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's GHG Emissions Data Preview

In 2023, Park Hotels & Resorts completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Park Hotels & Resorts has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Park Hotels & Resorts’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Park Hotels & Resorts’s data sources below and access millions more through our Disclosure Search.

a. Park Hotels & Resorts's Corporate Responsibility Report (CRR) 2024
a. Park Hotels & Resorts's Corporate Responsibility Report (CRR) 2024
b. Park Hotels & Resorts's Corporate Responsibility Report (CRR) 2023
b. Park Hotels & Resorts's Corporate Responsibility Report (CRR) 2023

Insights into Park Hotels & Resorts's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Park Hotels & Resorts amounted to 204,299 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Park Hotels & Resorts decreased by 0.79%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Park Hotels & Resorts's Scope 1 Emissions Over Time

201820192020202120222023020 k40 k60 k80 ktCO2e-5%-37%+18%+28%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Park Hotels & Resorts's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Park Hotels & Resorts were 59,383 metric tons of CO₂ equivalent (tCO₂e). a

Has Park Hotels & Resorts reduced its Scope 1 emissions over time?

Since 2018, Park Hotels & Resorts's Scope 1 emissions have decreased by 4.89%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Park Hotels & Resorts's Scope 1 emissions increased by 4.82%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Park Hotels & Resorts's Scope 2 emissions?

In 2023, Park Hotels & Resorts reported Scope 2 greenhouse gas (GHG) emissions of 137,384 tCO₂e using the market-based method and 144,916 tCO₂e using the location-based method. a

What methodology does Park Hotels & Resorts use for Scope 2 reporting?

In 2023, Park Hotels & Resorts reported its Scope 2 emissions using the market-based method and using the location-based method. a

Park Hotels & Resorts's Scope 2 Emissions Over Time

201820192020202120222023045 k90 k135 k180 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Park Hotels & Resorts’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Park Hotels & Resorts reported Scope 1 greenhouse gas (GHG) emissions of 59,383 tCO₂e and total revenues of USD 2,698 millions. This translates into an emissions intensity of 22.01 tCO₂e per millions USD. a

Park Hotels & Resorts's Scope 1 Emissions Intensity Compared to Peers

205005,00050,0001,000,000Scope 1 Emissions (tCO2e)1005001,0005,00020,000Revenues (Millions of USD)LApple Hospitality REITYear: 2023Scope 1: 28,652 tCO2eRevenue: $M 1,344Scope 1 Intensity: 21.32 tCO2e/$MChatham Lodging TrustYear: 2023Scope 1: 6,208 tCO2eRevenue: $M 311Scope 1 Intensity: 19.96 tCO2e/$MBXPYear: 2024Scope 1: 12,637 tCO2eRevenue: $M 3,408Scope 1 Intensity: 3.71 tCO2e/$MHost Hotels & ResortsYear: 2024Scope 1: 92,608 tCO2eRevenue: $M 5,684Scope 1 Intensity: 16.29 tCO2e/$MHealthpeak PropertiesYear: 2024Scope 1: 71,829 tCO2eRevenue: $M 2,700Scope 1 Intensity: 26.60 tCO2e/$MRealty IncomeYear: 2023Scope 1: 55 tCO2eRevenue: $M 4,074Scope 1 Intensity: 0.01 tCO2e/$MExtra Space StorageYear: 2024Scope 1: 37,171 tCO2eRevenue: $M 3,257Scope 1 Intensity: 11.41 tCO2e/$MCrown CastleYear: 2024Scope 1: 11,374 tCO2eRevenue: $M 6,568Scope 1 Intensity: 1.73 tCO2e/$MLLLineageYear: 2024Scope 1: 292,065 tCO2eRevenue: $M 5,340Scope 1 Intensity: 54.69 tCO2e/$MVICI PropertiesYear: 2023Scope 1: 524 tCO2eRevenue: $M 3,611Scope 1 Intensity: 0.15 tCO2e/$MAmericold Realty TrustYear: 2024Scope 1: 94,310 tCO2eRevenue: $M 2,667Scope 1 Intensity: 35.37 tCO2e/$MNewmark GroupYear: 2023Scope 1: 1,104 tCO2eRevenue: $M 2,470Scope 1 Intensity: 0.45 tCO2e/$MEquity ResidentialYear: 2022Scope 1: 68,855 tCO2eRevenue: $M 2,735Scope 1 Intensity: 25.17 tCO2e/$MIron MountainYear: 2024Scope 1: 115,728 tCO2eRevenue: $M 6,150Scope 1 Intensity: 18.82 tCO2e/$MVentasYear: 2024Scope 1: 129,420 tCO2eRevenue: $M 4,924Scope 1 Intensity: 26.28 tCO2e/$MCentury CommunitiesYear: 2023Scope 1: 10,562 tCO2eRevenue: $M 3,692Scope 1 Intensity: 2.86 tCO2e/$MInvitation HomesYear: 2022Scope 1: 5,158 tCO2eRevenue: $M 2,238Scope 1 Intensity: 2.30 tCO2e/$MPublic StorageYear: 2024Scope 1: 32,399 tCO2eRevenue: $M 4,696Scope 1 Intensity: 6.90 tCO2e/$MCoStar GroupYear: 2024Scope 1: 5,710 tCO2eRevenue: $M 2,736Scope 1 Intensity: 2.09 tCO2e/$MXenia Hotels & ResortsYear: 2023Scope 1: 19,651 tCO2eRevenue: $M 1,025Scope 1 Intensity: 19.16 tCO2e/$MRyman Hospitality PropertiesYear: 2023Scope 1: 76,338 tCO2eRevenue: $M 2,158Scope 1 Intensity: 35.37 tCO2e/$MPark Hotels & ResortsYear: 2023Scope 1: 59,383 tCO2eRevenue: $M 2,698Scope 1 Intensity: 22.01 tCO2e/$M

How does Park Hotels & Resorts's GHG emissions intensity compare to its peers?

In 2023, Park Hotels & Resorts reported a Scope 1 emissions intensity of 22.01 tCO₂e per millions USD. Compared to the peer group median of 16.29 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Park Hotels & Resorts rank on GHG emissions intensity within its industry?

In 2023, Park Hotels & Resorts ranked 16 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Park Hotels & Resorts is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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