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Dec 31, 2020
Park Hotels Q4 2020 Earnings Report
Park Hotels & Resorts Inc. reported results, showing a significant decline in RevPAR and a net loss due to the COVID-19 pandemic.
Key Takeaways
Park Hotels & Resorts Inc. reported a challenging fourth quarter and full year 2020, significantly impacted by the COVID-19 pandemic. Pro-forma RevPAR decreased significantly, and the company experienced a net loss. However, Park has taken proactive measures to mitigate the crisis, including increasing open hotels, reducing capital expenditures, and amending credit facilities.
Pro-forma RevPAR decreased by 84.5% compared to the same period in 2019.
Occupancy for consolidated hotels open during the fourth quarter was 35.3%.
Net loss attributable to stockholders was $(217) million.
The company increased the total number of open hotels to 50 of 60 since suspending operations in March 2020.
Revenue by Segment
Forward Guidance
Given the continued economic uncertainty, travel restrictions and rapidly changing circumstances related to the COVID-19 pandemic, Park is not providing an outlook for 2021 at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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