Park Hotels & Resorts (NYSE: PK) reported Q1 FFO of $0.24, versus $0.67 reported last year. Revenue for the quarter came in at $599 million, versus $659 million reported last year.

Full-Year 2020 Outlook:

As noted in the Company's press release on March 9, 2020, given the economic uncertainty, travel restrictions and rapidly-changing circumstances related to the COVID-19 pandemic, Park has withdrawn its previously issued 2020 guidance. Park is not providing an updated outlook at this time.

The Company’s ability to predict future operating results is significantly impacted by the current COVID-19 pandemic. Park expects that the trends affecting the economy will continue to depress hotel operating results across the portfolio. The economic environment lacks sufficient clarity at this time to provide accurate guidance.

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