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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 59,383a | 56,654a | 44,396a | |
Total Scope 2 | ||||
Market-Based | 137,384a | 149,262a | 134,199a | |
Location-Based | 144,916a | N/A | N/A | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 22.01a | 22.6525a | 32.5962a |
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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
In 2023, the total Scope 1 emissions of Park Hotels & Resorts were 59,383 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Park Hotels & Resorts's Scope 1 emissions have remained relatively, stable, indicating that Park Hotels & Resorts's emissions have plateaued with no significant change in its operational footprint.a
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
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
In 2023, Park Hotels & Resorts reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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 13.87, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Park Hotels & Resorts ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Park Hotels & Resorts among the least efficient performers, with one of the highest emissions intensities in its sector.a