Host Hotels & Resorts (HST) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared with the same period a year earlier, but decreased from the preceding quarter. The sequential decline came after two consecutive quarters of growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared with the same period a year earlier, but decreased from the preceding quarter. The sequential decline came after two consecutive quarters of growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-12.8%
Change from the immediately preceding quarter.
Year-over-year
+2.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.3B | +26.6% |
| Mar 31, 2023 | $1.4B | +28.6% |
| Jun 30, 2023 | $1.4B | +0.9% |
| Sep 30, 2023 | $1.2B | +2.1% |
Revenue performance
Total revenue was higher than the same quarter last year, reflecting a year-over-year gain. However, revenue fell from the immediately preceding quarter, reversing the prior trend.
Quarterly comparison
Compared with the prior quarter, revenue declined, while compared with the same quarter one year earlier, revenue rose. The trailing twelve-month revenue stood at a level above the current quarter's figure.
What to watch
The sequential revenue decline, after two quarters of expansion, may warrant attention to the trajectory of hotel operations.