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U.S. Hotel and Resort REITs Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies15
  • 7D5.5%
  • 3M4.4%
  • 1Y32.0%
  • YTD6.6%

Over the last 7 days, the Hotel and Resort REITs industry has risen 5.5%, driven by gains from every company within the industry. In the last 12 months, the industry was up 32%. Earnings are forecast to grow by 6.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026US$34.2bUS$22.3bUS$655.8m24.1x52.2x1.5x
Sun, 08 Mar 2026US$33.9bUS$22.3bUS$659.3m23.4x51.5x1.5x
Tue, 03 Feb 2026US$32.8bUS$22.2bUS$749.5m30x43.8x1.5x
Thu, 01 Jan 2026US$32.9bUS$22.2bUS$749.5m29.2x43.9x1.5x
Sat, 29 Nov 2025US$32.3bUS$22.2bUS$749.5m29.6x43.2x1.5x
Mon, 27 Oct 2025US$30.6bUS$22.2bUS$879.1m27.5x34.8x1.4x
Wed, 24 Sep 2025US$32.4bUS$22.3bUS$873.6m28.7x37.1x1.5x
Fri, 22 Aug 2025US$31.1bUS$22.3bUS$873.6m28.4x35.6x1.4x
Sun, 20 Jul 2025US$31.2bUS$22.1bUS$984.8m26.8x31.7x1.4x
Tue, 17 Jun 2025US$29.6bUS$22.1bUS$984.8m24.9x30.1x1.3x
Thu, 15 May 2025US$31.0bUS$22.1bUS$988.3m25x31.4x1.4x
Sat, 12 Apr 2025US$26.7bUS$21.9bUS$1.1b18.6x23.4x1.2x
Mon, 10 Mar 2025US$33.9bUS$21.9bUS$1.1b29x29.8x1.5x
Wed, 05 Feb 2025US$34.7bUS$21.8bUS$1.5b18x22.8x1.6x
Fri, 03 Jan 2025US$36.2bUS$21.8bUS$1.5b17.7x23.7x1.7x
Sun, 01 Dec 2024US$38.0bUS$21.8bUS$1.5b20.1x24.8x1.7x
Tue, 29 Oct 2024US$36.0bUS$21.6bUS$1.5b20.1x24.8x1.7x
Thu, 26 Sep 2024US$38.4bUS$21.6bUS$1.5b20.2x26.4x1.8x
Sat, 24 Aug 2024US$35.5bUS$21.7bUS$1.4b19.1x24.5x1.6x
Mon, 22 Jul 2024US$36.8bUS$21.4bUS$1.2b21.9x29.6x1.7x
Wed, 19 Jun 2024US$36.4bUS$21.4bUS$1.2b22.9x29.3x1.7x
Fri, 17 May 2024US$37.9bUS$21.4bUS$1.2b23.8x30.5x1.8x
Sun, 14 Apr 2024US$41.1bUS$21.3bUS$1.4b25.6x29.7x1.9x
Tue, 12 Mar 2024US$41.8bUS$21.2bUS$1.4b26.2x29.9x2x
Thu, 08 Feb 2024US$39.6bUS$21.1bUS$1.1b27.4x35x1.9x
Sat, 06 Jan 2024US$40.7bUS$21.4bUS$1.1b27.3x35.6x1.9x
Mon, 04 Dec 2023US$37.5bUS$21.4bUS$1.1b25.5x32.8x1.8x
Wed, 01 Nov 2023US$33.2bUS$21.3bUS$1.3b21.9x24.9x1.6x
Fri, 29 Sep 2023US$34.6bUS$21.3bUS$1.4b22.2x24.4x1.6x
Sun, 27 Aug 2023US$32.9bUS$21.3bUS$1.4b20.7x23.2x1.5x
Tue, 25 Jul 2023US$36.1bUS$21.2bUS$1.8b21.7x19.9x1.7x
Thu, 22 Jun 2023US$35.2bUS$21.2bUS$1.8b21.1x19.4x1.7x
Sat, 20 May 2023US$35.9bUS$21.2bUS$1.8b21.8x19.7x1.7x
Mon, 17 Apr 2023US$35.2bUS$20.1bUS$1.2b21.6x29.9x1.8x
Price to Earnings Ratio

29.9x


Total Market Cap: US$35.2bTotal Earnings: US$1.2bTotal Revenue: US$20.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hotel and Resort REITs Industry Price to Earnings3Y Average 30.6x202420252026
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 52.2x which is higher than its 3-year average PE of 30.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Hotel and Resort REITs industry have declined 18% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.5% per year.
  • This means that although more sales are being generated, 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 Market3.43%
Real Estate2.60%
Hotel and Resort REITs5.49%
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
HST Host Hotels & ResortsUS$19.914.0%
+US$520.3m		48.0%PB2.1x
RHP Ryman Hospitality PropertiesUS$98.345.8%
+US$338.7m		17.8%PB8.2x
APLE Apple Hospitality REITUS$12.407.5%
+US$205.4m		9.7%PB0.9x
PK Park Hotels & ResortsUS$11.187.5%
+US$157.0m		18.6%PB0.7x
DRH DiamondRock HospitalityUS$10.087.1%
+US$137.1m		46.1%PB1.4x

Latest News

HST
US$19.91
Host Hotels & Resorts
7D
4.0%
1Y
48.0%
RHP
US$98.34
Ryman Hospitality Properties
7D
5.8%
1Y
17.8%

RHP: Luxury Convention Assets Will Support Higher Future P E Potential

Analyst fair value for Ryman Hospitality Properties has been adjusted slightly higher to $114.00. This reflects a mix of recent target increases and trims as analysts balance cautious hotel REIT sector views with expectations for relatively higher future P/E levels and solid upper-scale positioning.
PK
US$11.18
Park Hotels & Resorts
7D
7.5%
1Y
18.6%

PK: Future Upside Will Rely On Clear Focus And Solid Balance Sheet

The analyst price target for Park Hotels & Resorts has been adjusted higher by about $0.45, with analysts pointing to updated fair value estimates and slightly improved assumptions for revenue growth, profit margin and discount rate, alongside a mix of recent target changes and new bullish coverage on the stock. Analyst Commentary Street research on Park Hotels & Resorts has been mixed, but there is a clear cluster of bullish analysts who see room for upside in the shares.
PEB
US$13.64
Pebblebrook Hotel Trust
7D
6.6%
1Y
60.5%

PEB: Fair Outlook Will Balance Share Repurchases With Ongoing Earnings Loss Guidance

The analyst price target for Pebblebrook Hotel Trust has moved modestly higher to $13.25 from $13.13, with analysts pointing to updated assumptions for revenue growth, discount rate, profit margin, and future P/E to support the revised view. What's in the News From October 1, 2025 to October 21, 2025, Pebblebrook Hotel Trust repurchased 7,034,874 shares, or 6.18% of its shares, for US$75.77 million under the buyback announced on February 21, 2023, completing a total of 13,964,858 shares, or 12.01%, for US$158.17 million (Key Developments).
DRH
US$10.08
DiamondRock Hospitality
7D
7.1%
1Y
46.1%

DRH: Future Returns Will Hinge On RevPAR Execution In Trading-Oriented Hotel REIT Sector

Analysts have raised the implied price target for DiamondRock Hospitality by about $0.12 to approximately $10.60. This change reflects a series of recent target increases and more constructive views on the company from multiple firms.
RLJ
US$7.95
RLJ Lodging Trust
7D
8.2%
1Y
17.3%
SHO
US$9.46
Sunstone Hotel Investors
7D
5.0%
1Y
16.1%

SHO: Future View Will Center On 2026 Earnings And Buyback Capacity

Analysts have nudged their Sunstone Hotel Investors price target slightly higher to $9.02 from $9.00, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. Together, these updates point to a modestly refined outlook rather than a major shift in view.
APLE
US$12.40
Apple Hospitality REIT
7D
7.5%
1Y
9.7%

APLE: Defined Focus And Buybacks Will Support Returns Through The Cycle

Analysts have made a small upward adjustment to the price target for Apple Hospitality REIT to about $13.13 from $13, reflecting recent coverage that balances a neutral stance from some firms with more positive views that emphasize its defined business strategy and balance sheet strength. Analyst Commentary Recent coverage presents a mixed picture for Apple Hospitality REIT, with some analysts highlighting support from its defined business approach and balance sheet, while others focus more on valuation constraints and sector level trading patterns.