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Dec 31, 2021
Park Hotels Q4 2021 Earnings Report
Park Hotels' Q4 2021 performance increased significantly year-over-year, driven by strong leisure demand and operational improvements, although still below 2019 levels.
Key Takeaways
Park Hotels & Resorts Inc. reported Q4 2021 results with significant year-over-year growth in RevPAR and occupancy. The company experienced a net loss, but Adjusted EBITDA and Adjusted FFO showed sequential improvements compared to the third quarter. The company also progressed in deleveraging its balance sheet through asset sales and debt repayment.
RevPAR increased by 297.9% on a pro-forma basis compared to Q4 2020, but decreased 37.6% from Q4 2019.
Occupancy for Park's consolidated hotels open during the fourth quarter was 55.1%.
Net loss attributable to stockholders was $(67) million.
Adjusted EBITDA was $81 million, marking a 3.4% increase compared to the third quarter of 2021.
Revenue by Segment
Forward Guidance
Park Hotels is not providing an outlook for full-year 2022 due to continued economic uncertainty, travel restrictions and rapidly changing circumstances related to the COVID-19.
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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