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Host Hotels & Resorts | 10-Q: Q2 2024 Earnings Report

Host Hotels & Resorts | 10-Q: Q2 2024 Earnings Report

美國豪斯特酒店 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/03 03:09

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Host Hotels & Resorts reported Q2 2024 total revenues increased 5.2% to $1.47 billion, while net income rose 13.1% to $242 million. The growth was driven by the reopening of The Ritz-Carlton Naples and the April acquisition of two Nashville properties. Operating profit margin improved 200 basis points to 19.9%, benefiting from insurance gains.Group revenue grew 7.7% on a 2.8% increase in room nights and 4.8% higher average rates, as convention and downtown properties showed continued improvement. However, this was partially offset by a 5.0% decline in transient revenue due to impacts from the Maui wildfires and moderating leisure demand. Comparable hotel RevPAR increased marginally by 0.1% while Total RevPAR rose 0.5%.During the quarter, the company issued $600 million in senior notes and completed strategic acquisitions totaling $530 million. The outlook remains cautious with minimal year-over-year RevPAR growth expected in H2 2024 due to slower recovery in Maui and moderating domestic leisure demand. Management projects full-year 2024 comparable hotel RevPAR change between -1.0% and +1.0%.
Host Hotels & Resorts reported Q2 2024 total revenues increased 5.2% to $1.47 billion, while net income rose 13.1% to $242 million. The growth was driven by the reopening of The Ritz-Carlton Naples and the April acquisition of two Nashville properties. Operating profit margin improved 200 basis points to 19.9%, benefiting from insurance gains.Group revenue grew 7.7% on a 2.8% increase in room nights and 4.8% higher average rates, as convention and downtown properties showed continued improvement. However, this was partially offset by a 5.0% decline in transient revenue due to impacts from the Maui wildfires and moderating leisure demand. Comparable hotel RevPAR increased marginally by 0.1% while Total RevPAR rose 0.5%.During the quarter, the company issued $600 million in senior notes and completed strategic acquisitions totaling $530 million. The outlook remains cautious with minimal year-over-year RevPAR growth expected in H2 2024 due to slower recovery in Maui and moderating domestic leisure demand. Management projects full-year 2024 comparable hotel RevPAR change between -1.0% and +1.0%.
美國豪斯特酒店報告稱,2024年第二季度總營業收入增長了5.2%,達到14.7億,而凈利潤增長了13.1%,達24200萬。增長主要得益於納普爾斯麗思卡爾頓酒店的重新開放以及四月份對兩處納什維爾物業的收購。營業利潤率提高了200個點子,達到了19.9%,受益於保險收益。集團營業收入增長了7.7%,房晚增加了2.8%,平均房價上升了4.8%,因會議和市中心物業持續改善。然而,由於毛伊島山火的影響和休閒需求的減弱,短期營業收入下降了5.0%對此影響有所抵消。可比酒店的每間房收入輕微增加了0.1%,而總體每間房收入增長了0.5%。在本季度,公司發行了60000萬的高級票據,並完成了總計53000萬的戰略收購。展望未來,由於毛伊島的復甦緩慢和國內休閒需求的減弱,預計2024年下半年的每間房收入年增長幅度將保持謹慎,幾乎不會增長。管理層預計2024年全年可比酒店每間房收入變化將在-1.0%至+1.0%之間。
美國豪斯特酒店報告稱,2024年第二季度總營業收入增長了5.2%,達到14.7億,而凈利潤增長了13.1%,達24200萬。增長主要得益於納普爾斯麗思卡爾頓酒店的重新開放以及四月份對兩處納什維爾物業的收購。營業利潤率提高了200個點子,達到了19.9%,受益於保險收益。集團營業收入增長了7.7%,房晚增加了2.8%,平均房價上升了4.8%,因會議和市中心物業持續改善。然而,由於毛伊島山火的影響和休閒需求的減弱,短期營業收入下降了5.0%對此影響有所抵消。可比酒店的每間房收入輕微增加了0.1%,而總體每間房收入增長了0.5%。在本季度,公司發行了60000萬的高級票據,並完成了總計53000萬的戰略收購。展望未來,由於毛伊島的復甦緩慢和國內休閒需求的減弱,預計2024年下半年的每間房收入年增長幅度將保持謹慎,幾乎不會增長。管理層預計2024年全年可比酒店每間房收入變化將在-1.0%至+1.0%之間。
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