Many publicly listed hotel companies changed their full-year RevPAR guidance following an unpredictable third quarter. Here’s a look at how companies changed their guidance throughout 2017.
REPORT FROM THE U.S.—The future is always hard to predict, but 2017 seems to have been a harder year to forecast than most for the hotel industry.
From quarter to quarter, impressions of the industry have swung wildly and macroevents like natural disasters have moved the needle with revenue-per-available-room projections.
At least 10 publicly traded hotel companies shifted their RevPAR projections for full-year 2017 at some point during the year, including seven that changed their guidance during the third-quarter earnings season, according to earnings releases and calls with investors.
Here’s a look at how and when those companies, which include heavyweights like Hilton, Marriott International and Host Hotels & Resorts, changed their guidance. For more information on the thinking behind those changes, take a look at our collection of quotes culled from third-quarter earnings calls.