Park Hotels Provides Q4 Operating Trends & Capital Allocations [Yahoo! Finance]
Park Hotels & Resorts Inc. (PK)
Last park hotels & resorts inc. earnings: 2/26 04:15 pm
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pkhotelsandresorts.com
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Source: Yahoo! Finance
Preliminary results for November 2024 indicates that RevPAR is anticipated to be 3.9% lower than last year. However, excluding the impacts of the recently concluded strike activities in Honolulu, Boston and Seattle, the growth in RevPAR for November 2024 is expected to have improved by 510 basis points, resulting in a growth rate of 1.2%. The company expects the preliminary RevPAR for the fourth quarter of 2024 to be 2.7% lower. Nevertheless, excluding the recently resolved strike activity, there will likely be an impressive increase of 2.3%. Consequently, the full-year RevPAR year-over-year growth for 2024 is anticipated to be approximately 2.5% or 3.9% excluding the impact of the strike activity. Backed by strong group and leisure trends, in November 2024, the company witnessed year-over-year double-digit RevPAR growth at the renovated Bonnet Creek Orlando complex and Casa Marina Resort hotel in Key West. Solid demand from both group and business transient led to a double-dig
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News
- UNITE HERE Advisory: Assets behind Hilton USA Trust 2016-SFP struggle during receivership, strike [Yahoo! Finance]Yahoo! Finance
- Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Recognizes Year-to-Date Energy Star Certified Properties [Yahoo! Finance]Yahoo! Finance
- Park Hotels & Resorts Inc. Issues Annual Corporate Responsibility Report and Recognizes Year-to-Date Energy Star Certified PropertiesGlobeNewswire
- Park Hotels & Resorts Inc. (NYSE: PK) had its price target raised by analysts at Wells Fargo & Company from $16.00 to $17.00. They now have an "equal weight" rating on the stock.MarketBeat
- Park Hotels & Resorts Provides Update on Recent Operating Trends and Capital Allocation HighlightsGlobeNewswire
PK
Earnings
- 10/29/24 - Beat
PK
Sec Filings
- 11/12/24 - Form 8-K
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- PK's page on the SEC website