Park Hotels & Resorts (PK) Operating Expenses (2016 - 2026)
Park Hotels & Resorts (PK) posted quarterly Operating Expenses of $559.0 million for Q1 2026, down 12.52% year-over-year from $639.0 million in Q1 2025, and down 30.47% quarter-over-quarter from $804.0 million in Q4 2025.
Park Hotels & Resorts (PK) Operating Expenses (2016 - 2026) Analysis & Trends
Park Hotels & Resorts (PK) has reported Operating Expenses for 11 consecutive years, with $559.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 12.52% year-over-year to $559.0 million; the TTM figure through Mar 2026 stood at $2.6 billion (up 8.5% YoY), while the FY2025 annual figure was $2.6 billion, up 15.73% from the prior year.
- Operating Expenses slipped to $559.0 million in Q1 2026 per PK's latest filing, from $804.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $812.0 million in Q2 2023 and bottomed at $478.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $604.6 million across 5 years, with a median of $581.0 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 65.97% — and 2024, when it slipped 28.57%.
- Park Hotels & Resorts' Operating Expenses stood at $581.0 million in 2022, then rose by 3.61% to $602.0 million in 2023, then fell by 5.98% to $566.0 million in 2024, then surged by 42.05% to $804.0 million in 2025, then sank by 30.47% to $559.0 million in 2026.
- Business Quant data shows PK's Operating Expenses at $559.0 million in Q1 2026, $804.0 million in Q4 2025, and $567.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryman Hospitality Properties | 8.15 Bn | 7.78 Bn | 364.88 Mn | 574.43 Mn |
| 2 | Apple Hospitality REIT | 3.89 Bn | 3.88 Bn | 174.97 Mn | 314.51 Mn |
| 3 | Park Hotels & Resorts | 3.17 Bn | 2.90 Bn | 232.00 Mn | 583.00 Mn |
| 4 | DiamondRock Hospitality | 2.62 Bn | 2.52 Bn | 123.23 Mn | 244.94 Mn |
| 5 | Sunstone Hotel Investors | 2.09 Bn | 1.89 Bn | 242.17 Mn | 242.91 Mn |
| 6 | Pebblebrook Hotel Trust | 2.09 Bn | 1.83 Bn | 154.61 Mn | 349.90 Mn |
| 7 | Xenia Hotels & Resorts | 1.79 Bn | 1.68 Bn | 97.24 Mn | 295.46 Mn |
| 8 | RLJ Lodging Trust | 1.72 Bn | 780.07 Mn | - | 327.47 Mn |
| 9 | Service Properties Trust | 1.04 Bn | 1.03 Bn | 156.32 Mn | 548.44 Mn |
| 10 | Summit Hotel Properties | 645.89 Mn | 608.96 Mn | 138.35 Mn | 170.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 583.00 Mn |
| Mar 31, 2026 | 559.00 Mn |
| Dec 31, 2025 | 804.00 Mn |
| Sep 30, 2025 | 567.00 Mn |
| Jun 30, 2025 | 624.00 Mn |
| Mar 31, 2025 | 639.00 Mn |
| Dec 31, 2024 | 566.00 Mn |
| Sep 30, 2024 | 569.00 Mn |
| Jun 30, 2024 | 580.00 Mn |
| Mar 31, 2024 | 561.00 Mn |
| Dec 31, 2023 | 602.00 Mn |
| Sep 30, 2023 | 594.00 Mn |
| Jun 30, 2023 | 812.00 Mn |
| Mar 31, 2023 | 583.00 Mn |
| Dec 31, 2022 | 581.00 Mn |
| Sep 30, 2022 | 584.00 Mn |
| Jun 30, 2022 | 575.00 Mn |
| Mar 31, 2022 | 478.00 Mn |
| Dec 31, 2021 | 449.00 Mn |
| Sep 30, 2021 | 426.00 Mn |