Park Hotels & Resorts (PK) Operating Expenses (2016 - 2026)
Park Hotels & Resorts (PK) reported 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 11 years of Operating Expenses data on file, last reported at $559.0 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $559.0 million, down 12.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.6 billion (up 8.5% YoY), and the FY2025 annual result was $2.6 billion, up 15.73% from the prior year.
- Operating Expenses declined to $559.0 million in Q1 2026 per PK's latest filing, from $804.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $812.0 million in Q2 2023 and troughed at $478.0 million in Q1 2022.
- A 5-year average of $604.6 million and a median of $581.0 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 65.97% in 2022, then slipped 28.57% in 2024.
- A 5-year view of Operating Expenses shows it stood at $581.0 million in 2022, then increased by 3.61% to $602.0 million in 2023, then declined by 5.98% to $566.0 million in 2024, then jumped by 42.05% to $804.0 million in 2025, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryman Hospitality Properties | 7.50 Bn | 7.12 Bn | 290.28 Mn | 526.78 Mn |
| 2 | Apple Hospitality REIT | 3.69 Bn | 3.68 Bn | 130.80 Mn | 289.73 Mn |
| 3 | Park Hotels & Resorts | 2.80 Bn | 2.58 Bn | 525.00 Mn | 559.00 Mn |
| 4 | DiamondRock Hospitality | 2.37 Bn | 2.34 Bn | 248.91 Mn | 229.54 Mn |
| 5 | Sunstone Hotel Investors | 2.16 Bn | 2.00 Bn | 226.95 Mn | 231.29 Mn |
| 6 | Pebblebrook Hotel Trust | 1.91 Bn | 1.81 Bn | 113.57 Mn | 337.61 Mn |
| 7 | Xenia Hotels & Resorts | 1.70 Bn | 1.65 Bn | 99.84 Mn | 253.79 Mn |
| 8 | RLJ Lodging Trust | 1.58 Bn | 1.24 Bn | - | 224.99 Mn |
| 9 | Summit Hotel Properties | 606.83 Mn | 612.28 Mn | 148.71 Mn | 170.88 Mn |
| 10 | Chatham Lodging Trust | 558.19 Mn | 571.00 Mn | 67.74 Mn | 63.82 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 |