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Park Hotels & Resorts (NYSE:PK) reported third-quarter financial results on Thursday. The transcript from the company’s third-quarter earnings call has been provided below.This transcript is brought to you by
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Park Hotels & Resorts Inc. announced its financial results for the third quarter of 2026, reporting an Adjusted Funds From Operations (AFFO) of $0.39 per share and total revenue of $602.0 million.
Filed: 2026-11-04 AccNo: 0001617406-26-000047 Size: 8 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
As Q3 2026 earnings season unfolds, three hotel REITs—Host Hotels & Resorts, Park Hotels & Resorts, and RLJ Lodging Trust—are positioned for potential positive surprises. The hotel sector showed resilient growth with occupancy up 1.8% YoY and RevPAR climbing 7% YoY, though rising labor costs present headwinds. All three companies demonstrate favorable Earnings ESP metrics and strong historical beat rates, supported by robust leisure and group travel demand.
Three hotel REITs—Host Hotels & Resorts (HST), Park Hotels & Resorts (PK), and RLJ Lodging Trust (RLJ)—are expected to deliver positive earnings surprises in Q3 2026, driven by strong leisure and group demand, higher room rates, and strategic capital allocation. The hotel industry showed resilient growth with 7% RevPAR growth year-over-year, though rising labor costs remain a headwind.
BofA Securities has updated its price target for Park Hotels & Resorts Inc., increasing it from $13 to $14 while maintaining an "Underperform" rating.
Park Hotels & Resorts Inc. has released its 2026 Corporate Responsibility Report, detailing the company's performance and initiatives in environmental stewardship, social impact, and governance during 2025.