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Park Hotels & Resorts(PK) - 2026 Q1 - Earnings Call Transcript
2026-05-02 00:00
With that, I would like to turn the call over to Tom. Speaker13 Thank you, Ian, and welcome everyone. I'm pleased to report that we delivered better than expected performance in the first quarter, with RevPAR increasing 5.5% year-over-year, excluding our Royal Palm South Beach Hotel, which suspended operations in mid-May 2025 for a comprehensive renovation. I was incredibly impressed by the strong performance throughout the quarter, with RevPAR excluding the Royal Palm, increasing over 6.5% in January, appr ...