Park Hotels & Resorts (PK) Reports Q2 FFO Loss of $0.16/sh
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Park Hotels & Resorts Inc. Reports Second Quarter 2021 Results
August 5, 2021 4:15 PM EDTTYSONS, Va., Aug. 05, 2021 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the second quarter ended June 30, 2021 and provided an operational update on COVID-19.
Second quarter financial highlights include:
Pro-forma RevPAR was $78.46, an increase of 909.7% from the same period in 2020 and a decrease of 59.2% from the same period in 2019;Pro-forma occupancy for Parks 42 consolidated hotels open during the entirety of the second quarter was 55.6%;Net loss and net loss attributable to stockholders were $(114) million and $(116) million,... More