2025 RevPAR OutlookPK reduced its 2025 RevPAR outlook 110bps to -2.5%-1.8% y/y from -2.0%-0.0%.
Consumer And Labor CostsIncreasing evidence of financially stretched consumers, coupled with higher labor costs, could weigh on earnings power over the near term.
RevPAR And EarningsPK's 3Q was shy of expectations, with RevPAR down -6.1% y/y and EBITDA/FFO of $130mm/$0.35 below consensus of $135mm/$0.38.