Park Hotels & Resorts Inc. (PK) Earnings Call Transcripts

Park Hotels & Resorts Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Park Hotels & Resorts Inc. (PK:US) reported revenue of $591 million, a 2% increase year-over-year, and adjusted EBITDA of $143 million, exceeding expectations. RevPAR grew 5.5% year-over-year, driven by strong leisure demand, particularly in resort properties. Management raised full-year guidance for RevPAR growth by 50 basis points to a range of 0.5% to 2.5%, and adjusted EBITDA guidance by $7 million to a new range of $587 million to $617 million, signaling confidence in ongoing demand trends despite geopolitical uncertainties.

Reported metrics

Guidance from management

Management raised full-year RevPAR growth guidance to 0.5% to 2.5% and adjusted EBITDA guidance to $587 million to $617 million, reflecting confidence in ongoing demand despite geopolitical uncertainties.

What management said

Yes, Smedes, we -- this is Sean. Obviously, in Q1, we had some outperformance top line. A lot of that was occupancy based. So we certainly naturally see while cost product grade room solid in terms of basically 50 basis points or so growth with the extra occupancy expense growth was a little more than expected as well. So we're kind of carrying that through much we do with the top line. into the expense. Certainly, i...

Yes, Smedes, the other part is we do have, obviously, some favorable comps coming up the heels of renovations and certainly some softening activity that we saw last year in Hawaii. So to Sean's point, we feel good about that. And if anything, it's conservative, but that's intentional given all the uncertainty right now.

What analysts pressed on

Analysts expressed concerns about the potential impact of geopolitical tensions and rising oil prices on travel demand. There were also questions regarding the pace of recovery in group bookings and the performance of the Royal Palm post-renovation.

Main topics on the call

• RevPAR Growth — RevPAR increased 5.5% year-over-year, with a notable 7.6% growth in resort properties, excluding the Royal Palm. Management stated, "I was incredibly impressed by the strong performance throughout the quarter, with RevPA...
• Capital Allocation Strategy — Park Hotels continues to execute its capital recycling strategy, having sold noncore assets for $31 million this year. Management emphasized, "We remain laser-focused on enhancing the overall portfolio quality through th...
• Guidance Update — Management raised full-year RevPAR growth guidance by 50 basis points and adjusted EBITDA by $7 million. The new guidance range for RevPAR is 0.5% to 2.5%, reflecting confidence in demand trends despite macroeconomic unc...
• Royal Palm Renovation Progress — The Royal Palm renovation is on track for completion by early June, with management stating, "We remain highly confident in the long-term outlook for this asset." Expected returns on invested capital are projected betwee...

Read the full Park Hotels & Resorts Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Park Hotels & Resorts Inc. earnings call transcripts on record, spanning February 27, 2020 to August 7, 2026. Based on this history, Park Hotels & Resorts Inc. reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PK

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Hotel and Resort REITs

Calls on record

27

First call

February 27, 2020

Most recent

August 7, 2026

Reporting cadence

quarterly