Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Park Hotels & Resorts Q3 RevPAR rises on group and leisure demand

By Reuters News


Overview

  • U.S. lodging REIT's Q3 Comparable RevPAR rose 8.4% yr/yr, driven by group and leisure demand

  • Adjusted FFO per share rose 11.2% yr/yr to $0.39 in Q3

  • Company posted Q3 net loss of $15 mln, diluted loss per share of $0.10


Outlook

  • Company raises full-year 2026 Comparable RevPAR outlook to $205-$206, up from $198-$201

  • Company now expects full-year 2026 Adjusted EBITDA of $635 mln-$645 mln, up from $617 mln-$637 mln


Result Drivers

  • GROUP DEMAND - Co said group rooms revenue increased over 18% yr/yr, supporting portfolio performance

  • LEISURE TRAVEL - Higher-rated leisure travel further supported performance during the quarter

  • RENOVATION IMPACT - RevPAR gains at Casa Marina Key West and Waldorf Astoria Orlando attributed to recent renovations


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Loss Per Share

$0.10

Q3 Net Loss

$15 mln

Q3 Adjusted FFO Per Share

$0.39


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the specialized reits peer group is "buy."

  • Wall Street's median 12-month price target for Park Hotels & Resorts Inc is $16.00, about 4.3% below its November 3 closing price of $16.72

  • The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 34 three months ago


Reuters Recommended Reads

  • Nov 3 - Summit Hotel Properties Q3 revenue beats estimates on business travel recovery, strong group demand

  • Nov 3 - DiamondRock Hospitality Q3 net income, adjusted FFO rise

  • Nov 3 - Xenia Hotels Q3 net loss narrows adjusted FFO per share up 56%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.