NASDAQ$HST
Host Hotels & Resorts Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Host Hotels' Q4 2021 earnings were reported, showing strong sequential operating improvements and strategic capital allocation through acquisitions and dispositions.
Host Hotels & Resorts reported a strong finish to 2021, with RevPAR increasing by 13% over the prior quarter to $148.46. The company executed its capital allocation strategy by acquiring $1.6 billion in assets and disposing of $1 billion since the start of 2021. A quarterly dividend of $0.03 per share was reinstated, reflecting optimism about the future of travel.
- RevPAR reached $148.46 in Q4 2021, a 13% increase from the previous quarter.
- Net income was $323 million in Q4 2021, driven by a $302 million gain from asset sales and improved operations.
- The company acquired The Alida, Savannah and the Hotel Van Zandt in Austin, adding to $1.6 billion in acquisitions for 2021.
- Host Hotels disposed of seven hotels for nearly $1 billion during the quarter and subsequent to year end.
Headline financials
Revenue & EPS history
Host Hotels · Revenue · Quarterly
$998M
Revenue by segment
Host Hotels · $1.21B total across 3 segments · Q3 2023
- Rooms$777M+4.2%64.0%
- Food and beverage$328M-0.6%27.0%
- Other$109M-3.5%9.0%
Forward guidance
Due to global economic uncertainty created by COVID-19, Host Hotels cannot provide specific guidance for its operations. January 2022 operations were negatively affected by the Omicron variant, but February trends indicate a return to the positive trajectory experienced in the second half of 2021.
Tailwinds
- Continued recovery within the lodging industry is expected to be driven by the strength of the economy.
- Increased consumer confidence that the risks associated with travelling and contracting COVID-19 have been significantly reduced is anticipated.
- Return of business and group customers is expected to contribute to recovery.
- Trends in February indicate a return to the positive trajectory of recovery experienced in the second half of 2021.
- Company maintains a robust balance sheet.
Headwinds
- Global economic uncertainty created by COVID-19 impacts the travel, airline, lodging, tourism, and event industries.
- Operations in January 2022 declined compared to the fourth quarter results due to the increase in COVID-19 cases from the Omicron variant.
- The company cannot fully estimate the effect of COVID-19 or its variants on its operations.
- Company is not providing guidance on operations at this time.
- Global economic uncertainty created by COVID-19 impacts the travel, airline, lodging, tourism, and event industries.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
-0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.7%
Avg return
30 days after
51%
36 / 71 earnings
Positive
+8.3%
Q1 2023
Best reaction
-9.9%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.2% | -0.7% | +13.7% | |
| Q4 2025 | -0.5% | -1.8% | -8.2% | |
| Q3 2025 | +6.7% | +10.7% | +6.5% | |
| Q1 2025 | +2.9% | +2.5% | +9.7% | |
| Q4 2024 | -1.9% | -6.2% | -14.0% | |
| Q3 2024 | +2.0% | +2.3% | +6.5% | |
| Q2 2024 | -5.9% | -10.6% | -0.6% | |
| Q1 2024 | -2.2% | -0.5% | -4.9% | |
| Q4 2023 | +5.1% | +2.0% | +6.1% | |
| Q3 2023 | +5.3% | +7.7% | +14.5% | |
| Q2 2023 | -8.6% | -8.7% | -14.0% | |
| Q1 2023 | +8.3% | +9.0% | +10.1% | |
| Q4 2022 | -6.4% | -8.6% | -17.2% | |
| Q3 2022 | -9.9% | -9.0% | -1.5% | |
| Q2 2022 | +2.2% | +4.7% | -0.2% | |
| Q1 2022 | -0.7% | -3.9% | +3.4% | |
| Q4 2021 | +3.1% | +2.1% | +1.7% | |
| Q3 2021 | +3.2% | +5.8% | -11.1% | |
| Q2 2021 | -4.1% | +2.2% | +4.5% | |
| Q1 2021 | -3.0% | -2.7% | -3.5% | |
| Q4 2020 | +6.9% | +5.9% | +13.8% | |
| Q3 2020 | -4.0% | +19.9% | +37.5% | |
| Q2 2020 | -2.2% | -1.0% | +6.1% | |
| Q1 2020 | +5.0% | -6.6% | +33.0% | |
| Q4 2019 | +2.0% | -2.5% | -36.9% | |
| Q3 2019 | +1.8% | +0.2% | +3.4% | |
| Q2 2019 | +0.1% | +0.2% | +0.7% | |
| Q1 2019 | +1.9% | +3.3% | -5.9% | |
| Q4 2018 | +5.6% | +8.0% | +2.7% | |
| Q3 2018 | -2.3% | -3.2% | -0.6% | |
| Q2 2018 | -5.0% | -6.3% | -1.7% | |
| Q1 2018 | -0.5% | +3.0% | +12.2% | |
| Q4 2017 | -2.1% | -2.6% | -7.8% | |
| Q3 2017 | -0.5% | +1.2% | -0.3% | |
| Q2 2017 | +1.3% | +1.2% | -4.0% | |
| Q1 2017 | -6.2% | -5.4% | -6.1% | |
| Q4 2016 | -3.5% | -2.6% | -3.4% | |
| Q3 2016 | -2.8% | +2.9% | +16.3% | |
| Q2 2016 | +3.5% | +1.6% | +3.9% | |
| Q1 2016 | +1.2% | — | — | |
| Q4 2015 | +3.2% | — | — | |
| Q3 2015 | +4.6% | — | — | |
| Q2 2015 | -5.1% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | -7.5% | — | — | |
| Q3 2014 | +1.2% | — | — | |
| Q2 2014 | -4.2% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | -0.8% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -5.7% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | +4.3% | — | — | |
| Q2 2011 | -0.6% | — | — | |
| Q1 2011 | -4.1% | — | — | |
| Q4 2010 | +1.8% | — | — | |
| Q3 2010 | +2.0% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2010 | +0.7% | — | — | |
| Q4 2007 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q3 2009 | -2.3% | — | — | |
| Q3 2008 | -2.3% | — | — | |
| Q2 2008 | -3.9% | — | — | |
| Q4 2008 | -3.9% | — | — | |
| Q2 2009 | -3.9% | — | — |
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