Park Hotels & Resorts Q3 RevPAR rises on group and leisure demand
PK•Park Hotels & Resorts’ third-quarter comparable RevPAR rose 8.4% year over year, while adjusted FFO per share increased 11.2% to $0.39. The company raised its 2026 RevPAR and adjusted EBITDA outlook.
1. Quarterly results
Comparable RevPAR rose 8.4% year over year, driven by group and leisure demand. Group room revenue increased more than 18%, and higher-rated leisure travel also supported performance. Adjusted FFO per share rose 11.2% to $0.39; the company reported a net loss of $15 million, or $0.10 per diluted share.
2. Raised outlook
Park Hotels & Resorts raised its full-year 2026 comparable RevPAR outlook to $205-$206 from $198-$201. It now expects adjusted EBITDA of $635 million-$645 million, up from its prior forecast of $617 million-$637 million. RevPAR gains at Casa Marina Key West and Waldorf Astoria Orlando were attributed to recent renovations.
