HOST HOTELS & RESORTS, INC.HST

HOST HOTELS & RESORTS, INC. Revenue Disclosure

10-KFiled Feb 25, 20262 min read
Revenues
Substantially all our operating results represent revenues and expenses generated by property-level operations. Payments are due from customers when services are provided to them. Due to the short-term nature of our contracts and the almost concurrent receipt of payment, we have no material unearned revenue at year end. We collect sales, use, occupancy and similar taxes from our customers, which we present on a net basis (excluded from revenues) on our statements of operations.
Disaggregation of Revenues. While we do not consider the following disclosure of hotel revenues by location to consist of reportable segments, we have disaggregated hotel revenues by market location. Our revenues also are presented by country in Note 16 – Geographic and Business Segment Information.
By Location. The following table presents hotel revenues for each of the geographic locations in our consolidated hotel portfolio (in millions):
 Year ended December 31,
Location202520242023
New York$516 $431 $374 
Orlando504 473 466 
San Diego494 523 498 
Florida Gulf Coast451 441 339 
Maui420 371 415 
San Francisco/San Jose397 353 371 
Phoenix371 366 366 
Washington, D.C. (Central Business District)318 344 331 
Miami274 251 243 
Oahu199 94 34 
Boston155 157 151 
Chicago147 143 136 
Jacksonville145 137 128 
Houston144 148 139 
Los Angeles/Orange County139 137 141 
Nashville124 88 — 
San Antonio120 121 117 
Seattle108 111 105 
New Orleans103 107 99 
Northern Virginia99 99 90 
Denver97 101 89 
Philadelphia88 86 85 
Atlanta71 61 67 
Austin70 84 87 
Other357 356 348 
Domestic5,911 5,583 5,219 
International104 101 92 
Total$6,015 $5,684 $5,311 
For the year ended December 31, 2025, we had $99 million of revenues related to sales of condominium units adjacent to the Four Seasons Resort Orlando at Walt Disney World® Resort that are excluded from the table above.

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 26, 2025
2023Feb 28, 2024
2022Feb 22, 2023
2021Feb 24, 2022
2020Feb 25, 2021
2019Feb 25, 2020
2018Feb 26, 2019
2017Feb 27, 2018

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

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