Park Hotels & Resorts Q3 revenue falls 4.4%; adjusted FFO down 5.6%
Park Hotels & Resorts reported third quarter 2024 total revenues of $649 million, down from $679 million a year earlier, and adjusted FFO attributable to stockholders of $102 million, down from $108 million. GAAP diluted EPS rose to $0.26 from $0.13, helped by gains on asset sales and derecognition, and the company said it will not update its full-year 2024 outlook until labor agreement negotiations are resolved.
Key points
- Total revenues were $649 million versus $679 million, a decline of 4.4%; Comparable RevPAR rose 3.3% to $189.73.
- Diluted EPS was $0.26 versus $0.13, while Adjusted FFO per diluted share was $0.49 versus $0.51.
- Full-year 2024 outlook was not updated due to uncertainty over labor union negotiations at operator hotels.
- The quarterly dividend remained $0.25 per share, paid October 15, 2024.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.