Park Hotels And Resorts Sustainability Profile
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 53% 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 marks a slight increase in emissions compared to 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, applicable to both Scope 1 and Scope 2 emissions. Park Hotels and Resorts does not currently disclose Scope 3 emissions data, indicating a potential area for future improvement. The company’s emissions data is sourced directly from Park Hotels & Resorts Inc., with no cascading from a parent organisation. Overall, while Park Hotels and Resorts has made strides in emissions reduction through targeted projects, ongoing efforts will be essential to meet future climate commitments and enhance sustainability within the hospitality sector.
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| 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 107,058,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 222,245,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Park Hotels And Resorts's Industry?
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Park Hotels And Resorts's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Park Hotels And Resorts has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
