Park Hotels & Resorts Inc

Common Name
Park Hotels & Resorts
Country
United States
Sector
Real Estate
Industry
REIT - Hotel & Motel
Employees
91
Ticker
PK
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Park Hotels & Resorts Inc. operates as a leading real estate investment trust (REIT) focused primarily on owning and managing upscale and luxury hotels. It was spun off from Hilton Worldwide Holdings ...

Park Hotels & Resorts Energy Data Preview

In 2023, Park Hotels & Resorts disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Park Hotels & Resorts also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, Park Hotels & Resorts also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Park Hotels & Resorts also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Park Hotels & Resorts's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2023202220212020 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Verified Sources Behind Park Hotels & Resorts’s Energy Management Data

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a. Park Hotels & Resorts's Corporate Responsibility Report (CRR) 2024
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Insights into Park Hotels & Resorts's Energy Renewability

In 2023, Park Hotels & Resorts consumed a total of 2.33 million Gigajoules of energy across its operations. Of this total, 11.91% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 88.09% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

Park Hotels & Resorts's Energy Renewability Rate

12%

How much of Park Hotels & Resorts's energy consumed is renewable?

In 2023, Park Hotels & Resorts consumed a total of 2.33 million Gigajoules of energy, of which 11.91% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Park Hotels & Resorts has considerable room to improve its energy sustainability strategy.

Are Park Hotels & Resorts's energy practices becoming more sustainable?

Since 2019, Park Hotels & Resorts's total energy consumption decreased by 13.59%, including a further 2.5% drop in 2023, highlighting a continued decline in energy use. a

a

Park Hotels & Resorts's Renewable vs Non-renewable Energy Over Time

2.25 M753.59 k746.41 k2.25 MGigajoules (GJ)2019202020212022202312%88%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Park Hotels & Resorts's Energy Consumption & Production Mix

In 2023, Park Hotels & Resorts disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Park Hotels & Resorts's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Park Hotels & Resorts's Energy Consumed by Sources and Technologies

Electricity(Unspecified Source)and Steam(Unspecified Source)(57.4%)Natural Gas andPropane(42.6%)

What are the main sources and generation technologies behind Park Hotels & Resorts's energy consumption?

In 2023, Park Hotels & Resorts's total energy consumption was primarily sourced from

  • Electricity (Unspecified Source) and Steam (Unspecified Source) (57.35%)
  • Natural Gas and Propane (42.65%)

How diverse is Park Hotels & Resorts’s energy consumption mix?

In 2023, Park Hotels & Resorts consumed energy from 2 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.

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