Park Hotels raises FY2026 RevPAR outlook to USD 198-201
PK•Guidance assumptions and cost impact
Guidance assumes a 30 bps World Cup benefit offset by a 30 bps Royal Palm renovation impact, and includes USD 13 million of incremental interest expense from refinancing.
Higher expectations for EBITDA, FFO and earnings
Adjusted EBITDA outlook increased to USD 617-637 from USD 587-617.
Adjusted FFO per diluted share was lifted to USD 1.9-2 from USD 1.74-1.9.
Net income is seen at USD 78-98, up from USD 66-96, while diluted EPS forecast is USD 0.35-0.45, up from USD 0.29-0.44.
FY2026 outlook raised after second-quarter outperformance
Park Hotels raised its full-year 2026 outlook on second-quarter outperformance, citing strong early third-quarter demand across its portfolio.
RevPAR forecast was lifted to USD 198-201, implying 3%-4.5% growth vs. 2025, up from USD 192-196, or 0.5%-2.5% growth.
