Park Hotels & Resorts Inc - Company Profile
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Park Hotels & Resorts Inc (Park Hotels & Resorts) is a developer of hotels and resorts. Business performance of Consolidated Hotels segment, property portfolio, and presence in key markets are the company’s key strengths, even as cash reserves remains a cause for concern. Growth in accommodation sector in US, strategic initiatives, and the growing US travel and tourism industry are likely to provide growth opportunities for the company. However, changing consumer preferences, increasing manpower costs in the US and risk related to competitive brandjacking could affect the company’s operations.
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