Host Hotels & Resorts, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 03, 2021 at 04:30 pm EDT
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Host Hotels & Resorts, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 557 million compared to USD 126 million a year ago. Revenue was USD 844 million compared to USD 198 million a year ago. Net loss was USD 119 million compared to USD 313 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.44 a year ago.
For the nine months, sales was USD 1,237 million compared to USD 813 million a year ago. Revenue was USD 1,892 million compared to USD 1,353 million a year ago. Net loss was USD 331 million compared to USD 668 million a year ago. Basic loss per share from continuing operations was USD 0.47 compared to USD 0.95 a year ago. Diluted loss per share from continuing operations was USD 0.47 compared to USD 0.95 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. 
