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
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