Park Hotels And Resorts
Park Hotels and Resorts, headquartered in the United States, is a prominent player in the hospitality industry, specialising in the ownership and operation of high-quality hotels and resorts. Founded in 2017, the company has quickly established itself as a leader in the sector, focusing primarily on premium branded hotels in key urban and resort markets across the US. With a diverse portfolio that includes well-known brands such as Marriott, Hilton, and Hyatt, Park Hotels and Resorts distinguishes itself through its commitment to exceptional guest experiences and strategic property management. The company has achieved significant milestones, including a successful public listing, which has bolstered its market position. As a trusted name in hospitality, Park Hotels and Resorts continues to innovate and expand, ensuring a unique blend of comfort and luxury for travellers.
DitchCarbon Score
How does Park Hotels And Resorts's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Park Hotels And Resorts's score of 31 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Park Hotels And Resorts's reported carbon emissions
In 2023, Park Hotels and Resorts reported total carbon emissions of approximately 196,767,000 kg CO2e, comprising 59,383,000 kg CO2e from Scope 1 and 137,384,000 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2022, where total emissions were about 205,916,000 kg CO2e, with Scope 1 at 56,654,000 kg CO2e and Scope 2 at 149,262,000 kg CO2e. The company has committed to reducing its carbon footprint through various initiatives. Notably, in 2023, Park Hotels completed 73 capital expenditure projects, investing nearly $21 million to enhance the efficiency of its portfolio. These projects are projected to achieve a combined carbon reduction of about 3% compared to the 2019 baseline for both Scope 1 and Scope 2 emissions. Park Hotels has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from owned or controlled sources and purchased electricity. The company continues to prioritise sustainability and efficiency improvements as part of its climate commitments.
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| 2017 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 81,022,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 218,203,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Park Hotels And Resorts is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
