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U.S. Hotel and Resort REITs Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies14
  • 7D2.7%
  • 3M12.3%
  • 1Y36.9%
  • YTD19.9%

The Hotel and Resort REITs industry is up 2.7% in the last week, with Host Hotels & Resorts up 2.3%. This takes the industry's 12 month performance to a gain of 37%. Earnings are forecast to grow by 1.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 May 2026US$38.7bUS$20.6bUS$1.2b23.2x32x1.9x
Wed, 22 Apr 2026US$37.5bUS$22.3bUS$655.8m25.1x57.1x1.7x
Fri, 20 Mar 2026US$33.1bUS$22.3bUS$659.4m22.7x50.2x1.5x
Sun, 15 Feb 2026US$35.0bUS$22.1bUS$757.7m31.9x46.1x1.6x
Tue, 13 Jan 2026US$33.4bUS$22.2bUS$749.5m30.1x44.6x1.5x
Thu, 11 Dec 2025US$31.9bUS$22.2bUS$749.5m29.3x42.6x1.4x
Sat, 08 Nov 2025US$30.9bUS$22.2bUS$759.8m29.2x40.6x1.4x
Mon, 06 Oct 2025US$31.4bUS$22.3bUS$873.6m28x35.9x1.4x
Wed, 03 Sep 2025US$32.9bUS$22.2bUS$901.9m29.8x36.4x1.5x
Fri, 01 Aug 2025US$31.2bUS$22.3bUS$953.9m26.4x32.7x1.4x
Sun, 29 Jun 2025US$30.7bUS$22.1bUS$984.8m26.4x31.2x1.4x
Tue, 27 May 2025US$29.4bUS$22.1bUS$984.8m23.7x29.8x1.3x
Thu, 24 Apr 2025US$27.3bUS$21.9bUS$1.1b18.7x23.9x1.2x
Sat, 22 Mar 2025US$31.5bUS$21.9bUS$1.1b24.3x27.7x1.4x
Mon, 17 Feb 2025US$34.4bUS$21.8bUS$1.5b17.8x22.5x1.6x
Wed, 15 Jan 2025US$35.4bUS$21.8bUS$1.5b17.6x23.2x1.6x
Fri, 13 Dec 2024US$39.0bUS$21.8bUS$1.5b19.8x25.5x1.8x
Sun, 10 Nov 2024US$37.0bUS$21.7bUS$1.6b19.3x23.7x1.7x
Tue, 08 Oct 2024US$37.4bUS$21.6bUS$1.5b20.4x25.7x1.7x
Thu, 05 Sep 2024US$35.8bUS$21.7bUS$1.4b18.3x24.7x1.7x
Sat, 03 Aug 2024US$35.6bUS$21.6bUS$1.5b18.2x23.5x1.6x
Mon, 01 Jul 2024US$36.5bUS$21.4bUS$1.2b21.8x29.4x1.7x
Wed, 29 May 2024US$37.4bUS$21.4bUS$1.2b23.4x30.1x1.7x
Fri, 26 Apr 2024US$38.6bUS$21.3bUS$1.4b25x28.1x1.8x
Sun, 24 Mar 2024US$41.9bUS$21.3bUS$1.4b26.2x30.3x2x
Tue, 20 Feb 2024US$40.1bUS$21.1bUS$1.1b27.1x35.4x1.9x
Thu, 18 Jan 2024US$40.3bUS$21.4bUS$1.1b26.7x35.2x1.9x
Sat, 16 Dec 2023US$40.2bUS$21.4bUS$1.1b26.7x35.1x1.9x
Mon, 13 Nov 2023US$34.8bUS$21.4bUS$1.1b23.9x30.4x1.6x
Wed, 11 Oct 2023US$34.3bUS$21.3bUS$1.4b22.1x24.2x1.6x
Fri, 08 Sep 2023US$34.2bUS$21.3bUS$1.4b22.1x24.2x1.6x
Sun, 06 Aug 2023US$34.9bUS$21.4bUS$1.5b22.5x23.9x1.6x
Tue, 04 Jul 2023US$36.8bUS$21.2bUS$1.8b22.2x20.3x1.7x
Thu, 01 Jun 2023US$34.8bUS$21.2bUS$1.8b20.8x19.1x1.6x
Price to Earnings Ratio

19.1x


Total Market Cap: US$34.8bTotal Earnings: US$1.8bTotal Revenue: US$21.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hotel and Resort REITs Industry Price to Earnings3Y Average 31.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Hotel and Resort REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 31.5x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.9x.
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 Market1.11%
Real Estate1.75%
Hotel and Resort REITs2.65%
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$22.382.3%
+US$349.3m		52.2%PB2.2x
RHP Ryman Hospitality PropertiesUS$111.963.2%
+US$215.8m		18.6%PB9.5x
APLE Apple Hospitality REITUS$14.472.7%
+US$89.7m		26.2%PB1.1x
PK Park Hotels & ResortsUS$11.513.8%
+US$84.6m		13.2%PB0.8x
RLJ RLJ Lodging TrustUS$9.584.7%
+US$64.4m		34.6%PB0.8x

Latest News

BHR
US$2.49
Braemar Hotels & Resorts
7D
-0.4%
1Y
24.5%
RLJ
US$9.58
RLJ Lodging Trust
7D
4.7%
1Y
34.6%
APLE
US$14.47
Apple Hospitality REIT
7D
2.7%
1Y
26.2%
Seeking Alpha • May 23

Apple Hospitality REIT: The Market Still Undervalues This High-Yield Monthly Dividend REIT

Summary Apple Hospitality REIT remains a buy, supported by robust Q1 results, raised guidance, and a sustainable 6.6% dividend yield. APLE’s updated guidance projects RevPAR growth of 0–2% and Adjusted EBITDAre of $436–$458 million, with continued disciplined capital allocation. Macro risks—geopolitical tensions, inflation, and delayed Fed cuts—could pressure APLE’s valuation and consumer demand in the near term. Despite sector headwinds, APLE’s intrinsic value is estimated above current levels, reflecting attractive risk-reward. Read the full article on Seeking Alpha
PEB
US$14.78
Pebblebrook Hotel Trust
7D
2.4%
1Y
66.6%
Narrative Update • May 22

PEB: Share Repurchases And Earnings Outlook Will Support Higher Future P/E

Analysts have lifted Pebblebrook Hotel Trust's fair value estimate from about $17.53 to roughly $18.93 per share, citing updated assumptions for discount rate, revenue growth, profit margin, and a higher future P/E multiple as key drivers of the new price target. What's in the News Pebblebrook Hotel Trust issued earnings guidance for the full year 2026, with expectations ranging from a net loss of $10.4 million to net income of $3.6 million.
HST
US$22.38
Host Hotels & Resorts
7D
2.3%
1Y
52.2%
Narrative Update • May 19

HST: Strong Lodging Demand And 2026 Outlook Will Support Cautious Upside

Host Hotels & Resorts' fair value estimate edges up from $22.25 to $22.88 as analysts lift price targets across the sector, citing stronger Q1 lodging demand and RevPAR trends while still flagging macro and geopolitical risks. Analyst Commentary Street research on Host Hotels & Resorts has been active, with multiple firms adjusting price targets following recent earnings and broader lodging sector updates.
RHP
US$111.96
Ryman Hospitality Properties
7D
3.2%
1Y
18.6%
Narrative Update • May 19

RHP: Luxury Convention Assets Will Support RevPAR Strength And Macro Risk Balance

Analysts have lifted the fair value estimate for Ryman Hospitality Properties from $114 to about $119.53, citing higher price targets such as Cantor Fitzgerald's move to $124, as well as generally stronger sector demand and RevPAR trends, tempered by cautious commentary on macro risks and limited visibility on longer term catalysts. Analyst Commentary Recent research on Ryman Hospitality Properties reflects a mix of optimism around execution and growth potential, balanced against valuation questions and macro risk.
PK
US$11.51
Park Hotels & Resorts
7D
3.8%
1Y
13.2%
Narrative Update • May 18

PK: Future Upside Will Depend On Execution Against Mixed Street Revisions

Analysts lifted the Park Hotels & Resorts fair value estimate slightly to $17.70, citing updated assumptions for revenue growth, margins, and a lower discount rate that align with recent mixed but generally constructive price target revisions across the Street. Analyst Commentary Recent research on Park Hotels & Resorts reflects a mix of views, but the latest fair value move to US$17.70 sits broadly in line with a cluster of fresh price target revisions and a new bullish initiation.
XHR
US$16.82
Xenia Hotels & Resorts
7D
2.7%
1Y
45.3%
SVC
US$1.71
Service Properties Trust
7D
-0.6%
1Y
-21.2%
SHO
US$10.62
Sunstone Hotel Investors
7D
2.1%
1Y
22.5%