Xenia Hotels & Resorts Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 results exceeded expectations, with RevPAR up 5.6% year-over-year and Adjusted EBITDAre and FFO per share both rising. Guidance for 2026 was raised, reflecting strong group and transient demand, robust liquidity, and ongoing portfolio enhancements.
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Q1 2026 results exceeded expectations with strong RevPAR, EBITDA, and FFO growth, driven by robust group and transient demand. Guidance for 2026 was raised, with margin expansion and healthy liquidity, while special event uplift was revised downward due to lower group bookings.
Fiscal Year 2025
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Adjusted EBITDAre and FFO per share for 2025 exceeded guidance, driven by strong group and F&B revenue growth. 2026 outlook calls for 3% RevPAR growth at midpoint, 7% FFO per share increase, and continued margin discipline amid rising expenses.
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Q3 results met expectations with flat RevPAR and strong group demand offsetting leisure softness. Guidance for 2025 was slightly reduced, but group bookings and non-rooms revenue remain robust, with major F&B upgrades at W Nashville and continued ramp at Grand Hyatt Scottsdale supporting future growth.
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Q2 results exceeded expectations with strong group and catering revenues, driving significant EBITDA and margin growth. Guidance for full-year adjusted EBITDAre and FFO per share was raised, with group business and portfolio upgrades supporting a positive outlook.
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Q1 2025 saw strong financial results with 6.3% REVPAR growth, robust group business, and successful capital allocation moves, including a major asset sale and land acquisition. Guidance was trimmed due to macro uncertainty, but group demand remains a key growth driver.
Fiscal Year 2024
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Q4 2024 saw improved operating performance and the completion of the Grand Hyatt Scottsdale renovation, setting up for strong 2025 growth. Guidance calls for 5% RevPAR growth and 7% adjusted EBITDAre increase, with group and business transient segments leading gains.
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Q3 results missed expectations due to leisure softness, hurricanes, and renovation disruption, but group and corporate demand remained strong. Guidance for 2024 was lowered, though future group bookings and the newly renovated Grand Hyatt Scottsdale are expected to drive growth.
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Q2 2024 delivered modest RevPAR and EBITDA growth, led by renovated and group-oriented hotels, while leisure demand softened. Guidance for 2024 was trimmed due to renovation disruption and market uncertainty, but margin improvement and strong group bookings are expected in H2.