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Park Hotels & Resorts (PK) Revenue & Revenue Breakdown

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Park Hotels & Resorts Revenue Highlights

Latest Revenue (Y)

$2.70B

Latest Revenue (Q)

$649.00M

Main Segment (Y)

Occupancy

Main Geography (Y)

UNITED STATES

Park Hotels & Resorts Revenue by Period

Park Hotels & Resorts Revenue by Year

DateRevenueChange
2023-12-31$2.70B7.88%
2022-12-31$2.50B83.63%
2021-12-31$1.36B59.86%
2020-12-31$852.00M-70.04%
2019-12-31$2.84B3.91%
2018-12-31$2.74B-1.93%
2017-12-31$2.79B2.35%
2016-12-31$2.73B1.45%
2015-12-31$2.69B6.96%
2014-12-31$2.51B7.72%
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

DateRevenueChange
2024-09-30$649.00M-5.39%
2024-06-30$686.00M7.36%
2024-03-31$639.00M-2.74%
2023-12-31$657.00M-3.24%
2023-09-30$679.00M-4.90%
2023-06-30$714.00M10.19%
2023-03-31$648.00M-2.56%
2022-12-31$665.00M0.45%
2022-09-30$662.00M-4.75%
2022-06-30$695.00M45.09%
2022-03-31$479.00M6.21%
2021-12-31$451.00M6.62%
2021-09-30$423.00M30.96%
2021-06-30$323.00M95.76%
2021-03-31$165.00M46.02%
2020-12-31$113.00M15.31%
2020-09-30$98.00M133.33%
2020-06-30$42.00M-92.99%
2020-03-31$599.00M-26.05%
2019-12-31$810.00M20.54%
2019-09-30$672.00M-4.41%
2019-06-30$703.00M6.68%
2019-03-31$659.00M-3.94%
2018-12-31$686.00M5.21%
2018-09-30$652.00M-10.81%
2018-06-30$731.00M9.43%
2018-03-31$668.00M-2.62%
2017-12-31$686.00M-0.29%
2017-09-30$688.00M-6.14%
2017-06-30$733.00M7.16%
2017-03-31$684.00M2.09%
2016-12-31$670.00M-0.15%
2016-09-30$671.00M-7.45%
2016-06-30$725.00M9.68%
2016-03-31$661.00M-2.07%
2015-12-31$675.00M-0.88%
2015-09-30$681.00M-5.29%
2015-06-30$719.00M17.29%
2015-03-31$613.00M-

Park Hotels & Resorts generated $649.00M in revenue during Q3 2024, up -5.39% compared to the previous quarter, and up 90.90% 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/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
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
Food and Beverage$696.00M$606.00M$251.00M--
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/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Occupancy$403.00M$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
Hotel, Other$21.00M$22.00M$21.00M$21.00M$22.00M$22.00M$20.00M$21.00M$19.00M$19.00M$16.00M$16.00M--------
Ancillary Hotel$68.00M$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
Food and Beverage$157.00M$182.00M$182.00M$178.00M$159.00M$178.00M$181.00M$175.00M$148.00M$173.00M$110.00M$99.00M--------
Hotel Other------------$15.00M$12.00M$8.00M$4.00M$3.00M$3.00M$19.00M$18.00M
Food And Beverage------------$76.00M$54.00M$22.00M$15.00M$10.00M$3.00M$161.00M$209.00M

Park Hotels & Resorts's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Occupancy (62.10%), Food and Beverage (24.19%), Ancillary Hotel (10.48%), and Hotel, Other (3.24%).

Park Hotels & Resorts Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 21Dec 20Dec 19Dec 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

TickerCompanyLast Year RevenueLast Quarter Revenue
PKPark Hotels & Resorts$2.70B$649.00M
RHPRyman Hospitality Properties$2.16B$549.96M
PEBPebblebrook Hotel Trust$1.42B$404.53M
RLJRLJ Lodging Trust$1.33B$345.74M
DRHDiamondRock Hospitality$1.07B$285.13M
SHOSunstone Hotel Investors$986.48M$226.39M
INNSummit Hotel Properties$736.13M$176.81M

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 Q3 2024 was $649M, a -5.39% decrease from the previous quarter (Q2 2024), and a -4.42% decrease year-over-year (Q3 2023). The company'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). PK'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).

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 Ancillary Hotel, Hotel, Other, Occupancy, and Food and Beverage. 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. Food and Beverage generated $696M in revenue, accounting 25.80% of the company's total revenue, up 14.85% 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.