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| Date | Value |
|---|---|
| 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 |