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 22 is higher than 75% 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 2022, Park Hotels and Resorts reported total carbon emissions of approximately 205,916,000 kg CO2e, comprising 56,654,000 kg CO2e from Scope 1 and 149,262,000 kg CO2e from Scope 2. The company has set a near-term reduction target, aiming for a 3% decrease in carbon emissions by 2023 compared to a 2019 baseline. This target is supported by the completion of 73 capital expenditure projects, totalling nearly $21 million, which are expected to enhance the overall efficiency of their portfolio. The emissions intensity for 2022 was reported at approximately 84.39 kg CO2e per square foot. While no data is available for Scope 3 emissions, Park Hotels and Resorts has demonstrated a commitment to improving its carbon footprint through significant investments in efficiency projects. The company continues to focus on sustainability initiatives to further reduce its greenhouse gas emissions in the hospitality sector.
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| 2017 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 81,022,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 218,203,000 | 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.
