Host Hotels & Resorts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 03, 2022 at 04:38 pm EDT
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Host Hotels & Resorts, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 850 million compared to USD 423 million a year ago. Revenue was USD 1,381 million compared to USD 649 million a year ago. Net income was USD 256 million compared to net loss of USD 60 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to basic loss per share from continuing operations of USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to diluted loss per share from continuing operations of USD 0.09 a year ago.
For the six months, sales was USD 1,505 million compared to USD 680 million a year ago. Revenue was USD 2,455 million compared to USD 1,048 million a year ago. Net income was USD 372 million compared to net loss of USD 212 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to basic loss per share from continuing operations of USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to diluted loss per share from continuing operations of USD 0.3 a year ago.
Host Hotels & Resorts, Inc. specializes in owning, operating, and managing hotels. Net sales break down by activity as follows:
- hospitality services (61.1%);
- restaurant services (29.8%);
- other (9.1%): primarily real estate leasing.
As of 23/02/2024, the group had a portfolio composed of 77 hotels (41,972 rooms) located in the United States (72), Brazil (3), and Canada (2).
Net sales are distributed geographically as follows: the United States (98.3%), Canada (1,3%), and Brazil (0.4%).
HOST HOTELS & RESORTS, INC. 
