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Hotels Representing Over 30% of Park Hotels’ Operating Profit Affected by Strikes, According to UNITE HERE

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Park Hotels and Resorts (NYSE: PK), a major U.S. hotel owner and REIT, is facing significant challenges as strikes impact hotels representing over 30% of its operating profit. UNITE HERE union analysis reveals that four Park-owned Hilton hotels currently on strike account for 32.2% of Park's EBITDA. These include properties in Seattle, Boston, and Hawaii.

Workers are demanding higher wages, fair staffing, and workload adjustments, as well as the reversal of COVID-era cuts. The union accuses Park of exploiting the pandemic to implement permanent staffing and service reductions. Over 12,000 hotel workers across the U.S. have gone on strike since Labor Day weekend, with 2,454 Hilton employees at Park-owned hotels currently participating.

Guests have experienced service disruptions including unavailable daily housekeeping, closed amenities, and reduced hours. The union advises travelers to avoid struck hotels and has set up 24-hour picket lines outside affected properties.

Park Hotels and Resorts (NYSE: PK), un importante proprietario di hotel negli Stati Uniti e REIT, sta affrontando sfide significative poiché gli scioperi impattano gli hotel che rappresentano oltre il 30% del suo profitto operativo. Un'analisi del sindacato UNITE HERE rivela che quattro hotel Hilton di proprietà di Park attualmente in sciopero rappresentano il 32,2% dell'EBITDA di Park. Questi includono strutture a Seattle, Boston e Hawaii.

I lavoratori chiedono stipendi più alti, un'adeguata dotazione di personale e aggiustamenti del carico di lavoro, oltre alla revoca dei tagli effettuati durante l'era COVID. Il sindacato accusa Park di aver sfruttato la pandemia per attuare riduzioni permanenti nel personale e nei servizi. Oltre 12.000 lavoratori del settore alberghiero negli Stati Uniti sono entrati in sciopero dal weekend del Labor Day, con 2.454 dipendenti Hilton negli hotel di proprietà di Park attualmente coinvolti.

I clienti hanno sperimentato interruzioni del servizio, tra cui assenza di pulizie giornaliere, chiusura di servizi e orari ridotti. Il sindacato consiglia ai viaggiatori di evitare gli hotel in sciopero e ha istituito picchetti 24 ore su 24 davanti alle strutture interessate.

Parker Hotels and Resorts (NYSE: PK), un importante propietario de hoteles en Estados Unidos y REIT, enfrenta desafíos significativos ya que las huelgas impactan hoteles que representan más del 30% de su beneficio operativo. Un análisis del sindicato UNITE HERE revela que cuatro hoteles Hilton de propiedad de Park, actualmente en huelga, representan el 32,2% del EBITDA de Park. Estos incluyen propiedades en Seattle, Boston y Hawái.

Los trabajadores exigen mejores salarios, una dotación justa de personal y ajustes en la carga de trabajo, así como la reversión de los recortes de la era COVID. El sindicato acusa a Park de haber explotado la pandemia para implementar reducciones permanentes en el personal y los servicios. Más de 12,000 trabajadores hoteleros en Estados Unidos han entrado en huelga desde el fin de semana del Día del Trabajo, con 2,454 empleados de Hilton en hoteles de propiedad de Park actualmente participando.

Los huéspedes han experimentado interrupciones en el servicio, incluyendo la falta de limpieza diaria, cierre de instalaciones y horas reducidas. El sindicato aconseja a los viajeros que eviten los hoteles en huelga y ha establecido piquetes de 24 horas fuera de las propiedades afectadas.

Park Hotels and Resorts (NYSE: PK)는 미국의 주요 호텔 소유자이자 REIT로, 호텔이 운영 이익의 30% 이상에 영향을 미치는 파업으로 인해 상당한 도전에 직면해 있습니다. UNITE HERE 노조 분석에 따르면 지금 파업 중인 Park 소속의 힐튼 호텔 네 곳이 Park의 EBITDA의 32.2%를 차지하고 있습니다. 이 호텔들은 시애틀, 보스턴, 하와이에 위치하고 있습니다.

근로자들은 임금 인상, 공정한 인력 배치, 근무량 조정을 요구하며 COVID 시대의 삭감 철회를 원하고 있습니다. 노조는 Park가 팬데믹을 악용해 인력 및 서비스 줄이기를 영구화했다고 비난합니다. 미국 전역에서 12,000명 이상의 호텔 근로자들이 노동절 주말 이후로 파업에 들어갔으며, 현재 Park 소속 호텔에서 근무하는 힐튼 직원 2,454명이 참여하고 있습니다.

손님들은 서비스 중단을 경험하고 있으며, 일일 청소 서비스가 제공되지 않거나 편의 시설이 닫히고 운영 시간이 단축되었습니다. 노조는 여행객들에게 파업이 진행 중인 호텔을 피하도록 권고하고 있으며, 피해 시설 외부에 24시간 피켓을 운영하고 있습니다.

Park Hotels and Resorts (NYSE: PK), un important propriétaire d'hôtels aux États-Unis et REIT, fait face à des défis significatifs alors que des grèves affectent des hôtels représentant plus de 30 % de son bénéfice d'exploitation. Une analyse du syndicat UNITE HERE révèle que quatre hôtels Hilton appartenant à Park et actuellement en grève représentent 32,2 % de l'EBITDA de Park. Il s'agit de propriétés situées à Seattle, Boston et Hawaii.

Les travailleurs réclament des salaires plus élevés, un personnel équitable et des ajustements de la charge de travail, ainsi que l'annulation des coupes effectuées pendant la COVID. Le syndicat accuse Park d'avoir exploité la pandémie pour appliquer des réductions permanentes d'effectifs et de services. Plus de 12 000 travailleurs d'hôtels à travers les États-Unis ont fait grève depuis le week-end de la fête du Travail, avec 2 454 employés Hilton dans des hôtels appartenant à Park actuellement en grève.

Les clients ont connu des interruptions de service, notamment l'absence de nettoyage quotidien, la fermeture d'aménagements et des horaires réduits. Le syndicat conseille aux voyageurs d'éviter les hôtels en grève et a mis en place des piquets de grève 24 heures sur 24 devant les propriétés concernées.

Park Hotels and Resorts (NYSE: PK), ein großer Hotelbesitzer in den USA und REIT, sieht sich erheblichen Herausforderungen gegenüber, da Streiks Hotels betreffen, die mehr als 30 % seines Betriebsgewinns repräsentieren. Eine Analyse der UNITE HERE Gewerkschaft zeigt, dass vier im Besitz von Park befindliche Hilton-Hotels, die derzeit im Streik sind, 32,2 % des EBITDA von Park ausmachen. Dazu gehören Objekte in Seattle, Boston und Hawaii.

Die Beschäftigten fordern höhere Löhne, faire Personalbesetzung und Anpassungen der Arbeitsbelastung sowie die Rücknahme der während COVID vorgenommenen Kürzungen. Die Gewerkschaft beschuldigt Park, die Pandemie auszunutzen, um permanente Reduzierungen beim Personal und den Dienstleistungen einzuführen. Seit dem Wochenende des Labor Day sind in den USA über 12.000 Hotelbeschäftigte in den Streik getreten, darunter derzeit 2.454 Hilton-Mitarbeiter in Park-Hotels.

Die Gäste haben Serviceunterbrechungen erlebt, darunter fehlende tägliche Reinigung, geschlossene Einrichtungen und reduzierte Öffnungszeiten. Die Gewerkschaft rät Reisenden, die bestreikten Hotels zu meiden und hat 24-Stunden-Picketts vor den betroffenen Einrichtungen eingerichtet.

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Major U.S. Hotel Owner, Key Driver of Service and Staffing Cuts, Has Multiple Properties Affected by Ongoing Strikes

BOSTON--(BUSINESS WIRE)-- 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.

Workers are calling for higher wages, fair staffing and workloads, and the reversal of COVID-era cuts. The union says that many hotel owners like Park took advantage of the COVID-19 pandemic to drive staffing and service cuts that were never restored.

In 2020, Park Hotels said it planned a “permanent reduction of full-time, hotel level staffing” through plans to expand “contactless check-in/room service,” “limit housekeeping,” and “eliminate or re-purpose unprofitable F&B operations (e.g., buffets) and outlets.”

In 2023, Park CEO Thomas Baltimore said, “We continue to reap the benefits from the reimagined operational model developed during the pandemic, which translated into labor costs that were 16% lower in 2022 versus 2019, and are expected to remain above our target of approximately 1,200 positions or a 9% headcount reduction throughout 2023.”

Over 12,000 hotel workers across the U.S. have gone on strike since Labor Day weekend, and 2,454 workers who are currently on strike are employed by Hilton at Park-owned hotels. These members of the UNITE HERE union include housekeepers, front desk agents, cooks, dishwashers, servers, bartenders, drivers, and more.

Workers in Boston and Honolulu say they will strike until they win a new contract, while workers in Seattle are on a one-week strike from Oct. 12 to 18. Negotiations in all three cities remain unresolved, and the strike at the Hilton Hawaiian Village – Park’s biggest and most lucrative hotel – has already lasted over three weeks. Guests at the Hilton Hawaiian Village held a protest in the hotel lobby to demand refunds.

“I’m on strike because my workload is overwhelming and exhausting. I love my job and I want to take care of our guests, but with the understaffing I am stretched so thin,” said Jason Viveiros, a front desk agent at the Hilton Hawaiian Village. “My wife and I are expecting another child in a few months so having a reasonable workload would mean that instead of being physically and mentally depleted every day, I have the energy to take care of my family and their needs.”

The union urges travelers not to eat, meet, or sleep at any hotel that’s on strike. Picket lines will run outside struck hotels for up to 24 hours a day, and hotels may suspend services while trying to operate with skeleton staffing. Guests have experienced disruptions including unavailable daily housekeeping, towels and linens piled up in hallways, piles of trash visible outside, closed bars and restaurants, and reduced pool hours.

For more information on what guests are saying about hotels owned by Park Hotels and Resorts, visit parkhotelscapexproblems.org.

Ted Waechter 919-636-1124 twaechter@unitehere2.org

Source: UNITE HERE

FAQ

What percentage of Park Hotels' operating profit is affected by the current strikes?

According to the UNITE HERE union analysis, hotels representing over 30% of Park Hotels and Resorts' (NYSE: PK) operating profit are affected by the ongoing strikes.

Which Park-owned Hilton hotels are currently on strike?

The Park-owned Hilton hotels currently on strike are the DoubleTree by Hilton Hotel Seattle Airport, Hilton Boston Logan Airport, Hilton Hawaiian Village, and Hilton Seattle Airport & Conference Center.

What are the main demands of the striking hotel workers?

The striking hotel workers are demanding higher wages, fair staffing and workloads, and the reversal of COVID-era cuts implemented by hotel owners like Park Hotels (NYSE: PK).

How many hotel workers are currently on strike at Park-owned Hilton hotels?

Currently, 2,454 workers employed by Hilton at Park-owned hotels (NYSE: PK) are on strike as part of the UNITE HERE union action.

What service disruptions are guests experiencing at the affected Park Hotels properties?

Guests at affected Park Hotels (NYSE: PK) properties are experiencing disruptions such as unavailable daily housekeeping, towels and linens piled in hallways, visible trash, closed bars and restaurants, and reduced pool hours.

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