Park Hotels & Resorts (PK) Q1 2026 Earnings
How Did PK Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +4.66%.
Did PK Beat Earnings? Q1 2026 Results
Yes. Park Hotels & Resorts reported Q1 2026 earnings of $0.45 a share on Apr 30, 2026, beating the $0.08 consensus estimate by 462.5%. Revenue was $622.0M against a $607.4M estimate.
Park Hotels & Resorts delivered a emphatic earnings beat in the first quarter of 2026, posting adjusted EPS of $0.45 against a consensus estimate of just $0.08, a 462.50% beat that marked the company's fourth consecutive quarter of exceeding Wall Street's EPS expectations. Revenue came in at $622.00 million, ahead of the $607.40 million consensus by 2.40%, though it edged down 1.3% year-over-year as the ongoing Royal Palm South Beach Miami renovation weighed on top-line comparisons. The most meaningful driver of the profit swing was a dramatic reduction in impairment charges, from $70.00 million a year ago to just $5.00 million, combined with the elimination of $16.00 million in interest expense tied to the now-resolved San Francisco hotels receivership, helping net income reach $12.00 million versus a net loss of $57.00 million in Q1 2025. Operationally, strength at the Bonnet Creek complex in Orlando, where combined RevPAR rose approximately 16%, anchored the resort portfolio. Looking ahead, Park lifted its full-year Adjusted EBITDA guidance to $587.00 million-$617.00 million, though management flagged that potential tariff impacts and shifts in international travel patterns remain outside the forecast.
- Bonnet Creek complex RevPAR increased approximately 16% with group revenues up nearly 19% following transformative renovation
- Resort hotels drove portfolio performance with strong group and transient demand
- JW Marriott San Francisco Union Square RevPAR increased over 27% with group and transient revenues each up approximately 25%
- Caribe Hilton benefited from nearly 95% increase in group revenues driving 12% RevPAR growth
- Key West properties combined RevPAR increased approximately 9% on strong transient demand
- Hilton Santa Barbara Beachfront Resort RevPAR increased nearly 23%
- Hotel operating expenses limited to approximately 2.5% growth, within the lower end of full-year range
- Royal Palm suspension impacted Core RevPAR by over 390 basis points
- Super Bowl comp at Hilton New Orleans Riverside impacted Core RevPAR by nearly 170 basis points
- Severe storms at Hilton Hawaiian Village impacted combined Hawaii RevPAR by 340 basis points
“I am very pleased with our first quarter results, with Core RevPAR increasing over 5% year-over-year excluding the Royal Palm, driven by continued strength at our resort hotels. At the Bonnet Creek complex in Orlando, combined RevPAR increased approximately 16% as group revenues increased nearly 19%, further demonstrating the continued benefits from our transformative renovation and meeting space expansion.”
Park Hotels & Resorts CEO, on the earnings call
What Is Park Hotels & Resorts's Outlook?
Park raised its full-year 2026 outlook. Comparable RevPAR is now expected at $192–$196, up from $190–$194 (0.5%–2.5% growth vs. 2025). Net income is guided at $66M–$96M, Adjusted EBITDA at $587M–$617M (up from $580M–$610M), diluted EPS at $0.29–$0.44, and Adjusted FFO per diluted share at $1.74–$1.90. The outlook includes approximately $13M of incremental interest expense from refinancing $1.4B of maturing mortgage debt, hotel operating expense growth of 2.4%–3.4%, and a 30 basis point headwind from the Royal Palm renovation. The outlook does not include assumptions for tariff impacts, changes in international travel patterns, or government shutdowns.
PK YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $622.0M | $630.0M | −1.3% |
| Operating Income | $62.0M | $7.0M | +785.7% |
| Net Income | $12.0M | $5.4M | +121.1% |
PK Revenue by Segment
When Does Park Hotels & Resorts Report Next?
Figures from SEC filings and company reports. Not investment advice.