---
title: "Host Hotels & Resorts: Business Model"
description: "Host Hotels & Resorts revenue by product line and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/host-hotels-and-resorts/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Host Hotels & Resorts: Business Model & Revenue Engine

## Direct Answer

Host Hotels & Resorts reports revenue across 4 product and service lines in its fiscal 2025 Form 10-K. Occupancy is the largest, with $3.6 billion of revenue (59% of the total), followed by Food and Beverage at $1.8 billion (29%). 98% of revenue came from the United States.

## How Does Host Hotels & Resorts Make Money?

No single line supplies a majority of revenue: the largest, Occupancy, is 59%, which spreads Host Hotels & Resorts's exposure across several demand drivers. Between fiscal 2024 and 2025, Hotel Other grew fastest (+11.4%) and Food and Beverage slowest (+5.1%), so the revenue mix tilts toward Hotel Other while that gap lasts.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Occupancy | $3.6 billion | $3.4 billion | 59.0% | 5.3% |
| Food and Beverage | $1.8 billion | $1.7 billion | 29.5% | 5.1% |
| Hotel Other | $604 million | $542 million | 9.9% | 11.4% |
| Home Building | $99 million | $0 | 1.6% | n/a |

![Bar chart of Host Hotels & Resorts revenue by product line for fiscal 2025: Occupancy 59.0%, Food and Beverage 29.5%, Hotel Other 9.9%, Home Building 1.6%.](https://www.getswoopr.com/images/charts/host-hotels-and-resorts-business-model-segment-mix.webp)
*Host Hotels & Resorts revenue by product line as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Where Does Host Hotels & Resorts's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $6.0 billion | $5.6 billion | 98.3% | 7.6% |
| Canada | $76 million | $75 million | 1.2% | 1.3% |
| Brazil | $28 million | $26 million | 0.5% | 7.7% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of Host Hotels & Resorts's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Host Hotels & Resorts reported in the segment note and revenue disclosures of its Form 10-K filed February 25, 2026 (accession 0001070750-26-000054), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Host Hotels & Resorts's main products and services?

In its fiscal 2025 Form 10-K, Host Hotels & Resorts reports revenue for Occupancy, Food and Beverage, Hotel Other and Home Building.

### Which part of Host Hotels & Resorts brings in the most revenue?

Occupancy, with $3.6 billion of revenue in fiscal 2025, or 59% of the total.

### How much of Host Hotels & Resorts's revenue comes from outside the United States?

2% in fiscal 2025, by the geographic breakdown Host Hotels & Resorts reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: HOST HOTELS & RESORTS, INC. Form 10-K filed February 25, 2026](https://www.sec.gov/Archives/edgar/data/1070750/000107075026000054/hst-20251231.htm)
- [SEC EDGAR: HOST HOTELS & RESORTS, INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1070750&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Host Hotels & Resorts company dossier](https://www.getswoopr.com/stocks/companies/host-hotels-and-resorts/)
- [Host Hotels & Resorts financial metrics](https://www.getswoopr.com/stocks/companies/host-hotels-and-resorts/metrics/)
- [Host Hotels & Resorts financial risk indicators](https://www.getswoopr.com/stocks/companies/host-hotels-and-resorts/risks/)
- [Host Hotels & Resorts peer comparison](https://www.getswoopr.com/stocks/companies/host-hotels-and-resorts/competitors/)
- [Host Hotels & Resorts business model and revenue mix](https://www.getswoopr.com/stocks/companies/host-hotels-and-resorts/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).