Park Hotels & Resorts Inc. announced that it is has withdrawn its previously announced 2020 outlook amid growing concerns about the COVID-19 virus outbreak. Since providing guidance nearly two weeks ago, Park has experienced a material increase in the number of corporate group cancellations. Additionally, increasing travel restrictions, governmental travel advisories and state of emergency declarations across several of the company's key markets are expected to adversely impact the company’s financial results for the full year 2020.