EarningsAdjusted EBITDA outperformed forecasts, reaching $324 million, surpassing Baird and Street estimates, attributed to higher Hotel EBITDA, reduced general and administrative costs, and better joint venture performance.
Financial PerformanceRevPAR growth exceeded expectations, achieving a 0.8% increase compared to an estimated decline, with total comparable revenues rising by 3.2% driven by stronger-than-expected group performance.
Recovery And GrowthThe recovery in Maui is progressing well, with HST reducing its anticipated RevPAR headwind impact, supported by a strong balance sheet and growth opportunities from recent mergers and acquisitions.