Bethesda, MD-based Host Hotels & Resorts Inc. recently revealed its Q1 results, and according to analyst BTIG, the company’s growth rate is expanding as improving fundamentals in the lodging industry are producing stronger internal growth.
Host Hotels president and CEO, James Risoleo, said that he is pleased to meaningfully increase the company’s full-year guidance due to operating results that exceeded the REIT’s expectations for the first quarter. “The 50 basis point increase to the mid-point of our RevPAR guidance is expected to drive margin growth and reflects both the strong start to 2018 and our improved outlook on business and leisure travel for the remainder of the year.”
He adds that “these top and bottom line improvements continue to be a result of Host’s irreplaceable portfolio of iconic assets combined with our tremendous scale and platform that we employ to drive operational efficiencies.”
The analyst from BTIG also pointed out that the REIT’s new management team “has proven to be more aggressive deal makers as they acquire better-quality assets while disposing of assets with more limited growth potential.”