Park Hotels & Resorts Reports Strong Q3 2026 Results and Raises Full-Year Guidance
Park Hotels & Resorts (PK) reported robust third-quarter 2026 results, characterized by an 8.4% increase in comparable Revenue Per Available Room (RevPAR) to $201.02. This growth was driven by strong demand across both urban and resort segments, with notable RevPAR surges in Washington DC (+33%) and Chicago (+15%). Despite a net loss of $18 million, the company saw an 11.2% increase in diluted adjusted Funds From Operations (FFO) per share to $0.39. Reflecting this outperformance, management raised its full-year guidance for RevPAR, Adjusted EBITDA, and Adjusted FFO per share. While operational performance remains strong, the company noted headwinds including weather-related disruptions in Hawaii due to hurricanes and rising utility costs impacting operating margins. The company also continues its strategic asset disposition program, having sold 11 non-core hotels to generate approximately $220 million in gross proceeds.
Tickers: $PK
Topics: EBITDA Guidance Hotel Industry Revenue RevPAR