Editing Host Hotels

<br>April 30 (Reuters) - Real estate investment trust Host Hotels & Resorts reported first-quarter adjusted funds from operations (FFO) above analysts' expectations on Wednesday,  If you loved this informative article and you wish to receive more information regarding [https://jetblacktransportation.com/lga-to-nyu/ laguardia to nyu] please visit our page. driven by higher pricing and a recovery in Maui.<br><br>Shares of the company were up 1.9% in extended trading.<br><br>Strong pricing for food items, beverages and hotel services helped the company's results which had been dragged by slowing Maui demand throughout last year.<br><br>Tourism in Maui declined following the wildfires in August 2023, as visitors were hesitant to return. However, in the first quarter the company observed improving leisure trends in Maui, indicating a rebound in travel demand, CEO James Risoleo said in a statement.<br><br>Food and beverage revenues were up 6%, while revenues from other ancillary items, which include spa and  [https://jetblacktransportation.com/lga-to-nyu/ laguardia airport to nyu] entertainment services, rose 5.3% compared [https://jetblacktransportation.com/lga-to-nyu/ laguardia airport to nyu] last year.<br><br>The Bethesda, Maryland-based REIT reported a quarterly adjusted FFO of $0.64 per share, compared with analysts' estimates of $0.56 per share.<br><br>It now expects a full-year adjusted FFO between $1.88 and $1.97 per share, compared with the previous range of $1.82 to $1.91 per share.<br><br>Total revenue for the quarter ended March 31 was $1.59 billion, up 8.4% from a year earlier. On average, analysts were expecting revenue of $1.55 billion, according [https://jetblacktransportation.com/lga-to-nyu/ laguardia airport to nyu] data compiled by LSEG. (Reporting by Aishwarya Jain and Anandita Mehrotra in Bengaluru; Editing by Mohammed Safi Shamsi and Shailesh Kuber)<br><br>