Park Hotels & Resorts (FRA:HIP) Average Occupancy Rate % : 0.00% (As of . 20)

View and export this data going back to 2017. Start your Free Trial

What is Park Hotels & Resorts Average Occupancy Rate %?

Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.

The historical rank and industry rank for Park Hotels & Resorts's Average Occupancy Rate % or its related term are showing as below:

FRA:HIP's Average Occupancy Rate % is not ranked ^*
in the REITs industry.
Industry Median:
* Ranked among companies with meaningful Average Occupancy Rate % only.

Park Hotels & Resorts Average Occupancy Rate % Historical Data

The historical data trend for Park Hotels & Resorts's Average Occupancy Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Park Hotels & Resorts Average Occupancy Rate % Chart

Park Hotels & Resorts (FRA:HIP) Average Occupancy Rate % Calculation

Average Occupancy Rate % is calculated as

Average Occupancy Rate %

Number of Occupied Rooms

Number of Available Rooms

100%

Park Hotels & Resorts (FRA:HIP) Average Occupancy Rate % Explanation

Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.

For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.

Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.

Park Hotels & Resorts Average Occupancy Rate % Related Terms

Thank you for viewing the detailed overview of Park Hotels & Resorts's Average Occupancy Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Park Hotels & Resorts (FRA:HIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (FRA:HIP) » Definitions » Average Occupancy Rate %

Comparable Companies

Traded in Other Exchanges

PK:USA HIP:Germany

Address

1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102

Website

https://www.pkhotelsandresorts.com

Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

Park Hotels & Resorts (FRA:HIP) Headlines

No Headlines