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A recent analysis found that hotels representing over 30% of Park Hotels and Resorts’ (NYSE: PK) hotel operating profit are impacted by ongoing U.S. hotel strikes. Park-owned hotels where workers with the UNITE HERE union are on strike generated nearly a third of its 2024 YTD hotel earnings before interest, taxes, depreciation, and amortization (EBITDA), the hotel industry’s standard measure of profitability.

Park is a real estate investment trust (REIT) and the biggest private-sector owner of Hilton hotels. An analysis by UNITE HERE estimated that Park earned 32.2% of its EBITDA at four hotels where Hilton employees are on strike: the DoubleTree by Hilton Hotel Seattle Airport, Hilton Boston Logan Airport, Hilton Hawaiian Village, and Hilton Seattle Airport & Conference Center.