings Call Transcript Summary
Year-over-year total RevPAR growth outpaced RevPAR growth, driven by significant out-of-room revenue.The following is a summary of the Host Hotels & Resorts, Inc. (HST) Q3 2024 Earnings Call Transcript:
以下是Host Hotel & Resorts, Inc. (HST) Q3 2024業績會議記錄摘要:
Financial Performance:
財務表現：
Host Hotels & Resorts reported adjusted EBITDAre of $324 million and adjusted FFO per share of $0.36 for the third quarter.
Comparable hotel total RevPAR improved by 3.1%, while comparable hotel RevPAR was up 0.8%.
Year-over-year total RevPAR growth outpaced RevPAR growth, driven by significant out-of-room revenue.
Group room night revenue increased by 1% driven by rate, while leisure rates remained resilient and up approximately 50% compared to 2019.
The company repurchased 3.5 million shares of stock at an average price of $16.33 per share.
Host Hotel & Resorts報告第三季度的調整EBITDAre爲32400萬美元，每股調整後FFO爲0.36美元。
可比酒店總RevPAR增長了3.1％，而可比酒店RevPAR增長了0.8％。
與去年同期相比，總RevPAR增長超過RevPAR增長，主要受到房外營收的推動。
團體房間夜收入增長1%，主要受到價格的推動，而休閒價格保持強勁，較2019年增長約50%。
公司以每股平均價格16.33美元回購了350萬股股票。
Business Progress:
業務進展:
Host Hotels & Resorts has begun a 40-unit residential condo development at their Four Seasons Resort Orlando, with marketing efforts already underway and closings expected in Q4 2025.
The company has completed 24 transformational renovations since 2018 with average RevPAR index share gain exceeding targets.
Significant capital expenditures are planned, including investments in redevelopment, repositioning, ROI projects, and property damage reconstruction.
Host Hotels & Resorts已經在四季度度假勝地奧蘭多開始了一個40單元的住宅公寓開發項目，營銷工作已經展開，預計將在2025年第四季度完成交割。
公司自2018年以來已完成了24項改造性翻新項目，平均RevPAR指數份額增長超過目標。
計劃進行重大資本支出，包括在重新開發、重新定位、回報率項目和財產損壞重建方面的投資。
Opportunities:
機會：
Continued recovery in Maui and the promotion of tourism through the Ho'okipa marketing campaign are expected to bolster visitor numbers and RevPAR.
The company plans to leverage its investment grade balance sheet and geographically diversified portfolio to pursue further acquisitions of iconic real estate.
The development of residential units at the Four Seasons Resort Orlando and potential development at The Ritz-Carlton O'ahu, Turtle Bay offers additional revenue streams.
夏威夷茂宜島的持續復甦以及通過Ho'okipa營銷活動促進旅遊業，預計將增強遊客數量和RevPAR。
公司計劃利用其投資級別的資產負債表和地理多元化的投資組合，以追求進一步收購標誌性房地產。
在四季度度假勝地奧蘭多開發住宅單元，並有可能在瓦胡島麗思卡爾頓、海龜灣進行潛在開發，提供額外的營業收入流。
Risks:
風險：
The hurricanes Helene and Milton caused temporary closures of some properties and led to adjustments in financial projections, showing vulnerability to natural disasters.
The wildfires in Maui last year continue to impact the group segment recovery, with potential ongoing effects on future revenue.
颶風赫蓮和米爾頓導致一些房地產業暫時關閉，並導致財務預測調整，展示對自然災害的脆弱性。
去年毛伊島的山火繼續影響團體部門的復甦，可能會對未來營業收入產生持續影響。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
