Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Continued Strength in Group Business
* Q1 2024
O O O
Highlights
Group business continued to show
meaningful improvements
+4%
Group room RevPAR increase over Q1 2023 driven
by an increase in both room nights and ADR
+4%
Group room night increase over Q1 2023
+5%
Banquet and AV revenue increase over Q1 2023,
resulting in an all-time high banquet contribution
2024
Booking Pace
3.6M
Definite group room nights on the books for
2024, a 17% increase since Q4 2023 (1,2)
Total group revenue pace is up 7% to same-time
last year driven by ADR, room nights, and
banquets
Encouraged by strong pace, lengthening booking
windows, and double-digit citywide room night
pace in key markets
Citywides
>10%
The 2024 citywide calendar continues to improve,
particularly in 5 key markets where citywides drive
group bookings at our hotels. (1,2)
Citywide group room night pace with double-digit
growth ahead of same-time last year include:
Nashville
New Orleans
San Antonio
▸ Seattle
Washington DC
Group room nights booked are subject to cancellation, as has occurred during the pandemic, and there can be no assurances as to the actual group room nights achieved in future periods. See slide 2 (Forward Looking Statements)
for factors that may affect lodging demand.
1)
2)
As of March 31, 2024.
2024 Host Hotels & Resorts, Inc.
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