Maui resorts drove almost half of transient room revenue growth in fourth quarter
By just about every metric, 2024 was a banner year for Host Hotels & Resorts.
During the hotel real estate investment trust’s fourth-quarter and full-year earnings call, company executives pointed to its $1.5 billion in hotel acquisitions last year, performance coming in above guidance and improving demand at its Maui resorts.
Revenue per available room growth during the fourth quarter was better than expected, driven by 3% rate growth, Host President and CEO Jim Risoleo said. Transient revenue drove the outperformance during the quarter, growing 8% — its highest improvement in the past six quarters.
Maui, New York and Oahu drove leisure revenue growth thanks to their strong festive seasons, he said...
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RSK: People want to travel and take vacations...it should be a good year for resort and vacation hotels.
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- - Volume: 25 - WEEK: 9 Date: 2/25/2025 11:48:00 AM -