park hotels  resorts inc said it is reinstating its quarterly dividend citing a broad business recovery across all segments and strong demand for travel the company said it will pay out one cent a share for the first quarter of 2022 i am very pleased with the broadbased recovery in demand that we witnessed in february and expect to continue into march chairman and chief executive thomas baltimore said strong leisure demand in hawaii miami and key west helped to drive overall performance and occupancy continued to build across our urban portfolio of hotels improving sequentially by 15 percentage points to 40 while average rate increased nearly 20 during the month of february  further signs of a business recovery beginning to take shape he added the company said recovery in all segments is anticipated to strengthen throughout 2022 with demand for group and business travel to accelerate starting in the second quarter the company expects occupancy in march to be 605 across all of its 48 hotels all of the companys hotels are now open except for one in san francisco write to will feuer at willfeuerwsjcom