Host Hotels & Resorts
Q2 2022 Earnings Call
Aug 04, 2022, 10:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the Host Hotels & Resorts second quarter 2022 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the call over to Jaime Marcus, senior vice president of investor relations.
Jaime Marcus -- Senior Vice President of Investor Relations
Thank you, and good morning, everyone. Before we begin, please note that many of the comments made today are considered to be forward-looking statements under federal securities laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ from those expressed, and we are not obligated to publicly update or revise these forward-looking statements. In addition, on today's call, we will discuss certain non-GAAP financial information, such as FFO, adjusted EBITDAre and hotel-level results.
You can find this information together with reconciliations to the most directly comparable GAAP information in yesterday's earnings press release and our 8-K filed with the SEC and in the supplemental financial information on our website at hosthotels.com. With me on today's call will be Jim Risoleo, president and chief executive officer; and Sourav Ghosh, executive vice president and chief financial officer. With that, I would like to turn the call over to Jim.
Jim Risoleo -- President and Chief Executive Officer
Thank you, Jaime, and thanks to everyone for joining us this morning. Once again, we delivered significant outperformance during the second quarter and substantially beat all consensus metrics. During the second quarter, our adjusted EBITDAre was $500 million, and our adjusted FFO per share was $0.58. Our all owned hotel EBITDA of $510 million in the second quarter was 19% above 2019, driven by an accelerating recovery in our urban and downtown markets and continued strength in Sunbelt markets.
In addition to exceeding 2019 levels, our second quarter adjusted EBITDAre was also the highest in Host's history. All owned hotel revenues in the second quarter increased 3.7% over the second quarter of 2019, while all owned hotel operating expenses were down 3.8%. The increase in revenues was driven by strong rates across the portfolio coupled with stronger-than-usual other revenues. All owned hotel RevPAR for the second quarter was $219, a 31% improvement over the first quarter.