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U.S. Hotel and Resort REITs Industry Analysis

UpdatedAug 28, 2026
DataAggregated Company Financials
Companies14
  • 7D-1.6%
  • 3M6.7%
  • 1Y27.9%
  • YTDn/a

Over the last 7 days, the Hotel and Resort REITs industry has dropped 1.6%, driven by a pullback from Host Hotels & Resorts of 3.2%. Over the past 12 months, the industry was up 28%. Earnings are forecast to grow by 18% 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, 28 Aug 2026US$44.6bUS$22.5bUS$928.4m27.3x48.1x2x
Sun, 26 Jul 2026US$45.0bUS$20.6bUS$1.2b29.7x37.1x2.2x
Tue, 23 Jun 2026US$44.4bUS$20.6bUS$1.2b27.8x36.6x2.2x
Thu, 21 May 2026US$37.6bUS$20.6bUS$1.2b23.3x31.1x1.8x
Sat, 18 Apr 2026US$36.2bUS$22.3bUS$655.8m25.2x55.2x1.6x
Mon, 16 Mar 2026US$32.3bUS$22.3bUS$659.4m21.9x48.9x1.4x
Wed, 11 Feb 2026US$34.6bUS$22.2bUS$749.5m32.4x46.2x1.6x
Fri, 09 Jan 2026US$32.3bUS$22.2bUS$749.5m29.9x43x1.5x
Sun, 07 Dec 2025US$31.4bUS$22.2bUS$749.5m28.4x41.9x1.4x
Tue, 04 Nov 2025US$29.7bUS$22.2bUS$797.0m24.8x37.3x1.3x
Thu, 02 Oct 2025US$31.5bUS$22.3bUS$873.6m28.1x36.1x1.4x
Sat, 30 Aug 2025US$33.0bUS$22.2bUS$901.9m30.2x36.6x1.5x
Mon, 28 Jul 2025US$32.3bUS$22.1bUS$984.8m27.9x32.8x1.5x
Wed, 25 Jun 2025US$30.8bUS$22.1bUS$984.8m25.9x31.3x1.4x
Fri, 23 May 2025US$29.2bUS$22.1bUS$984.8m23.4x29.7x1.3x
Sun, 20 Apr 2025US$27.3bUS$21.9bUS$1.1b18.7x23.9x1.2x
Tue, 18 Mar 2025US$31.3bUS$21.9bUS$1.1b25.2x27.6x1.4x
Thu, 13 Feb 2025US$34.6bUS$21.8bUS$1.5b17.8x22.7x1.6x
Sat, 11 Jan 2025US$35.2bUS$21.8bUS$1.5b17.5x23x1.6x
Mon, 09 Dec 2024US$38.9bUS$21.8bUS$1.5b20.3x25.4x1.8x
Wed, 06 Nov 2024US$35.6bUS$21.7bUS$1.5b18.8x23.8x1.6x
Fri, 04 Oct 2024US$36.5bUS$21.6bUS$1.5b19.8x25.1x1.7x
Sun, 01 Sep 2024US$36.5bUS$21.7bUS$1.4b19x25.2x1.7x
Tue, 30 Jul 2024US$36.5bUS$21.4bUS$1.2b22x29.7x1.7x
Thu, 27 Jun 2024US$36.1bUS$21.4bUS$1.2b21.1x29x1.7x
Sat, 25 May 2024US$37.1bUS$21.4bUS$1.2b23.5x29.8x1.7x
Mon, 22 Apr 2024US$38.2bUS$21.3bUS$1.4b24.3x27.6x1.8x
Wed, 20 Mar 2024US$41.6bUS$21.2bUS$1.4b25.9x29.8x2x
Fri, 16 Feb 2024US$39.5bUS$21.1bUS$1.1b27.5x34.9x1.9x
Sun, 14 Jan 2024US$40.6bUS$21.4bUS$1.1b28.1x35.5x1.9x
Tue, 12 Dec 2023US$38.6bUS$21.4bUS$1.1b27.5x33.7x1.8x
Thu, 09 Nov 2023US$35.4bUS$21.5bUS$1.3b22.7x27.6x1.7x
Sat, 07 Oct 2023US$33.9bUS$21.3bUS$1.4b21.6x23.9x1.6x
Mon, 04 Sep 2023US$34.2bUS$21.3bUS$1.4b21.5x24.2x1.6x
Price to Earnings Ratio

24.2x


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 33x202420252026
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 48.1x which is higher than its 3-year average PE of 33.0x.
  • 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 Comparison

How does U.S. Hotel and Resort REITs compare with similar industries?

US Market1.16%
Real Estate-0.90%
REITS-1.65%
Hotel and Resort REITs-1.55%
Office REITs0.47%
Healthcare REITs0.42%
Residential REITs0.33%
Industrial REITs0.27%
Diversified REITs-1.65%
Specialized REITs-1.86%
Retail REITs-1.87%
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$129.180.4%
+US$36.9m		30.6%PB11.8x
BHR Braemar Hotels & ResortsUS$2.072.0%
+US$2.7m		-23.3%PB1x
AHT Ashford Hospitality TrustUS$3.340.3%
+US$64.7k		-44.4%PS0.02x

Latest News

PEB
US$18.28
Pebblebrook Hotel Trust
7D
-1.5%
1Y
62.6%
Seeking Alpha • Aug 26

Pebblebrook Hotel Trust: Preferred Buybacks Limit Downside As Treasury Yields Surge

Summary Pebblebrook Hotel Trust grew AFFO by 4.6% year-over-year to reach $0.68 per share, with the REIT now trading hands for 6.7x its annualized second-quarter AFFO. While rising Treasury yields will pose a significant headwind to fixed-income securities, the REIT has been buying back its preferreds to place a floor on possible downside. Cash and cash equivalents of $261 million will be used to address 2026 debt maturities, with PEB facing no maturities next year. Read the full article on Seeking Alpha
RHP
US$129.18
Ryman Hospitality Properties
7D
0.4%
1Y
30.6%
HST
US$22.34
Host Hotels & Resorts
7D
-3.2%
1Y
29.2%
APLE
US$16.43
Apple Hospitality REIT
7D
-0.4%
1Y
24.9%
DRH
US$12.69
DiamondRock Hospitality
7D
-0.6%
1Y
47.9%
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$11.19
Sunstone Hotel Investors
7D
-0.8%
1Y
17.8%
AHT
US$3.34
Ashford Hospitality Trust
7D
0.3%
1Y
-44.4%
SVC
US$7.64
Service Properties Trust
7D
-5.6%
1Y
-43.8%
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.
PK
US$15.71
Park Hotels & Resorts
7D
-0.7%
1Y
33.6%
BHR
US$2.07
Braemar Hotels & Resorts
7D
2.0%
1Y
-23.3%
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
INN
US$5.91
Summit Hotel Properties
7D
-4.1%
1Y
8.6%