Park Hotels & Resorts

Park Hotels & Resorts, Inc. operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Park Hotels & Resorts excels in 2022, eyes growth in RevPAR and operational efficiency

Park Hotels & Resorts' 2022 performance demonstrated resilience and strategic focus, with a strong balance sheet and guidance for growth in 2023. While challenges exist in certain markets, opportunities for improvement through asset management and operational enhancements are on the horizon.

Park Hotels & Resorts excels in Q1, eyes group demand growth

Park Hotels & Resorts reported a successful Q1 with strong financial metrics and optimistic outlook for the future. The company is increasing full-year guidance, focusing on group demand, expense management, and capital recycling through asset sales. Despite challenges like capital investments and tax implications, Park Hotels & Resorts remains confident in its recovery and growth strategies.

Park Hotels & Resorts Reports Solid Q2 Performance Amid San Francisco Challenges

Despite challenges in San Francisco and moderated EBITDA expectations, the overall performance was solid, especially in Hawaii. The company is focused on optimizing its portfolio and improving liquidity through asset sales.

Park Hotels & Resorts excels in Q3, eyes strategic growth

Park Hotels & Resorts delivered a solid Q3 performance with improved RevPAR and balance sheet metrics.
The company is focused on cost savings, strategic projects, and reshaping the portfolio for enhanced shareholder value.
Opportunities lie in acquisitions, market growth, and strong demand in key markets like Hawaii and New York.
Challenges include managing exposure in specific markets and reducing leverage to target levels for financial stability.

Park Hotels & Resorts excels in Q4, eyes robust 2024 growth

Park Hotels & Resorts had a strong Q4 2023, with positive outlook for 2024. The company's balance sheet is healthy, and it aims for continued growth through strategic investments and returning capital to shareholders.

Park Hotels & Resorts excels in Q1, eyes strategic growth

Park Hotels & Resorts reported a robust Q1 performance with revenue growth driven by strong group demand and strategic investments.
The company's focus on cost management, portfolio optimization, and revenue diversification positions it well for sustained growth and value creation.
Challenges include managing renovation impacts, labor costs, and asset sales alignment, while opportunities lie in leveraging market trends and portfolio reshaping.
Overall, Park Hotels & Resorts remains optimistic about sustained growth, supported by positive outlook, increased guidance, and ongoing operational enhancements.

Park Hotels & Resorts reports strong Q2 performance and eyes growth opportunities

Park Hotels & Resorts had a productive quarter, focusing on balance sheet improvements, capital allocation, and strong performance in key markets. Despite challenges like renovation disruptions and weaker inbound travel, the company maintains a positive outlook with strategic growth plans and asset management strategies.

Park Hotels & Resorts reports solid Q3 performance and growth opportunities

Park Hotels & Resorts demonstrated resilience amidst disruptions, focusing on growth opportunities and strategic asset management.
Challenges from natural disasters and labor strikes were mitigated by strong performance in key markets and proactive portfolio reshaping.
With a solid foundation and growth initiatives in place, Park Hotels & Resorts is poised for continued success and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

I bought shares in the company in 2019 and sold them after the dividend was suspended. The company had to deal with circumstances where nothing it would do will allow it to maintain the dividend.

It Is Not The Time To Invest In Park Hotels & Resorts. Yet

Investors need to pay close attention to Park Hotels & Resorts (PK) stock based on the movements in the options market lately.

Implied Volatility Surging for Park Hotels & Resorts (PK) Stock Options

American Airlines

Comcast

Hawaiian Hlds

Lyft

Ruth's Hospitality Group

Spirit Airlines

Consumer sentiment appears to be getting better, which may lull you into buying travel stocks. However, investors should be careful.

7 Travel Stocks That May Have More Downside Ahead

Choice Hotels Int.

Delta Air Lines

Hyatt Hotels

Hilton Worldwide Holdings

InterContinental Hotels Group

JetBlue Airways

Southwest Airlines

Marriott

MGM Resorts

Madison Square Garden

Red Lion Hotels

Extended Stay America

United Continental Hlds

Marriott Vacations Worldwide

Wyndham Hotels & Resorts Inc

Wyndham Destinations Inc

Services company stocks, especially those linked to travel and leisure, have room to rocket higher next year as consumers venture out again after spending on goods but cutting back on services during the pandemic, hedge fund manager Dinakar Singh said.

Axon Capital's Singh sees vaccine boosting travel, entertainment stocks

Murphy Oil

Peloton

TripAdvisor

Trupanion

After more positive vaccine-related news fueled another market surge yesterday, the Dow sharply dropped after poorer than expected retail sales data came in for the month of October. Our deep learning algorithms have crunched the data to give you a set of Top Shorts.

Markets Set To Drop After Furious Rally-Top Shorts Today

Carnival

Norwegian Cruise Line

Royal Caribbean Cruises

Airline, hotel, and cruise stocks surged in early Monday trading as Moderna's encouraging vaccine trial results spurred fresh optimism for an end to the coronavirus pandemic. The biotech company announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in a preliminary analysis. The update comes one week after Pfizer and BioNTech revealed similarly positive results from early trials of their own vaccine. While both candidates still need to receive approval from the US Food and Drug Administration, their supposed effectiveness suggests a nationwide rollout could come in 2021. 

Travel stocks rally after Moderna's vaccine progress lifts hopes for near-term reopening

Expedia

Pfizer's vaccine announcement gives new life to the travel sector.

Why Marriott International, Park Hotels, and Expedia Stocks All Popped on Today's Vaccine News

Even if a coronavirus vaccine is released next year, the battered lodging industry will take several years to recover.

The hotel industry may not recover until 2023

Booking Hlds

Everything's up in the air right now. Health experts have long warned us not to get too excited about vaccine trials before the full range of data can be examined, but investors in the travel industry are doing just that.

Airline, hotel, and travel stocks poised for Monday rally on Pfizer vaccine news

Park Hotels & Resorts has seen a sequential improvement in its latest Q3 operating performance. I see continued improvement in Q4, but the road to profitability will be challenging.

Park Hotels & Resorts: Don't Check-In Just Yet

Park Hotels & Resorts Inc. (PK) CEO Tom Baltimore on Q3 2020 Results - Earnings Call Transcript

Park Hotels & Resorts (PK) delivered FFO and revenue surprises of -18.87% and -25.32%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Park Hotels & Resorts (PK) Reports Q3 Loss, Lags Revenue Estimates

TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts reports Third Quarter 2020 results.

Park Hotels & Resorts Inc. Reports Third Quarter 2020 Results

The Covid-19 pandemic has wreaked havoc on the hotel industry. Thom Geshay, president of Davidson Hotels & Resorts, shares predictions of what it will take, and when, for a full recovery.

Insider View: When Will The Hotel Industry Recover?

TYSONS, Va.--(BUSINESS WIRE)---- $PK #pk--Park Hotels & Resorts announces appointment of Nancy M. Vu as Senior Vice President, General Counsel and Secretary.

Park Hotels & Resorts Inc. Announces Appointment of Nancy M. Vu as Senior Vice President, General Counsel and Secretary

The hotel industry is crumbling -- and Uncle Sam may not be coming to the rescue.

Hotel workers and CEOs are furious with Congress for failing to help

Disney

Been on a plane lately? If, like many of us, the answer is no, you’re probably part of the reason the airline and travel industry’s Q3 earnings prospects remain grounded.

Turbulent Travel Quarter: Airlines And Hotels Struggle As Disney Shakes Up Structure

Business travelers have historically generated more than half, and in some cases as much as 75% of carriers’ profits. Deepening pessimism over when they'll hit the road again has profound implications for airlines.

Business Travel Demand Won’t Bounce Back In 2021, And Maybe Not For Years

TYSONS, Va.--(BUSINESS WIRE)---- $PK #earnings--Park Hotels & Resorts announces third quarter earnings conference call on November 6, 2020.

Park Hotels & Resorts Announces Third Quarter 2020 Earnings Conference Call on November 6, 2020

Bear of the Day: Park Hotels (PK)

Duke Realty

Industrial Logistics Properties

RLJ Lodging Trust

REITs offers the real estate structure for most economic activities, be it real or virtual, and so there are pockets of strengths and weaknesses too, particularly amid the current turbulent situation.

2 REITs to Buy, 2 to Sell as Social Distancing Gets a Thumbs Up

Apple Hospitality REIT

CorePoint Lodging Inc

Four Corners Property Trust

GreenTree Hospitality Group

Host Hotels & Resorts

China Lodging Group

Service Properties Trust

These are the best stocks for hotel management companies and hotel REITs.

Top Hotel Stocks for Q4 2020

TYSONS, Va.--(BUSINESS WIRE)--Park Hotels & Resorts Inc.

Park Hotels & Resorts Inc. Announces Closing of $725 Million of 5.875% Senior Secured Notes Due 2028

The hotel REIT has opened hotels, cut expenses, and increased liquidity.

Park Hotels and Resorts Sees Stock Price Jump on Update

Park Hotels & Resorts Inc. Provides Business Update

News for Park Hotels & Resorts Stock (PK)