Barclays Raises U.S. RevPAR Outlook

Lodging stocks see modest declines despite positive market performance.

Apr. 16, 2026 at 9:18pm

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A high-end, photorealistic studio still-life photograph featuring a stack of hotel room keys, a pen, and a tablet computer arranged elegantly on a clean, white seamless background, conceptually representing the abstract concepts of hotel performance, market trends, and corporate strategy.Barclays' revised outlook suggests the U.S. hotel industry may be poised for a stronger-than-expected recovery, despite ongoing global economic challenges.Naples Today

Barclays has increased its outlook for U.S. RevPAR performance this year, expecting strong domestic momentum to offset international weakness. The investment bank also raised its first quarter 2026 estimates for RevPAR and EBITDA at major hotel companies, which are now above consensus. Additionally, the Ritz-Carlton Naples, Tiburon, owned by Host Hotels & Resorts, is set to undergo a major renovation starting in May 2026.

Why it matters

Barclays' revised outlook suggests the U.S. hotel industry may be poised for stronger-than-expected performance in 2026, despite ongoing global economic uncertainty. This could have positive implications for hotel operators, investors, and the broader travel sector.

The details

According to the report, Barclays expects U.S. RevPAR momentum to "override international weakness" in the near term. The bank has increased its 2026 RevPAR estimate range to 0% to 3%, up from the previous -5% to 1%. Barclays also said its first quarter 2026 C-Corp RevPAR and EBITDA estimates have ticked higher and are now above consensus. Additionally, the Ritz-Carlton Naples, Tiburon, owned by Host Hotels & Resorts, is set to begin a major renovation project in May 2026.

  • Barclays released its revised U.S. RevPAR outlook on April 16, 2026.
  • The Ritz-Carlton Naples, Tiburon renovation project is set to begin in May 2026.

The players

Barclays

A multinational investment bank and financial services company.

Host Hotels & Resorts

A real estate investment trust that owns and operates luxury and upper-upscale hotels.

Ritz-Carlton Naples, Tiburon

A luxury resort located in Naples, Florida, owned by Host Hotels & Resorts.

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The takeaway

Barclays' revised outlook suggests the U.S. hotel industry may be poised for stronger-than-expected performance in 2026, which could have positive implications for hotel operators, investors, and the broader travel sector. Additionally, the upcoming renovation of the Ritz-Carlton Naples, Tiburon property is a sign of continued investment in high-end hotel assets.