Park Hotels & Resorts Inc. shares advanced to a 52-week high of $15.49 on Tuesday, extending a 38.57% gain over the prior 12 months.
The company reported adjusted earnings of $0.24 per share for the second quarter of 2026, matching analyst expectations. Revenue totaled $680 million, exceeding the projected $660.95 million. Revenue per available room (RevPAR) rose 5.8% year-over-year, supported by higher room rates and increased travel demand.
Management raised full-year guidance for RevPAR, adjusted EBITDA and adjusted funds from operations (FFO) per share, citing sustained operational momentum. The company also highlighted the reopening of the Royal Palm South Beach following a redevelopment exceeding $100 million.
Park Hotels continued its strategy of divesting non-core assets, which contributed to a modest improvement in leverage. The hotel operator attributed its performance to robust travel demand, elevated pricing and extensive property renovations.
