Park Hotels & Resorts (PK) Misses Q4 EPS by 4c
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Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2021 Results
February 17, 2022 4:15 PM ESTTYSONS, Va., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2021 and provided an operational update on COVID-19.
Fourth quarter financial highlights include:
RevPAR was $110.22, an increase of 297.9% on a pro-forma basis from the same period in 2020 and a decrease of 37.6% from the same period in 2019;Occupancy for Parks 46 consolidated hotels open during the fourth quarter was 55.1%;Net loss and net loss attributable to stockholders were $(65) million and $(67) million,... More