Full-Year 2026 Outlook

Park expects full-year 2026 operating results to be as follows:

(unaudited, dollars in millions, except per share amounts and RevPAR) Full-Year 2026 Outlook 

as of April 30, 2026
 Full-Year 2026 Outlook 

as of February 19, 2026
 Change at 

Midpoint
Metric Low High Low High 
           
RevPAR $192  $196  $190  $194  $2 
RevPAR change vs. 2025  0.5%  2.5%  0.0%  2.0% 50 bps
           
Net income $66  $96  $69  $99  $(3)
Net income attributable to stockholders $58  $88  $62  $92  $(4)
Earnings per share – Diluted(1) $0.29  $0.44  $0.31  $0.46  $(0.02)
           
Adjusted EBITDA $587  $617  $580  $610  $7 
Adjusted FFO per share – Diluted(1) $1.74  $1.90  $1.73  $1.89  $0.01