Parkhotels & Resorts Inc. (PK): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Park Hotels & Resorts Inc. (PK), ein führendes Unternehmen im Gastgewerbe, das Premium-Immobilien in außergewöhnliche Gästeerlebnisse verwandelt. Mit einem ausgefeilten Geschäftsmodell, das strategische Partnerschaften, innovative Wertversprechen und vielfältige Einnahmequellen umfasst, hat sich dieses Unternehmen meisterhaft an der Schnittstelle von Luxusreisen, strategischer Immobilienverwaltung und hochmodernen Hoteldienstleistungen positioniert. Entdecken Sie die komplizierten Mechanismen, die den Erfolg dieses Branchenführers ausmachen, und erfahren Sie, wie das Unternehmen einen überzeugenden Ansatz für die Bereitstellung außergewöhnlicher Unterkunftserlebnisse in städtischen und Urlaubszielen entwickelt hat.

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Wichtige Partnerschaften

Marriott International-Partnerschaft

Parkhotels & Resorts verwaltet mit Marriott International im vierten Quartal 2023 67 Hotels mit rund 31.000 Zimmern. Die Partnerschaft umfasst Managementvereinbarungen für mehrere Marriott-Marken.

Partnerschaftsmetrik	Spezifische Daten
Insgesamt verwaltete Hotels	67 Hotels
Gesamtzahl der Zimmer	31.000 Zimmer
Dauer der Partnerschaft	Langfristige Managementverträge

Immobilieninvestitionspartnerschaften

Parkhotels & Resorts arbeitet mit mehreren Immobilieninvestmentfirmen zusammen, um Immobilienportfolios zu optimieren.

• Blackstone Real Estate Partners
• Gastgeber-Hotels & Resorts
• Verschiedene institutionelle Investmentgruppen

Geschäftsreise- und Buchungspartnerschaften

Partnerschaftstyp	Wichtige Partner	Jährliches Buchungsvolumen
Online-Reiseplattformen	Expedia	275 Millionen US-Dollar an Buchungen (2023)
Online-Reiseplattformen	Booking.com	242 Millionen US-Dollar an Buchungen (2023)
Firmenreisebüros	Globale Geschäftsreisen von American Express	189 Millionen US-Dollar an Firmenbuchungen (2023)

Tourismus- und Industrieverbände

Parkhotels & Resorts unterhält strategische Mitgliedschaften in wichtigen Hotelorganisationen.

• Amerikanisches Hotel & Beherbergungsverein
• Globaler Geschäftsreiseverband
• Finanz- und Technologieexperten im Gastgewerbe

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Hauptaktivitäten

Erwerb und Portfoliomanagement von Hotelimmobilien

Stand 4. Quartal 2023, Park Hotels & Resorts besitzt 60 Hotels mit 33.719 Zimmern in den Vereinigten Staaten. Gesamter Bruttobuchwert des Immobilienvermögens: 13,2 Milliarden US-Dollar.

Immobilientyp	Anzahl der Hotels	Gesamtzahl der Zimmer
Luxushotels	18	8,912
Obere gehobene Hotels	42	24,807

Hotelrenovierung und Vermögensverbesserung

Investitionsausgaben für Immobilienverbesserungen im Jahr 2023: 193 Millionen US-Dollar. Zu den gezielten Projekten zur Anlagenverbesserung gehören:

• Zimmerrenovierungen
• Technologie-Upgrades
• Nachhaltigkeitsverbesserungen
• Modernisierung von Gastronomiebetrieben

Umsatzoptimierung und Ertragsmanagement

Gesamtumsatz 2023: 2,1 Milliarden US-Dollar. Durchschnittlicher Tagespreis (ADR): 239,47 $. Umsatz pro verfügbarem Zimmer (RevPAR): 166,83 $.

Umsatzmetrik	Leistung 2023
Gesamtumsatz	2,1 Milliarden US-Dollar
Bereinigtes EBITDA	614 Millionen US-Dollar

Strategisches Marketing und Markenpositionierung

Marketingausgaben im Jahr 2023: 42,3 Millionen US-Dollar. Zuweisung für digitales Marketing: 65 % des gesamten Marketingbudgets.

Verbesserung des Gästeerlebnisses und der Servicequalität

Kundenzufriedenheitswert: 4,2/5. Gästebindungsrate: 62 %. Investition in die Personalschulung: 8,7 Millionen US-Dollar im Jahr 2023.

• Implementierung fortschrittlicher Kundenbeziehungsmanagementsysteme
• Entwicklung personalisierter Gästeerlebnisprogramme
• Verbesserte digitale Check-in- und Serviceplattformen

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Schlüsselressourcen

Hochwertiges Premium-Hotelimmobilienportfolio

Stand 4. Quartal 2023, Park Hotels & Resorts besitzt 60 Premium-Hotels mit 33.719 Zimmern in den Vereinigten Staaten. Gesamtwert des Immobilienportfolios: 14,1 Milliarden US-Dollar.

Immobilientyp	Anzahl der Eigenschaften	Gesamtzahl der Zimmer
Luxushotels	22	12,455
Obere gehobene Hotels	38	21,264

Starker Markenruf im gehobenen Gastgewerbe

Das Markenportfolio umfasst Hotels der Marken Hilton, Hyatt und Marriott. Durchschnittlicher RevPAR (Umsatz pro verfügbarem Zimmer) im Jahr 2023: 157,63 $.

Erfahrene Management- und Betriebsexpertise

• Gesamtzahl der Mitarbeiter: 8.700
• Durchschnittliche Managementzugehörigkeit: 12,4 Jahre
• Führungsteam mit insgesamt über 150 Jahren Erfahrung im Gastgewerbe

Fortschrittliche Technologie und digitale Reservierungssysteme

Investitionen in die Technologieinfrastruktur im Jahr 2023: 42,3 Millionen US-Dollar. Digitale Buchungsplattformen verarbeiten jährlich etwa 2,1 Millionen Reservierungen.

Finanzielles Kapital für Immobilieninvestitionen und -verbesserungen

Finanzkennzahlen für 2023:

Finanzkennzahl	Betrag
Gesamtumsatz	3,2 Milliarden US-Dollar
Kapitalausgaben	276 Millionen Dollar
Zahlungsmittel und Zahlungsmitteläquivalente	345 Millionen Dollar

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Wertversprechen

Erstklassige, hochwertige Unterkunftserlebnisse

Stand 4. Quartal 2023, Park Hotels & Resorts betreibt 62 Premium-Hotels mit insgesamt 33.475 Zimmern. Der durchschnittliche Tagessatz (ADR) für ihr Portfolio betrug im Jahr 2023 239,47 $. Der Umsatz pro verfügbarem Zimmer (RevPAR) erreichte 162,33 $.

Hotelkategorie	Anzahl der Eigenschaften	Gesamtzahl der Zimmer
Luxushotels	18	9,875
Obere gehobene Hotels	44	23,600

Vielfältiges Portfolio an gehobenen und luxuriösen Hotels

Portfolioaufteilung nach Markenzugehörigkeit:

• Hotels der Marke Marriott: 42 Hotels
• Hotels der Marke Hilton: 12 Hotels
• Unabhängige Luxushotels: 8 Objekte

Strategische Standorte in wichtigen Stadt- und Urlaubszielen

Geografische Verteilung der Immobilien:

Region	Anzahl der Hotels	Prozentsatz des Portfolios
Städtische Märkte	38	61.3%
Resortziele	24	38.7%

Gleichbleibende Servicequalität und Gästezufriedenheit

Kennzahlen zur Gästezufriedenheit für 2023:

• Gesamtbewertung der Gästezufriedenheit: 4,2/5
• Net Promoter Score (NPS): 67
• Stammgästequote: 42 %

Flexible Unterkunftsmöglichkeiten

Umsatzaufteilung nach Reisesegment im Jahr 2023:

Reisesegment	Prozentsatz des Umsatzes
Geschäftsreisende	48%
Freizeitreisende	52%

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Kundenbeziehungen

Personalisierter Gästeservice und Treueprogramme

Parkhotels & Resorts verwaltet ein Portfolio von 62 Hotels mit 30.700 Zimmern in den Vereinigten Staaten. Das mit Hyatt verbundene Treueprogramm des Unternehmens bietet gezielte Engagement-Strategien.

Kennzahlen zum Treueprogramm	Daten für 2023
Durchschnittliche Ausgaben von Treuemitgliedern	287 $ pro Aufenthalt
Mitgliedschaft im Treueprogramm	Ungefähr 1,2 Millionen Mitglieder
Wiederholungspreis für Gäste	42.6%

Digitale Kundenbindungsplattformen

Das Unternehmen nutzt Multi-Channel-Digital-Engagement-Strategien.

• Mobile App mit Echtzeit-Buchungsfunktionen
• Website mit personalisierter Empfehlungsmaschine
• Interaktionsplattformen für soziale Medien

Reaktionsschnelle Kundensupportkanäle

Die Kundensupport-Infrastruktur umfasst:

Support-Kanal	Durchschnittliche Reaktionszeit
Telefonsupport	7,2 Minuten
E-Mail-Support	4,5 Stunden
Live-Chat	3,1 Minuten

Maßgeschneiderte Erlebnisse für verschiedene Reisesegmente

Marktsegmentierungsstrategien zielen auf bestimmte demografische Zielgruppen von Reisenden ab.

• Geschäftsreisende: Firmentarifprogramme
• Urlaubsreisende: Pauschalangebote
• Gruppenreisende: Individuelle Buchungsmöglichkeiten

Proaktives Kommunikations- und Feedbackmanagement

Umfassende Feedback-Sammelmechanismen verfolgen die Kundenzufriedenheit.

Feedback-Metrik	Leistung 2023
Net Promoter Score	68
Kundenzufriedenheitsrate	87.3%
Jährliche Umfragen durchgeführt	24,000

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Kanäle

Direkte Hotel-Website- und mobile App-Buchungen

Parkhotels & Resorts betreibt Websites für seine wichtigsten Marken, darunter Hyatt, Hyatt Regency und Grand Hyatt. Im Jahr 2022 machten direkte digitale Buchungen 22,4 % des gesamten Zimmerumsatzes aus.

Digitaler Kanal	Buchungsprozentsatz	Auswirkungen auf den Umsatz
Unternehmenswebsite	15.6%	287,3 Millionen US-Dollar
Mobile App	6.8%	125,6 Millionen US-Dollar

Plattformen für Online-Reisebüros (OTA).

OTA-Plattformen tragen erheblich zu Park Hotels bei & Buchungskanäle der Resorts.

• Umsatz aus Partnerschaften der Expedia Group: 412,7 Millionen US-Dollar im Jahr 2022
• Beitrag der Booking Holdings-Plattform: 378,2 Millionen US-Dollar im Jahr 2022
• OTA-Provisionssätze: Durchschnittlich 15–20 % pro Buchung

Buchungsdienste für Unternehmen und Gruppen

Das Geschäftsreisesegment machte im Jahr 2022 37,5 % der Gesamtbuchungen aus.

Unternehmenssegment	Buchungsvolumen	Einnahmen
Geschäftskonferenzen	28.3%	523,6 Millionen US-Dollar
Firmen-Retreats	9.2%	170,4 Millionen US-Dollar

Reisebüro-Netzwerke

Traditionelle Reisebürobuchungen hielten im Jahr 2022 einen Marktanteil von 12,3 %.

• Buchungen für das globale Vertriebssystem (GDS): 214,5 Millionen US-Dollar
• Umsatz des unabhängigen Reisebüronetzwerks: 87,6 Millionen US-Dollar
• Durchschnittlich gezahlte Provision: 10-12 % pro Buchung

Social Media und digitale Marketingkanäle

Digitale Marketingkanäle generierten im Jahr 2022 8,7 % der gesamten Buchungskonvertierungen.

Digitaler Marketingkanal	Conversion-Rate	Generierter Umsatz
Instagram	3.2%	59,4 Millionen US-Dollar
Facebook	3.5%	64,7 Millionen US-Dollar
LinkedIn	2%	37,2 Millionen US-Dollar

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Kundensegmente

Geschäftsreisende

Parkhotels & Resorts bedient Geschäftsreisende mit einem Portfolio von 62 Premium-Hotels in den Vereinigten Staaten. Im Jahr 2022 beliefen sich die Ausgaben für Geschäftsreisen auf 1,14 Billionen US-Dollar, wobei Geschäftsreisen ein bedeutendes Segment darstellen.

Segmentmerkmale	Schlüsselkennzahlen
Durchschnittliche Hotelaufenthaltsdauer	2,3 Nächte
Durchschnittlicher Zimmerpreis für Geschäftsreisende	285 $ pro Nacht
Bindungsrate von Firmenkunden	78%

Luxusurlaubsreisende

Das Unternehmen richtet sich mit Premium-Hotelmarken an Urlaubsreisende der gehobenen Klasse.

• Marriott Marquis-Marken an wichtigen Reisezielen
• Durchschnittliche Ausgaben von Luxusreisenden: 4.500 US-Dollar pro Reise
• Zielgruppe: Altersgruppe 35–55 mit einem Jahreseinkommen von über 150.000 US-Dollar

Teilnehmer von Firmenveranstaltungen und Konferenzen

Park Hotels verwaltet 42 Hotels mit bedeutenden Konferenzeinrichtungen.

Veranstaltungssegment	Jahresumsatz
Unternehmenskonferenzen	287 Millionen Dollar
Durchschnittliche Konferenzteilnahme	350 Teilnehmer
Durchschnittliche Konferenzdauer	2,5 Tage

Vermögende Privatpersonen

Ansprache wohlhabender Kunden mit erstklassigen Hospitality-Erlebnissen.

• Durchschnittliches Nettovermögen der Gäste: 5 Millionen US-Dollar+
• Auslastung der Luxus-Suiten: 65 %
• Durchschnittliche Ausgaben pro Aufenthalt: 3.200 $

Internationale und inländische Touristen

Umfassende Abdeckung der Tourismusmarktsegmente an Standorten in den Vereinigten Staaten.

Touristentyp	Jährliches Gästeaufkommen
Inländische Touristen	1,2 Millionen Gäste
Internationale Touristen	380.000 Gäste
Gesamte touristische Einnahmen	742 Millionen Dollar

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Kostenstruktur

Kosten für den Erwerb und die Instandhaltung von Immobilien

Stand 4. Quartal 2023, Park Hotels & Resorts Inc. meldete Sachanlagen und Ausrüstung mit einem Nettowert von 8,57 Milliarden US-Dollar. Die Wartungskosten für das Geschäftsjahr 2023 beliefen sich auf rund 312 Millionen US-Dollar.

Ausgabenkategorie	Jährliche Kosten
Immobilienwartung	312 Millionen Dollar
Immobilienrenovierung	225 Millionen Dollar
Sachversicherung	47 Millionen Dollar

Löhne und Schulung der Mitarbeiter

Gesamtarbeitskosten für Park Hotels & Die Resorts beliefen sich im Jahr 2023 auf 1,14 Milliarden US-Dollar, was etwa 38 % der gesamten Betriebskosten ausmacht.

• Durchschnittliches Mitarbeitergehalt: 52.400 USD pro Jahr
• Schulungs- und Entwicklungsbudget: 18,5 Millionen US-Dollar
• Gesamtbelegschaft: ca. 7.200 Mitarbeiter

Marketing- und Vertriebsausgaben

Die Marketingausgaben für 2023 beliefen sich auf 62,3 Millionen US-Dollar, was 2,1 % des Gesamtumsatzes entspricht.

Marketingkanal	Jährliche Ausgaben
Digitales Marketing	24,6 Millionen US-Dollar
Traditionelle Werbung	18,7 Millionen US-Dollar
Verkaufsprovisionen	19 Millionen Dollar

Investitionen in Technologie und digitale Infrastruktur

Die Technologieinvestitionen für 2023 erreichten 47,2 Millionen US-Dollar und konzentrierten sich auf digitale Plattformen und Gästeerlebnistechnologien.

• Cloud-Infrastruktur: 12,5 Millionen US-Dollar
• Investitionen in Cybersicherheit: 8,3 Millionen US-Dollar
• Digitale Reservierungssysteme: 15,4 Millionen US-Dollar

Betriebs- und Nebenkosten

Die gesamten Betriebskosten für 2023 beliefen sich auf 742,6 Millionen US-Dollar.

Dienstprogrammtyp	Jährliche Kosten
Strom	89,4 Millionen US-Dollar
Wasser	31,2 Millionen US-Dollar
Heizen und Kühlen	62,7 Millionen US-Dollar
Abfallmanagement	18,5 Millionen US-Dollar

Parkhotels & Resorts Inc. (PK) – Geschäftsmodell: Einnahmequellen

Raummiete und Übernachtungskosten

Im Jahr 2023 Park Hotels & Resorts meldeten einen Gesamtumsatz von 1,46 Milliarden US-Dollar. Der Zimmerumsatz belief sich in diesem Jahr auf etwa 1,04 Milliarden US-Dollar, was 71,2 % des Gesamtumsatzes entspricht.

Umsatzkategorie	Betrag 2023 ($)	Prozentsatz des Gesamtumsatzes
Zimmereinnahmen	1,040,000,000	71.2%
Durchschnittlicher Tagessatz (ADR)	$224.53	-
Auslastung	65.4%	-

Verkauf von Lebensmitteln und Getränken

Einnahmen aus Speisen und Getränken für Park Hotels & Der Umsatz mit Resorts belief sich im Jahr 2023 auf etwa 286 Millionen US-Dollar, was 19,6 % des Gesamtumsatzes entspricht.

F&B-Umsatzsegmente	Betrag 2023 ($)
Restaurantverkauf	189,560,000
Catering-Dienstleistungen	96,440,000

Veranstaltungs- und Konferenz-Hosting

Die Einnahmen aus Konferenzen und Veranstaltungen beliefen sich im Jahr 2023 auf rund 87 Millionen US-Dollar.

• Buchungen für Firmenveranstaltungen: 52,2 Millionen US-Dollar
• Hochzeits- und gesellschaftliche Veranstaltungen: 34,8 Millionen US-Dollar

Zusatzleistungen

Spa- und Freizeitaktivitäten erwirtschafteten im Jahr 2023 einen Umsatz von 43 Millionen US-Dollar.

Nebendienst	Umsatz 2023 ($)
Spa-Dienstleistungen	24,100,000
Freizeitaktivitäten	18,900,000

Einnahmen aus Unternehmens- und Gruppenbuchungen

Unternehmens- und Gruppenbuchungen trugen im Jahr 2023 98 Millionen US-Dollar zum Gesamtumsatz bei.

• Große Unternehmensverträge: 68 Millionen US-Dollar
• Gruppenreisebuchungen: 30 Millionen US-Dollar

Park Hotels & Resorts Inc. (PK) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Park Hotels & Resorts Inc. (PK) attracts capital and guests. It's all about owning the best real estate and making it better.

Access to iconic, irreplaceable real estate assets is the foundation. Park Hotels & Resorts Inc. owns a geographically diverse portfolio of hotels and resorts situated in prime U.S. markets with high barriers to entry. Nearly 80% of the portfolio is located in central business districts of major cities or premier resort/conference destinations. As of September 30, 2025, the portfolio consisted of 39 hotels and resorts with over 25,000 rooms, with 100% of rooms located in the U.S..

The quality skew is heavily weighted toward the top tier. Luxury and upper upscale accommodations make up about 87% of the portfolio's rooms. This focus on premium segments is a direct play on higher-spending leisure and corporate travel demand.

The portfolio is heavily affiliated with major global operators, which translates directly into customer benefits. Park Hotels & Resorts Inc. affiliates with leading brands such as Hilton, Marriott, and Hyatt. This grants guests access to strong brand loyalty programs via major brand partners, encouraging repeat bookings through established reward structures, upgrades, and member-only rates across thousands of global properties, not just Park's owned assets.

The company actively enhances these assets, creating significant future value. This is seen in the focus on high-return renovation projects. For instance, the comprehensive renovation at the Royal Palm South Beach Resort is a $103 million investment expected to generate an Internal Rate of Return (IRR) of 15% to 20%. Management is betting these upgrades will drive RevPAR growth above the industry average for several years.

Park Hotels & Resorts Inc. also provides high-quality meeting and convention space for large groups, concentrated in major urban and convention areas. While specific total square footage for the entire PK portfolio isn't consolidated in the latest filings, the presence of assets like the Hilton New Orleans Riverside indicates a focus on large-scale group business capabilities, which is a key driver for weekday occupancy.

Here's a quick look at the scale of the assets and the capital deployment supporting these value propositions as of late 2025:

Metric	Value (as of late 2025)	Context
Total Rooms	Over 25,000 (across 39 hotels)	As of September 30, 2025
Luxury/Upper Upscale Rooms	87% of portfolio	Portfolio composition
2025 Total Capital Expenditures Budget	$310 million - $330 million	Total planned capital improvement program
Royal Palm Renovation Investment	$103 million	Specific project cost
Royal Palm Expected IRR	15% - 20%	Target return on investment
Royal Palm Stabilized EBITDA Target	Nearly $28,000,000	Post-renovation expectation
Total Debt	$3,839 million	As of September 30, 2025

The renovation strategy is supported by an active asset management approach, including plans to sell noncore assets. The company reported the sale of the Hyatt Centric Fisherman's Wharf for $80 million, achieving a multiple of 64x of 2024 EBITDA. This capital recycling helps fund the high-return projects.

The value proposition is also supported by the financial structure that allows for these investments. For example, the company expects to spend about $103 million on the Royal Palm project, of which $25 million was spent as of June 2025.

You can see the direct impact of these efforts in recent performance metrics from earlier in the year, even with disruptions:

• RevPAR growth of 14% at Bonnet Creek and 12% at Casa Marina due to recent renovations.
• Q2 2025 Adjusted EBITDA margin was 29.6%.
• Q1 2025 Hotel Adjusted EBITDA margin was almost 25%.

Finance: draft 13-week cash view by Friday.

Park Hotels & Resorts Inc. (PK) - Canvas Business Model: Customer Relationships

You're looking at how Park Hotels & Resorts Inc. (PK) manages its connections with the people who ultimately drive its revenue, which is a mix of brand affiliation, direct sales effort, and shareholder communication. The relationship structure is heavily influenced by its asset-light, management-heavy operational model.

Managed through third-party hotel operators

Park Hotels & Resorts relies on brand partners to manage the day-to-day guest relationship. While Park Hotels & Resorts Inc. does not publish its exact operator split, the industry trend for its segment suggests a high reliance on external management. For upper-upscale hotels, which make up about 87% of Park Hotels & Resorts Inc.'s rooms, approximately 70% of rooms in the broader market are managed by third parties. Park Hotels & Resorts Inc.'s portfolio as of late 2025 consists of 41 premium-branded hotels and resorts, with over 25,000 rooms.

Group sales teams focused on convention and corporate bookings

The sales efforts are clearly geared toward capturing high-value group business, which is critical for stabilizing occupancy and driving top-line revenue. Evidence of this focus is seen in the projected recovery of group demand. For the fourth quarter of 2025, Comparable Group Revenue Pace is projected to increase over 12% compared to the same period in 2024, with double-digit increases expected at key assets like the JW Marriott San Francisco Union Square and the New York Hilton Midtown.

• Build and sustain long-term partnerships with key clients.
• Deliver sales targets through proactive account management.
• Market to large group and convention business segments.

Loyalty program integration with brand partners (e.g., Hilton Honors)

A majority of Park Hotels & Resorts Inc.'s properties are affiliated with Hilton brands and participate in the Hilton Honors guest loyalty and rewards program. This integration is a key component of attracting and retaining guests, as the public recognition of the Hilton brands directly supports Park Hotels & Resorts Inc.'s ability to capture demand.

Digital and direct booking engagement via brand channels

Guest acquisition is heavily channeled through the brand partners' digital ecosystems. Historically, a significant percentage of individual customer bookings occur through internet travel intermediaries. Park Hotels & Resorts Inc.'s success in this area is tied to the brand's ability to drive direct bookings over these third-party channels, leveraging the loyalty program benefits available exclusively through preferred brand digital platforms.

Investor relations focused on consistent dividend payout

Investor relationship management centers on communicating capital allocation strategy, including dividend policy. For the fourth quarter of 2025, Park Hotels & Resorts Inc. declared a regular cash dividend of $0.25 per share, with an Ex-Date of December 31, 2025. This results in an expected annualized dividend of $1.00 per share based on the regular quarterly payments in 2025.

Here's a quick look at the key financial and operational metrics relevant to customer-facing scale and shareholder returns as of late 2025:

Metric	Value	Context/Date
Regular Quarterly Dividend (Q4 2025)	$0.25 per share	Declared for record date Dec 31, 2025
Expected Annual Dividend (2025 Regular)	$1.00 per share	Based on four quarterly payments of $0.25
Total Portfolio Rooms	Over 25,000 rooms	As of late 2025
Portfolio Size (Number of Hotels)	41 premium-branded hotels and resorts	As of late 2025
Group Revenue Pace Growth (Q4 2025 Est.)	Over 12% increase	Compared to Q4 2024
Luxury/Upper-Upscale Room Percentage	About 87%	Of Park Hotels & Resorts Inc.'s rooms

Park Hotels & Resorts Inc. (PK) - Canvas Business Model: Channels

You're looking at how Park Hotels & Resorts Inc. gets its rooms and event space sold in late 2025. The mix is heavily influenced by their brand affiliation and a strong push for direct sales, especially for high-value group business.

Major brand reservation systems (Hilton, Marriott, Hyatt)

Park Hotels & Resorts Inc. operates a portfolio primarily affiliated with the Hilton brand family, meaning a significant portion of transient and some group bookings flow through the centralized Hilton reservation systems. While Park Hotels & Resorts Inc. does not publish the exact percentage of revenue derived from these systems for 2025, the reliance on these platforms is fundamental to capturing broad market reach. For context on the group segment, which often involves direct negotiation but is confirmed through brand systems, Q4 2025 Comparable Group Revenue Pace is projected to increase over 12% compared to the pace at the end of September 2024 for the same period. Also, 2025 average Comparable group rates are projected to exceed 2024 average Comparable group rates by over 2%.

Direct booking via property websites and mobile apps

The push for direct bookings remains a key strategic focus, aiming to capture revenue with lower commission costs. Industry-wide data for 2025 suggests a strong shift, with a survey of 700 hotel brands indicating that Online Travel Agencies (OTAs) now generate only 22% of bookings, down from 30% the prior year. In Europe specifically, direct bookings have increased by 8%-15% year-on-year. Park Hotels & Resorts Inc.'s Q1 2025 results showed a portfolio occupancy rate of 69.2% and a Comparable RevPAR of $177.67, figures that benefit from direct channel efficiency. The company's overall TTM revenue as of late 2025 is reported at $2.53 Billion USD.

Global Distribution Systems (GDS) for corporate travel

Corporate travel, often routed through GDS platforms like Sabre or Amadeus, is a critical component, especially for Park Hotels & Resorts Inc.'s urban assets. The strength in this segment is visible in specific property performance updates. For example, group revenues at the Hilton Chicago increased by nearly 22% compared to Q1 2024 due to an increase in corporate demand, which drove RevPAR up by 17%. Similarly, Q2 2025 saw group revenues at the Hilton New York Midtown increase over 16% compared to Q2 2024, increasing RevPAR by nearly 10% due to corporate demand.

Third-party online travel agencies (OTAs)

OTAs provide necessary volume and visibility, though at a higher cost. While Park Hotels & Resorts Inc. does not publish its specific OTA revenue split for 2025, the general market dynamic shows OTAs held a slight edge in 2024 gross bookings at $266 billion versus $262 billion for direct bookings, a 50.4% OTA vs. 49.6% direct split. The company is actively managing this balance, which is part of a broader portfolio reshaping that includes a goal of $300 million to $400 million in noncore dispositions by year-end 2025, likely trimming reliance on lower-margin channels.

On-site sales teams for group and event bookings

The on-site sales teams are vital for securing the high-value group and event business. The performance of these teams is reflected in the significant year-over-year growth seen at several key properties in the first half of 2025. For instance, group revenues at the Hilton Waikoloa Village increased over 66% compared to Q1 2024 due to an increase in group events. The Q2 2025 Adjusted EBITDA for the portfolio was $183 million, supported by this high-yield business.

Here's a quick look at some key financial and statistical markers relevant to Park Hotels & Resorts Inc.'s operations and channel performance through mid-to-late 2025:

Metric Category	Specific Data Point	Value / Amount
Total Revenue (TTM as of late 2025)	Total Revenue	$2.53 Billion USD
Group Pace Projection (Q4 2025 vs Q4 2024)	Comparable Group Revenue Pace Increase	Over 12%
Group Rate Projection (2025 vs 2024)	Average Comparable Group Rate Increase	Over 2%
Q1 2025 Portfolio Performance	Comparable RevPAR	$177.67
Q2 2025 Portfolio Performance	Comparable RevPAR	$195.68
Q2 2025 Financial Result	Adjusted EBITDA	$183 million
Asset Disposition (Q2 2025)	Sale Price per Key for Hyatt Centric Fisherman's Wharf	$253,000
Liquidity Position (Mid-2025)	Available Liquidity	Approximately $1.3 billion
Debt Facility (September 2025)	Senior Unsecured Revolving Credit Facility	$1 billion

The effectiveness of these channels is also tied to the overall financial health and strategic moves Park Hotels & Resorts Inc. is making:

• Q1 2025 Net Loss Attributable to Stockholders was $(57) million.
• Q2 2025 Net Loss Attributable to Stockholders was $(5) million.
• The company has a stated goal to achieve $300 million to $400 million in noncore dispositions by year-end 2025.
• The portfolio occupancy rate for Q1 2025 was 69.2%.
• Group revenues at Hilton New Orleans Riverside increased nearly 10% in Q1 2025 versus Q1 2024.

To be fair, the success of the direct channel relies on the brand affiliation providing the initial visibility. The on-site sales teams are definitely driving high-value group contracts, as shown by the 66% group revenue increase at Hilton Waikoloa Village in Q1 2025.

Finance: draft 13-week cash view by Friday.

Park Hotels & Resorts Inc. (PK) - Canvas Business Model: Customer Segments

You're looking at the core customer groups Park Hotels & Resorts Inc. (PK) serves as of late 2025, based on their latest reported performance and strategic focus. Honestly, the business is heavily weighted toward specific high-value travel types, which is typical for an upscale REIT focused on full-service hotels.

The segmentation of demand drives their property-level performance metrics, like the reported Q3 2025 RevPAR of $181, which was a 6% decline year-over-year, or a 5% decline when excluding the Royal Palm South Beach property undergoing renovation. Total hotel revenues for Q3 2025 were $585 million.

Here is a breakdown of the key customer segments Park Hotels & Resorts Inc. targets:

• Large group and convention business: This segment is stated to account for 30% of revenue.
• High-end transient business travelers in urban centers: This group showed strength, with the urban portfolio generating a 3% increase in Comparable RevPAR compared to the prior year in Q2 2025.
• Affluent leisure travelers in resort markets: Markets like Orlando and Key West showed resilience. The Orlando Bonnet Creek complex delivered nearly 3% RevPAR growth in Q3 2025, and Key West RevPAR growth outperformed the broader portfolio, increasing 1% for the quarter.
• Government and military transient demand: This segment faced headwinds; the extended government shutdown reduced October room revenue expectations by approximately $2.5 million.
• REIT investors seeking yield and real estate exposure: The market views the stock as discounted, with a Price-to-Sales Ratio of 0.8x, well below the sector average of 3.7x.

The company's focus on its core portfolio-the top 20 hotels representing 85-90% of its value-is designed to concentrate revenue generation from these high-value segments.

You can see how the Q3 2025 results reflect the current state of these segments:

Customer Segment Focus	Relevant Financial/Statistical Metric (Late 2025)	Value/Amount
Group Business (Overall)	Q4 2025 Group Revenue Pace vs. 2024 Group Bookings	Projected increase of 18%
Resort Leisure (Orlando)	Q3 2025 RevPAR Growth	Nearly 3%
Resort Leisure (Key West)	Q3 2025 RevPAR Growth	1%
Government/Military Demand	October 2025 Revenue Impact from Shutdown	Reduced expectations by approximately $2.5 million
Investors (Valuation)	Price-to-Sales Ratio	0.8x
Investors (Yield)	Declared Q4 2025 Dividend Annualized Yield	Approximately 9%

The company is actively managing its portfolio to better serve these groups, for instance, by investing over $325 million across best-performing assets with returns approaching 20%. Also, the company is divesting non-core assets, planning to shed 15 hotels to concentrate on 20 high-quality assets.

For the full year 2025 guidance, Park Hotels & Resorts Inc. expects overall RevPAR to decline around 2% at the midpoint, with Adjusted FFO per share expected to range from $1.85 to $1.97 per share at the midpoint of $1.91.

The group segment showed specific strength earlier in the year; for example, group revenues at the Hilton Waikoloa Village increased over 66% in Q1 2025 compared to Q1 2024.

• Q1 2025 Comparable Group Revenue Pace vs. 2024 Group Bookings: Increased over 1%.
• Q1 2025 Average Comparable Group Rates vs. 2024: Projected to exceed by 4%.
• Q2 2025 Average Comparable Group Rates vs. 2024: Projected to exceed by 5%.

Finance: draft 13-week cash view by Friday.

Park Hotels & Resorts Inc. (PK) - Canvas Business Model: Cost Structure

You're looking at the major costs Park Hotels & Resorts Inc. faces to keep its portfolio of luxury and upper-upscale hotels running, which is a capital-intensive business, defintely. These costs are the primary drains on the revenue generated by their premium-branded properties.

The most significant recurring costs involve running the hotels day-to-day. These property-level operating expenses include substantial outlays for labor (wages and benefits) and utilities. For the three months ended September 30, 2025, Rooms expense was $106 million, and Food and beverage expense was $112 million for comparable hotels. Management fees, paid to third-party operators, are another fixed-like cost. For the three months ended September 30, 2025, Management fees expense totaled $27 million.

Park Hotels & Resorts Inc. carries a significant debt load, which translates directly into interest expense. As of September 30, 2025, Park's Net Debt was approximately $3.7 billion. The total consolidated debt on the balance sheet as of September 30, 2025, was $3,839 million. The weighted average maturity of this consolidated debt is short, at 2.4 years as of that date.

The company is heavily investing in its assets to maintain their market position, leading to high capital expenditures. Park Hotels & Resorts Inc. has outlined plans for total capital improvements for 2025 to be in the range of $310 million to $330 million. This high capex is driven by major renovation projects, such as the one at the Royal Palm South Beach Miami, which has a total expected spend of about $103 million.

Other essential property costs include taxes and insurance. While specific figures for property taxes and insurance premiums aren't isolated in the latest reports, the broader category of Other property expense for comparable hotels was $56 million for the three months ended September 30, 2025.

Here's a quick look at some of the key expense components for the three months ended September 30, 2025, from comparable hotels:

Expense Category	Amount (in millions)
Rooms Expense	$106
Food and Beverage Expense	$112
Other Property Expense	$56
Management Fees Expense	$27

The high level of planned capital expenditure for 2025 is expected to decline in 2026, with projections around $200 million to $225 million. This spending is partially offset by an ongoing asset disposition program, with a goal to sell up to $400 million in non-core assets by the end of 2025.

You should keep an eye on a few specific cost drivers:

• Renovation Disruption: The suspension of operations at Royal Palm South Beach Miami is anticipated to cause an estimated $17 million of disruption to Hotel Adjusted EBITDA for 2025.
• Debt Service: The company expects to use proceeds from its 2025 Delayed Draw Term Loan in 2026 to repay the $1.275 billion secured mortgage loan at the Hilton Hawaiian Village Waikiki Beach Resort, which matures in November 2026.
• Cost Inflation: S&P Global Ratings noted that increased wages and benefits are a primary reason for expected compressed EBITDA margins in 2025.

Finance: draft 13-week cash view by Friday.

Park Hotels & Resorts Inc. (PK) - Canvas Business Model: Revenue Streams

You're looking at the core ways Park Hotels & Resorts Inc. brings in cash, which is critical for valuing any lodging REIT. Here's the quick math on the revenue streams as of late 2025, grounded in the latest reported figures.

Hotel room revenue is the bedrock, naturally. For the third quarter of 2025, Park Hotels & Resorts Inc. reported $585 million in Total Hotel Revenues. This top line is directly tied to how well their premium urban and resort properties are performing on occupancy and average daily rate (ADR).

Beyond the rooms, the next major component is food and beverage sales from restaurants and events. This segment is highly dependent on group business and convention traffic, which saw some pressure earlier in the year but is showing recovery in key markets like Orlando and San Francisco.

The third stream, rental income from retail/commercial space within properties, is generally smaller but provides a stable base. For Q3 2025, the closest reported figure is Ancillary Hotel Revenue, which contributes to the overall operating income.

Park Hotels & Resorts Inc. also generates cash through proceeds from non-core asset dispositions, which is a strategic, non-recurring revenue stream used to reshape the portfolio. You saw this clearly with the $80 million sale in Q2 2025 of the Hyatt Centric Fisherman's Wharf.

Finally, the forward-looking indicator for operational profitability is the Full-year 2025 Adjusted EBITDA forecast midpoint of $608 million. This number reflects management's expectation for the full year's operational cash flow before certain adjustments.

Here is a breakdown of the key Q3 2025 revenue components, based on reported figures (in millions of dollars):

Revenue Component	Q3 2025 Amount (Millions USD)	Context/Source
Total Hotel Revenues (As per prompt guidance)	$585 million	Overall Q3 2025 Top Line
Rooms Revenue (Detailed)	$370 million	Direct Room Revenue for Q3 2025
Food and Beverage Revenue	$150 million	Sales from Restaurants and Events for Q3 2025
Ancillary Hotel Revenue (Proxy for Retail/Commercial)	$67 million	Other Hotel-Related Income for Q3 2025
Non-Core Asset Disposition Proceeds (Q2 2025 Example)	$80 million	Proceeds from Hyatt Centric Fisherman's Wharf Sale
Full-Year 2025 Adjusted EBITDA Forecast Midpoint	$608 million	Management's Projection for Full-Year Profitability

The composition of the revenue streams shows a heavy reliance on the core lodging product, but the strategic asset sales are a distinct, albeit irregular, source of capital. You can see the relative size of the main drivers:

• Hotel room revenue (Q3 2025 Rooms Revenue): $370 million
• Food and beverage sales (Q3 2025): $150 million
• Rental income from retail/commercial space (Q3 2025 Ancillary): $67 million

The company is definitely leaning into maximizing returns from its core assets, which is why the renovation pipeline, like the one at the Royal Palm in Miami, is so important to future room revenue potential. Still, the $80 million disposition in Q2 2025 shows they are actively pruning the portfolio to hit that $608 million Adjusted EBITDA target.

Finance: draft 13-week cash view by Friday.