Park Hotels & Resorts (PK) Operating Expenses (2016 - 2026)

Park Hotels & Resorts' (PK) quarterly Operating Expenses came in at $559.0 million in Q1 2026, down 12.52% year-on-year from $639.0 million in Q1 2025, and down 30.47% on a QoQ basis from $804.0 million in Q4 2025.

Park Hotels & Resorts (PK) Operating Expenses (2016 - 2026) Analysis & Trends

Park Hotels & Resorts (PK) has 11 years of Operating Expenses data on file, last reported at $559.0 million in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 12.52% year-over-year to $559.0 million in Q1 2026; TTM through Mar 2026 was $2.6 billion, a 8.5% increase from a year earlier, with the FY2025 full-year figure at $2.6 billion, up 15.73% from the prior year.
  • Operating Expenses for Q1 2026 stood at $559.0 million, down from $804.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for PK reached as high as $812.0 million in Q2 2023 and fell as low as $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.
  • Across the five-year window, Operating Expenses jumped 65.97% in 2022 and retreated 28.57% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $581.0 million in 2022, then advanced by 3.61% to $602.0 million in 2023, then decreased by 5.98% to $566.0 million in 2024, then jumped by 42.05% to $804.0 million in 2025, then sank by 30.47% to $559.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $559.0 million in Q1 2026, $804.0 million in Q4 2025, and $567.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ryman Hospitality Properties 8.12 Bn 7.74 Bn 290.28 Mn 526.78 Mn
2 Apple Hospitality REIT 3.92 Bn 3.91 Bn 130.80 Mn 289.73 Mn
3 Park Hotels & Resorts 2.91 Bn 2.69 Bn 516.00 Mn 559.00 Mn
4 DiamondRock Hospitality 2.59 Bn 2.56 Bn 215.84 Mn 229.54 Mn
5 Sunstone Hotel Investors 2.19 Bn 2.03 Bn 259.54 Mn 231.29 Mn
6 Pebblebrook Hotel Trust 2.15 Bn 2.05 Bn 113.57 Mn 337.61 Mn
7 Xenia Hotels & Resorts 1.94 Bn 1.91 Bn 99.84 Mn 253.79 Mn
8 RLJ Lodging Trust 1.80 Bn 1.78 Bn - 312.17 Mn
9 Service Properties Trust 1.42 Bn 1.40 Bn 21.93 Mn 365.33 Mn
10 Summit Hotel Properties 730.53 Mn 1.08 Bn 148.71 Mn 170.88 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 373.00 Mn