Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Hotel and Resort REITs Industry Analysis

UpdatedAug 24, 2026
DataAggregated Company Financials
Companies14
  • 7D2.8%
  • 3M10.0%
  • 1Y33.2%
  • YTD32.7%

Over the last 7 days, the Hotel and Resort REITs industry has risen 2.8%, driven by gains in Ryman Hospitality Properties and Host Hotels & Resorts of 3.5% and 1.8%, respectively. This takes the industry's 12 month performance to a gain of 33%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.S. Hotel and Resort REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Aug 2026US$45.2bUS$22.5bUS$928.4m27.4x48.7x2x
Thu, 23 Jul 2026US$45.0bUS$20.6bUS$1.2b29.4x37.1x2.2x
Sat, 20 Jun 2026US$44.4bUS$20.6bUS$1.2b27.7x36.6x2.2x
Mon, 18 May 2026US$36.8bUS$20.6bUS$1.2b22x30.4x1.8x
Wed, 15 Apr 2026US$36.5bUS$22.3bUS$655.8m25.1x55.6x1.6x
Fri, 13 Mar 2026US$33.3bUS$22.3bUS$659.3m22.3x50.6x1.5x
Sun, 08 Feb 2026US$34.3bUS$22.2bUS$749.5m31.2x45.8x1.5x
Tue, 06 Jan 2026US$32.6bUS$22.2bUS$749.5m29.4x43.5x1.5x
Thu, 04 Dec 2025US$31.9bUS$22.2bUS$749.5m29.1x42.6x1.4x
Sat, 01 Nov 2025US$29.8bUS$22.2bUS$797.1m24.3x37.4x1.3x
Mon, 29 Sep 2025US$32.5bUS$22.3bUS$873.6m28.6x37.2x1.5x
Wed, 27 Aug 2025US$32.2bUS$22.2bUS$901.9m29.5x35.7x1.5x
Fri, 25 Jul 2025US$32.5bUS$22.1bUS$984.8m27.4x33x1.5x
Sun, 22 Jun 2025US$30.6bUS$22.1bUS$984.8m25.1x31x1.4x
Tue, 20 May 2025US$30.6bUS$22.1bUS$984.8m24.4x31x1.4x
Thu, 17 Apr 2025US$27.0bUS$21.9bUS$1.1b18.3x23.7x1.2x
Sat, 15 Mar 2025US$30.5bUS$21.9bUS$1.1b24.7x26.9x1.4x
Mon, 10 Feb 2025US$35.2bUS$21.8bUS$1.5b18.3x23.1x1.6x
Wed, 08 Jan 2025US$35.8bUS$21.8bUS$1.5b17.8x23.5x1.6x
Fri, 06 Dec 2024US$38.8bUS$21.8bUS$1.5b20.3x25.3x1.8x
Sun, 03 Nov 2024US$35.4bUS$21.6bUS$1.5b19.7x23.9x1.6x
Tue, 01 Oct 2024US$37.4bUS$21.6bUS$1.5b19.6x25.7x1.7x
Thu, 29 Aug 2024US$35.8bUS$21.7bUS$1.4b18.8x24.7x1.7x
Sat, 27 Jul 2024US$35.8bUS$21.4bUS$1.2b21.8x29.1x1.7x
Mon, 24 Jun 2024US$36.6bUS$21.4bUS$1.2b21.6x29.4x1.7x
Wed, 22 May 2024US$37.9bUS$21.4bUS$1.2b23.4x30.5x1.8x
Fri, 19 Apr 2024US$37.9bUS$21.3bUS$1.4b24.2x27.5x1.8x
Sun, 17 Mar 2024US$41.0bUS$21.2bUS$1.4b25.7x29.4x1.9x
Tue, 13 Feb 2024US$40.1bUS$21.1bUS$1.1b26.9x35.5x1.9x
Thu, 11 Jan 2024US$40.8bUS$21.4bUS$1.1b27.7x35.7x1.9x
Sat, 09 Dec 2023US$37.7bUS$21.4bUS$1.1b26.5x33x1.8x
Mon, 06 Nov 2023US$35.9bUS$21.4bUS$1.3b23.1x27.5x1.7x
Wed, 04 Oct 2023US$34.0bUS$21.3bUS$1.4b21.2x24x1.6x
Fri, 01 Sep 2023US$34.2bUS$21.3bUS$1.4b21.5x24.1x1.6x
Price to Earnings Ratio

24.1x


Total Market Cap: US$34.2bTotal Earnings: US$1.4bTotal Revenue: US$21.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hotel and Resort REITs Industry Price to Earnings3Y Average 32.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Hotel and Resort REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 48.7x which is higher than its 3-year average PE of 32.9x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Hotel and Resort REITs industry have declined 13% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Real Estate industry?

US Market-1.19%
Real Estate0.50%
Hotel and Resort REITs2.75%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RHP Ryman Hospitality PropertiesUS$131.135.7%
+US$479.1m		35.3%PB12x
HST Host Hotels & ResortsUS$23.191.7%
+US$260.3m		37.2%PB2.5x
PK Park Hotels & ResortsUS$15.865.7%
+US$173.2m		35.9%PB1x
APLE Apple Hospitality REITUS$16.594.3%
+US$160.5m		30.5%PB1.2x
SHO Sunstone Hotel InvestorsUS$11.313.9%
+US$78.1m		19.8%PB1.3x

Latest News

HST
US$23.19
Host Hotels & Resorts
7D
1.7%
1Y
37.2%
APLE
US$16.59
Apple Hospitality REIT
7D
4.3%
1Y
30.5%
DRH
US$12.74
DiamondRock Hospitality
7D
3.1%
1Y
51.8%
Narrative Update • Aug 19

DRH: Lodging Sector Euphoria Will Pressure Future P/E As RevPAR Optimism Fades

Analysts have raised the fair value estimate for DiamondRock Hospitality to $11.00 from $10.13. This change reflects recent price target increases on the stock that are linked to updated lodging and REIT earnings assumptions across the Street.
SHO
US$11.31
Sunstone Hotel Investors
7D
3.9%
1Y
19.8%
RLJ
US$11.53
RLJ Lodging Trust
7D
4.2%
1Y
52.1%
Seeking Alpha • Aug 12

RLJ Lodging Trust: A High-Quality REIT That Remains Undervalued

Summary RLJ Lodging Trust is a Buy as the valuation offers a margin of safety despite recent price appreciation. RLJ delivered strong Q2 results with RevPAR up 6.8% YoY, occupancy at 77%, and Adjusted FFO per share up 8.3%. 2026 guidance was raised: RevPAR growth now 3.5%–4.5%, Adjusted FFO per share $1.37–$1.50, and solid cash position with no debt maturity until 2029. Risks include near-term macro headwinds and consumer pressure, but supply constraints and business travel recovery support the investment thesis. Read the full article on Seeking Alpha
SVC
US$8.01
Service Properties Trust
7D
-1.0%
1Y
-41.3%
Narrative Update • Aug 12

SVC: Hotel Execution And Asset Sales Will Drive Future Upside Potential

Narrative Update on Service Properties Trust The updated analyst price target for Service Properties Trust has shifted from $2.25 to $2.50. Analysts point to the stock's discount to net asset value, its mix of net lease and hotel assets, and potential benefits from hotel sales, operational progress, and the Sonesta relationship as key reasons for the change.
RHP
US$131.13
Ryman Hospitality Properties
7D
5.7%
1Y
35.3%
PK
US$15.86
Park Hotels & Resorts
7D
5.7%
1Y
35.9%
BHR
US$2.05
Braemar Hotels & Resorts
7D
-1.0%
1Y
-6.8%
Seeking Alpha • Aug 09

Braemar Hotels & Resorts: Ashford Is Gone, But Problems Remain

Summary Braemar Hotels & Resorts maintains a 'Sell' rating despite governance improvements and a shift to self-management. BHR's $480 million Ashford termination fee is now crystallized, funded by accelerated asset sales rather than supporting the balance sheet. The company’s shrinking hotel portfolio and fully floating-rate debt structure heighten earnings risk and liquidity concerns. Unresolved proxy contest and lack of a common dividend add further uncertainty, limiting upside for common shareholders. Read the full article on Seeking Alpha
XHR
US$19.66
Xenia Hotels & Resorts
7D
3.1%
1Y
41.4%
Narrative Update • Aug 08

XHR: High-End RevPAR Trends And Margin Expectations Will Shape 2026 Balance

The analyst price target for Xenia Hotels & Resorts has shifted from $19.40 to $21.20 as analysts factor in higher profit margin expectations, a lower future P/E, and supportive lodging sector commentary around RevPAR and high-end demand. Analyst Commentary Recent research on Xenia Hotels & Resorts highlights a mix of optimism on high-end lodging demand and some caution on how much good news is already reflected in the stock.
IHT
US$1.48
InnSuites Hospitality Trust
7D
-7.5%
1Y
-19.1%