Host Hotels & Resorts Rallies with Maui’s Strong Comeback: A Bullish Signal for Hospitality?

Let me tell you, folks, Host Hotels & Resorts (HST) just delivered a Q1 report that’s got me buzzing. The company not only beat expectations but did so by leaning hard on one of its most challenged markets—Maui—turning what was once a liability into a 15.9% RevPAR surge. This isn’t just a recovery; it’s a sign that hospitality’s resilience is real. Let’s dig into the numbers and what they mean for investors.

First, the headline: Host’s comparable hotel RevPAR rose 7.0% in Q1, driven in large part by Maui’s remarkable turnaround. The Hawaiian market’s RevPAR jumped to $513.04, up from $442.53 a year ago, with occupancy skyrocketing from 65.8% to 75.0%. That’s not just bouncing back; it’s outperforming pre-pandemic levels. The average room rate held steady at $683.78, a $1.11 increase from 2024—small in dollars, but mighty in signaling pricing power.

Now, here’s the kicker: Maui’s recovery isn’t just about tourism. CEO James Risoleo emphasized “improving leisure transient trends” and strong group demand. Translation? Families and travelers are booking direct, and corporate events are returning. That’s critical because transient business typically commands higher rates than groups, and Maui’s mix is shifting in the right direction.

But let’s not just focus on Maui. Host’s broader portfolio is firing on all cylinders. Markets like Washington, D.C., New York, and New Orleans all contributed to a 5.8% rise in Total RevPAR to $788.61. The company’s adjusted EBITDAre grew 5.1% to $514 million, proving that revenue gains aren’t just paper—they’re translating into profit.

Now, the skeptics will say, “But what about hurricanes and group demand?” Fair point. Host did note a dip in group lead volume for 2025, and Maui isn’t immune to external shocks—the company even cited hurricane-related costs at Florida’s Don CeSar. But here’s why I’m still bullish: Maui’s comeback shows that even markets hit by disasters can rebound if you’ve got the right properties and pricing discipline. Host’s focus on premium resorts in top destinations—like Wailea in Maui or The Ritz-Carlton in Washington, D.C.—gives it a moat against volatility.

The key takeaway? This isn’t just about one island. Host’s results validate a thesis I’ve been hammering: quality real estate in prime markets will outperform. With RevPAR guidance held steady at 0.5%–2.5% growth for 2025, despite macroeconomic headwinds, this company is proving it can navigate uncertainty.

So where’s the opportunity? Host’s stock is up 12% YTD, but that’s still below its all-time highs. If you believe leisure travel and corporate spending will stay strong—especially in destinations like Maui that offer “must-see” appeal—this could be a buying opportunity. Just keep an eye on the Fed’s rate decisions; higher borrowing costs could crimp hotel operators.

Bottom line: Maui’s recovery isn’t a fluke—it’s a blueprint. Host Hotels & Resorts is showing that with the right assets and pricing power, hospitality can thrive even in choppy waters. If you’re in it for the long haul, this looks like a buy, especially if shares dip below $20. But remember, as always: invest with discipline, and don’t let greed override common sense!

Final Analysis: Host Hotels’ Q1 beat, fueled by Maui’s 15.9% RevPAR surge and 75% occupancy, underscores its ability to capitalize on premium destinations. With EBITDAre up 5.1% and RevPAR guidance intact, the stock remains a play on hospitality resilience. While risks like rising rates linger, the company’s focus on top-tier properties positions it to outperform. For investors, this is a “hold and watch” name—buy dips, but stay alert to macro shifts.