Nov 6 (Reuters) - Real estate investment trust Host

Hotels & Resorts ( HST ) cut its forecast for 2024 adjusted

funds from operations on Wednesday, weighed down by weak U.S.

leisure travel demand and a slow recovery in Maui.

Demand for leisure travel in the United States was weak

during the third quarter, hurting companies like Host, whose

property portfolio is largely U.S. based.

After the Maui wildfires in August 2023, tourists have been

slow to return to the Hawaiian island.

Host has flagged in the past that there remains a perception

from would-be visitors that Maui is not ready to welcome back

guests to the island. It also said that soft demand has resulted

in airlines cutting seating capacity to the island.

The wildfires impacted room revenue at Host's Maui hotels

and golf courses by 190 basis points in the quarter.

It now expects a 2024 adjusted FFO of $1.92 per share,

compared with a midpoint of $1.94 per share expected previously

and analysts' expectations of $1.95 per share.

For the full year, Maui is expected to hurt revenue per

available room (RevPAR) by 220 basis points, when compared to

its expected pre-wildfire contribution. It is also expected to

lead to a decline in 2024 margins by approximately 20 basis

points and reduce full-year net income by $25 million.

Total revenue for quarter ended Sept. 30 was $1.32 billion,

marginally higher than market expectations of $1.30 billion,

helped by better sales of food and beverages.

The Maryland-based REIT reported a quarterly adjusted FFO of

36 cents per share, in line with Wall Street estimates, as per

data compiled by LSEG.