Park Hotels & Resorts Inc. reported second quarter 2026 results that exceeded top-line expectations, driven by a 9.5% surge in group rooms revenue and strong performance across its resort portfolio. Despite an EPS miss, the company significantly raised its full-year RevPAR guidance, citing robust demand trends and successful ROI projects at key properties like the Hilton Hawaiian Village and Bonnet Creek complex.

Key Highlights

  • Total revenue reached $680 million, a 3.3% beat against analyst estimates of $658.3 million.
  • Comparable RevPAR grew 5.8% year-over-year to $216.87, benefiting from the completion of guestroom renovations at major Hawaii towers.
  • Management increased full-year 2026 RevPAR growth guidance to 3.0%–4.5%, a substantial jump from the previous 0.5%–2.5% range.
  • The company successfully exited four non-core hotels since Q1 2026 for $65 million, representing a 13.7x EBITDA multiple including avoided capital expenditures.