Business · Week of Nov 2, 2026

Hotel REITs raise outlooks as Q3 earnings season rolls on

Third-quarter 2026 results dominated the week, with two hotel REITs raising guidance and several companies prioritizing debt reduction.

Nov 9, 2026 · MediaGabon newsroom

1. Host Hotels & Resorts, Inc.

   HOST HOTELS & RESORTS, INC.

   Host Hotels & Resorts says third-quarter comparable hotel RevPAR rose 8.8% to $219.50, while net income fell 56.4% to $71 million, which it attributes to lower gains on asset sales. After quarter end it bought the 1 Hotel Brooklyn Bridge for $202 million and the Renaissance Dallas at Plano Legacy West Hotel for $172 million, and it raised full-year 2026 guidance to about 6.75% RevPAR growth.

2. Beyond Meat, Inc.

   For immediate release

   Beyond Meat reported third-quarter net revenues down 8.1% to $64.5 million on a 10.9% volume decline, with a net loss of $82.8 million and gross margin of 19.3%, compared with 7.4% a year earlier. The quarter included $57.1 million in non-cash impairment charges, and the company expects fourth-quarter 2026 net revenues of approximately $54 million to $59 million.

3. DiamondRock Hospitality Co

   COMPANY CONTACTS

   DiamondRock Hospitality reported third-quarter net income attributable to common stockholders of $33.3 million, up 65.7%, with Comparable RevPAR up 6.6% to $226.01. It raised full-year Adjusted EBITDA guidance to $322.0 to $327.0 million, increased its quarterly dividend 22% to $0.11 and acquired The Bellmoor Inn & Spa for $31.0 million on October 1, 2026.

4. Light & Wonder, Inc.

   Light & Wonder, Inc.

   Light & Wonder reported third-quarter revenue of $824 million, down 2%, and net income of $133 million, up 17%, with iGaming revenue up 13% and SciPlay revenue down 12%. The company now expects FY 2026 Consolidated AEBITDA growth toward the lower end of its mid-to-high single digit range and says it repurchased no shares in the quarter as it prioritizes cutting leverage from 3.3x to below 3.0x in the first half of 2027.

5. 

   TELUS Corporation

   TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy

   TELUS posted a third-quarter net loss of $660 million, driven by an $800 million pre-tax, non-cash goodwill impairment related to TELUS Health, and Adjusted EBITDA fell 5 per cent to $1.8 billion. The company announced an efficiency program targeting approximately $900 million in annualized cash savings exiting 2028 and reaffirmed full-year 2026 guidance.

6. Genco Shipping & Trading Ltd

   GENCO SHIPPING & TRADING LIMITED ANNOUNCES

   Genco Shipping & Trading reported third-quarter net income of $38.0 million, compared with a net loss of $1.1 million a year earlier, as voyage revenues rose to $151.9 million from $79.9 million. It declared a $1.05 per share dividend, its 29th consecutive quarterly payout, and reiterated a projected Q4 2026 dividend of greater than $1 per share.

7. Victory Capital Holdings, Inc.

   Victory Capital Holdings, Inc.

   Victory Capital reported quarterly revenue of $396.6 million, up 9.8% year over year, and GAAP net income of $91.3 million, with long-term net flows of $11.7 billion that it describes as a record. The company says its acquisition of First Eagle Investments is expected to close by the end of the first quarter of 2027, and it declared a $0.50 quarterly dividend.

8. Allegiant Travel CO

   ALLEGIANT TRAVEL COMPANY

   Allegiant Travel reported third-quarter operating revenue of $961.6M, up 71.1 percent, and a net loss of $15.2M in its first full quarter including Sun Country Airlines, acquired May 13, 2026. The company reaffirmed full-year 2026 adjusted EPS guidance of greater than $6.00 and exercised six Boeing 737-8 options, bringing firm orders to 56.

This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not MediaGabon reporting.