Park Hotels & Resorts (PK) Reports Q3 FFO of $0.42

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Go back to Park Hotels & Resorts (PK) Reports Q3 FFO of $0.42

Park Hotels & Resorts Inc. Reports Third Quarter 2022 Results

November 2, 2022 4:15 PM EDT

TYSONS, Va., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the third quarter ended September 30, 2022 and provided an operational update.

Third quarter financial highlights include:

Pro-forma RevPAR was $171.27, an increase of $65.34, or 61.7%, from the same period in 2021 and a decrease of 8.8% from the same period in 2019;Pro-forma occupancy was 71.7%, an increase of 1 percentage point from the second quarter of 2022 and a decrease of 13 percentage points from the same period in 2019;Net income and net income attributable to stockholders were... More