Earnings reports show how some of the major public hotel companies adjusted their 2016 RevPAR guidance throughout the year.
REPORT FROM THE U.S.—While overall U.S. revenue per available room growth has still been positive for 80 months in a row, according to HNN’s parent company, STR, many of the major public hotel companies have spent 2016 adjusting their RevPAR growth guidance for the year down from earlier levels.
Of the 17 public lodging companies for which HNN covers earnings calls, nine consistently shared 2016 RevPAR growth guidance ranges throughout the year, and all of those have adjusted their year-end outlook ranges down from where they stood at the beginning of the year.
As for 2017 outlooks, most companies won’t share those until they report 2016 year-end performance, said analyst Ryan Meliker, managing director of equity research, REITs and lodging for Canaccord Genuity. Those that have—Hilton Worldwide Holdings and Marriott International—report flat to modest RevPAR gains for 2017.
This infographic illustrates how nine public hotel companies adjusted their 2016 RevPAR guidance throughout the year.