Largest U.S. Hotel REIT Lowers Guidance In Anticipation Of `Mild Slowdown`

Host Hotels & Resorts, the largest publicly traded hotel landlord, is girding itself for a slower-than-expected summer travel season.

The Bethesda, Maryland-based REIT now expects its total revenue per available room to grow by between 0.7% and 2.7% this year, down from its guidance of 1%-3% growth issued three months ago, it said in its first-quarter earnings report Thursday.

It attributed the lowered guidance to “moderating” volume in leads for group bookings.

Host, which owns more than 43,000 hotel rooms across 81 hotels, the vast majority of which are in the U.S., surpassed Wall Street expectations for revenue and earnings in the first quarter, and its stock price was up more than 3% as of Thursday afternoon.

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RSK: Madison might be okay if this happens as well as Milwaukee. They are both sports orientated metros among other things. Wisconsin Dells may suffer a bit but nothing drastic.