Park Hotels & Resorts (PK) Revenue & Revenue Breakdown
Park Hotels & Resorts Revenue Highlights
Latest Revenue (Y)
$2.70B
Latest Revenue (Q)
$686.00M
Main Segment (Y)
Occupancy
Main Geography (Y)
UNITED STATES
Park Hotels & Resorts Revenue by Period
Park Hotels & Resorts Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $2.70B | 7.88% |
| 2022-12-31 | $2.50B | 83.63% |
| 2021-12-31 | $1.36B | 59.86% |
| 2020-12-31 | $852.00M | -70.04% |
| 2019-12-31 | $2.84B | 3.91% |
| 2018-12-31 | $2.74B | -1.93% |
| 2017-12-31 | $2.79B | 2.35% |
| 2016-12-31 | $2.73B | 1.45% |
| 2015-12-31 | $2.69B | 6.96% |
| 2014-12-31 | $2.51B | 7.72% |
| 2013-12-31 | $2.33B | - |
Park Hotels & Resorts generated $2.70B in revenue during NA 2023, up 7.88% compared to the previous quarter, and up 98.58% compared to the same period a year ago.
Park Hotels & Resorts Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $686.00M | 7.36% |
| 2024-03-31 | $639.00M | -2.74% |
| 2023-12-31 | $657.00M | -3.24% |
| 2023-09-30 | $679.00M | -4.90% |
| 2023-06-30 | $714.00M | 10.19% |
| 2023-03-31 | $648.00M | -2.56% |
| 2022-12-31 | $665.00M | 0.45% |
| 2022-09-30 | $662.00M | -4.75% |
| 2022-06-30 | $695.00M | 45.09% |
| 2022-03-31 | $479.00M | 6.21% |
| 2021-12-31 | $451.00M | 6.62% |
| 2021-09-30 | $423.00M | 30.96% |
| 2021-06-30 | $323.00M | 95.76% |
| 2021-03-31 | $165.00M | 46.02% |
| 2020-12-31 | $113.00M | 15.31% |
| 2020-09-30 | $98.00M | 133.33% |
| 2020-06-30 | $42.00M | -92.99% |
| 2020-03-31 | $599.00M | -26.05% |
| 2019-12-31 | $810.00M | 20.54% |
| 2019-09-30 | $672.00M | -4.41% |
| 2019-06-30 | $703.00M | 6.68% |
| 2019-03-31 | $659.00M | -3.94% |
| 2018-12-31 | $686.00M | 5.21% |
| 2018-09-30 | $652.00M | -10.81% |
| 2018-06-30 | $731.00M | 9.43% |
| 2018-03-31 | $668.00M | -2.62% |
| 2017-12-31 | $686.00M | -0.29% |
| 2017-09-30 | $688.00M | -6.14% |
| 2017-06-30 | $733.00M | 7.16% |
| 2017-03-31 | $684.00M | 2.09% |
| 2016-12-31 | $670.00M | -0.15% |
| 2016-09-30 | $671.00M | -7.45% |
| 2016-06-30 | $725.00M | 9.68% |
| 2016-03-31 | $661.00M | -2.07% |
| 2015-12-31 | $675.00M | -0.88% |
| 2015-09-30 | $681.00M | -5.29% |
| 2015-06-30 | $719.00M | 17.29% |
| 2015-03-31 | $613.00M | - |
Park Hotels & Resorts generated $686.00M in revenue during Q2 2024, up 7.36% compared to the previous quarter, and up 105.86% compared to the same period a year ago.
Park Hotels & Resorts Revenue Breakdown
Park Hotels & Resorts Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Food and Beverage | $696.00M | $606.00M | $251.00M | - | - |
| Ancillary Hotel | $264.00M | $261.00M | $190.00M | $108.00M | $253.00M |
| Hotel, Other | $85.00M | $75.00M | $51.00M | - | - |
| Occupancy | $1.65B | $1.56B | $870.00M | $526.00M | $1.77B |
| Hotel Other | - | - | - | $29.00M | $77.00M |
| Food And Beverage | - | - | - | $189.00M | $743.00M |
Park Hotels & Resorts's latest annual revenue breakdown by segment (product or service), as of Dec 23: Occupancy (61.27%), Food and Beverage (25.80%), Ancillary Hotel (9.79%), and Hotel, Other (3.15%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Food and Beverage | $182.00M | $182.00M | $178.00M | $159.00M | $178.00M | $181.00M | $175.00M | $148.00M | $173.00M | $110.00M | $99.00M | - | - | - | - | - | - | - | - | - |
| Occupancy | $416.00M | $374.00M | $397.00M | $432.00M | $442.00M | $382.00M | $406.00M | $428.00M | $433.00M | $292.00M | $283.00M | $274.00M | $207.00M | $106.00M | $73.00M | $70.00M | $21.00M | $362.00M | $500.00M | $431.00M |
| Hotel, Other | $22.00M | $21.00M | $21.00M | $22.00M | $22.00M | $20.00M | $21.00M | $19.00M | $19.00M | $16.00M | $16.00M | - | - | - | - | - | - | - | - | - |
| Ancillary Hotel | $66.00M | $62.00M | $61.00M | $66.00M | $72.00M | $65.00M | $63.00M | $67.00M | $70.00M | $61.00M | $53.00M | $58.00M | $50.00M | $29.00M | $21.00M | $15.00M | $15.00M | $57.00M | $83.00M | $63.00M |
| Hotel Other | - | - | - | - | - | - | - | - | - | - | - | $15.00M | $12.00M | $8.00M | $4.00M | $3.00M | $3.00M | $19.00M | $18.00M | $22.00M |
| Food And Beverage | - | - | - | - | - | - | - | - | - | - | - | $76.00M | $54.00M | $22.00M | $15.00M | $10.00M | $3.00M | $161.00M | $209.00M | $156.00M |
Park Hotels & Resorts's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Occupancy (60.64%), Food and Beverage (26.53%), Ancillary Hotel (9.62%), and Hotel, Other (3.21%).
Park Hotels & Resorts Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|
| UNITED STATES | $1.36B | - | - | - |
| Total Of All Other Countries | - | $3.00M | $40.00M | $61.00M |
Park Hotels & Resorts's latest annual revenue breakdown by geography, as of Dec 21: UNITED STATES (100.00%).
Park Hotels & Resorts Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PK | Park Hotels & Resorts | $2.70B | $686.00M |
| RHP | Ryman Hospitality Properties | $2.16B | $613.29M |
| PEB | Pebblebrook Hotel Trust | $1.42B | $397.11M |
| RLJ | RLJ Lodging Trust | $1.33B | $369.30M |
| DRH | DiamondRock Hospitality Company | $1.07B | $309.28M |
| SHO | Sunstone Hotel Investors | $986.48M | $217.17M |
| INN | Summit Hotel Properties | $736.13M | $193.90M |
| HT | Hersha Hospitality Trust | $405.87M | $91.98M |
PK Revenue FAQ
What is Park Hotels & Resorts’s yearly revenue?
Park Hotels & Resorts's yearly revenue for 2023 was $2.7B, representing an increase of 7.88% compared to 2022. The company's yearly revenue for 2022 was $2.5B, representing an increase of 83.63% compared to 2021. PK's yearly revenue for 2021 was $1.36B, representing an increase of 59.86% compared to 2020.
What is Park Hotels & Resorts’s quarterly revenue?
Park Hotels & Resorts's quarterly revenue for Q2 2024 was $686M, a 7.36% increase from the previous quarter (Q1 2024), and a -3.92% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $639M, a -2.74% decrease from the previous quarter (Q4 2023), and a -1.39% decrease year-over-year (Q1 2023). PK's quarterly revenue for Q4 2023 was $657M, a -3.24% decrease from the previous quarter (Q3 2023), and a -1.20% decrease year-over-year (Q4 2022).
What is Park Hotels & Resorts’s revenue growth rate?
Park Hotels & Resorts's revenue growth rate for the last 3 years (2021-2023) was 98.09%, and for the last 5 years (2019-2023) was -5.13%.
What are Park Hotels & Resorts’s revenue streams?
Park Hotels & Resorts's revenue streams in c 23 are Food and Beverage, Ancillary Hotel, Hotel, Other, and Occupancy. Food and Beverage generated $696M in revenue, accounting 25.80% of the company's total revenue, up 14.85% year-over-year. Ancillary Hotel generated $264M in revenue, accounting 9.79% of the company's total revenue, up 1.15% year-over-year. Hotel, Other generated $85M in revenue, accounting 3.15% of the company's total revenue, up 13.33% year-over-year. Occupancy generated $1.65B in revenue, accounting 61.27% of the company's total revenue, up 6.03% year-over-year.
What is Park Hotels & Resorts’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Park Hotels & Resorts was Occupancy. This segment made a revenue of $1.65B, representing 61.27% of the company's total revenue.