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U.S. Hotel and Resort REITs Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies15
  • 7D1.2%
  • 3M1.6%
  • 1Y25.2%
  • YTD1.1%

Over the last 7 days, the Hotel and Resort REITs industry has risen 1.2%, driven by gains from Host Hotels & Resorts of 1.6%. Meanwhile, Service Properties Trust actually underperformed within the industry, shrinking 29% in the last week. This takes the industry's 12 month performance to a gain of 25%. Earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$33.0bUS$22.3bUS$655.8m22.8x50.4x1.5x
Tue, 03 Mar 2026US$34.6bUS$22.3bUS$660.9m23.9x52.4x1.6x
Thu, 29 Jan 2026US$32.9bUS$22.2bUS$749.5m29.3x43.9x1.5x
Sat, 27 Dec 2025US$33.2bUS$22.2bUS$749.5m30x44.3x1.5x
Mon, 24 Nov 2025US$31.8bUS$22.2bUS$749.5m28.9x42.5x1.4x
Wed, 22 Oct 2025US$30.6bUS$22.2bUS$879.1m27.6x34.8x1.4x
Fri, 19 Sep 2025US$33.0bUS$22.3bUS$873.6m29.4x37.8x1.5x
Sun, 17 Aug 2025US$30.6bUS$22.3bUS$873.6m27.9x35x1.4x
Tue, 15 Jul 2025US$32.5bUS$22.1bUS$984.8m27.9x33x1.5x
Thu, 12 Jun 2025US$31.2bUS$22.1bUS$984.8m25x31.7x1.4x
Sat, 10 May 2025US$29.2bUS$22.1bUS$984.9m24.2x29.6x1.3x
Mon, 07 Apr 2025US$26.7bUS$21.9bUS$1.1b18.4x23.3x1.2x
Wed, 05 Mar 2025US$33.4bUS$21.9bUS$1.1b27.9x29.5x1.5x
Fri, 31 Jan 2025US$35.1bUS$21.8bUS$1.5b18.2x23x1.6x
Sun, 29 Dec 2024US$36.9bUS$21.8bUS$1.5b18.2x24.1x1.7x
Tue, 26 Nov 2024US$37.2bUS$21.8bUS$1.5b20.1x24.3x1.7x
Thu, 24 Oct 2024US$36.0bUS$21.6bUS$1.5b19.4x24.8x1.7x
Sat, 21 Sep 2024US$38.2bUS$21.6bUS$1.5b20.1x26.2x1.8x
Mon, 19 Aug 2024US$34.7bUS$21.6bUS$1.4b18.5x24x1.6x
Wed, 17 Jul 2024US$37.1bUS$21.4bUS$1.2b22.7x29.8x1.7x
Fri, 14 Jun 2024US$36.8bUS$21.4bUS$1.2b23x29.6x1.7x
Sun, 12 May 2024US$37.8bUS$21.4bUS$1.2b23.6x30.4x1.8x
Tue, 09 Apr 2024US$41.4bUS$21.3bUS$1.4b26.2x29.9x1.9x
Thu, 07 Mar 2024US$41.8bUS$21.2bUS$1.4b24.2x29.8x2x
Sat, 03 Feb 2024US$40.2bUS$21.4bUS$1.1b28.3x35.3x1.9x
Mon, 01 Jan 2024US$40.5bUS$21.4bUS$1.1b28.6x35.4x1.9x
Wed, 29 Nov 2023US$36.6bUS$21.4bUS$1.1b24.3x32x1.7x
Fri, 27 Oct 2023US$33.5bUS$21.3bUS$1.4b22x23.6x1.6x
Sun, 24 Sep 2023US$33.4bUS$21.3bUS$1.4b21.1x23.6x1.6x
Tue, 22 Aug 2023US$33.9bUS$21.3bUS$1.4b20.8x24x1.6x
Thu, 20 Jul 2023US$36.9bUS$21.2bUS$1.8b22.2x20.3x1.7x
Sat, 17 Jun 2023US$36.0bUS$21.2bUS$1.8b21.7x19.8x1.7x
Mon, 15 May 2023US$35.8bUS$21.2bUS$1.8b22x19.7x1.7x
Wed, 12 Apr 2023US$35.4bUS$20.0bUS$1.2b21.5x30x1.8x
Price to Earnings Ratio

30x


Total Market Cap: US$35.4bTotal Earnings: US$1.2bTotal Revenue: US$20.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Hotel and Resort REITs Industry Price to Earnings3Y Average 30.5x202420252026
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 50.4x which is higher than its 3-year average PE of 30.5x.
  • 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 3.6% 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 Market3.46%
Real Estate2.85%
Hotel and Resort REITs1.22%
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$19.141.6%
+US$206.3m		45.7%PB2x
RHP Ryman Hospitality PropertiesUS$92.912.7%
+US$149.5m		9.8%PB7.7x
PEB Pebblebrook Hotel TrustUS$12.804.4%
+US$61.2m		51.8%PB0.6x
DRH DiamondRock HospitalityUS$9.411.0%
+US$18.4m		34.6%PB1.3x
XHR Xenia Hotels & ResortsUS$14.811.2%
+US$17.9m		51.0%PB1.2x

Latest News

PK
US$10.40
Park Hotels & Resorts
7D
-0.3%
1Y
11.1%

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.
RHP
US$92.91
Ryman Hospitality Properties
7D
2.7%
1Y
9.8%
PEB
US$12.80
Pebblebrook Hotel Trust
7D
4.4%
1Y
51.8%

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).
HST
US$19.14
Host Hotels & Resorts
7D
1.6%
1Y
45.7%

HST: Balance Sheet Strength Will Support Higher Future P/E Rerating

The analyst price target for Host Hotels & Resorts moves slightly higher, reflecting modestly adjusted fair value assumptions alongside Street research that emphasizes cautious optimism on hotel REIT fundamentals and balance sheet quality. Analyst Commentary Recent research on Host Hotels & Resorts points to a cluster of upward price target revisions, with several bullish analysts highlighting the company’s balance sheet position, exposure to higher-end properties, and execution coming out of the latest earnings update.
DRH
US$9.41
DiamondRock Hospitality
7D
1.0%
1Y
34.6%

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$7.35
RLJ Lodging Trust
7D
-1.7%
1Y
7.9%
AHT
US$2.59
Ashford Hospitality Trust
7D
-9.4%
1Y
-60.1%
SHO
US$9.01
Sunstone Hotel Investors
7D
0.7%
1Y
8.9%

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.
SVC
US$1.27
Service Properties Trust
7D
-28.7%
1Y
-34.5%
INN
US$4.37
Summit Hotel Properties
7D
2.8%
1Y
6.6%

INN: 2026 Hotel REIT Outlook And Buyback Activity Will Support Shares

Analysts have trimmed their price target on Summit Hotel Properties to $6 from $8 and now see fair value at about $5.38. They point to slightly adjusted assumptions for revenue growth, profit margins, discount rate and future P/E multiples.
APLE
US$11.53
Apple Hospitality REIT
7D
0.3%
1Y
0.2%

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.
XHR
US$14.81
Xenia Hotels & Resorts
7D
1.2%
1Y
51.0%

XHR: Buybacks And 2026 Earnings Outlook Will Support A Fair Stance

Analysts are keeping their price target for Xenia Hotels & Resorts steady at $16.00, as small tweaks to assumptions on discount rate, revenue growth, profit margin, and future P/E are considered to offset each other in the updated model. What's in the News Xenia Hotels & Resorts issued full year 2026 earnings guidance, with expected net income in a range of $21 million to $41 million.