Ryman Earnings Reports

Ryman Hospitality Properties reported record first quarter revenue, net income, and Adjusted EBITDAre, exceeding expectations. The Hospitality segment showed strong performance with increased RevPAR and Total RevPAR, although the full-year outlook for these metrics was lowered due to macroeconomic uncertainty impacting near-term group bookings. The Entertainment segment also achieved record first quarter results.

Ryman Hospitality Properties, Inc. achieved all-time quarterly record consolidated revenue of $647.6 million in Q4 2024. However, net income declined significantly year-over-year due to softness in holiday leisure demand, particularly at Gaylord Texan and Gaylord Opryland. The company reported strong revenue growth in its Entertainment segment but faced challenges from construction disruptions.

Ryman Hospitality Properties reported record third quarter results, with revenue reaching $550.0 million and net income at $60.4 million. The company's performance was bolstered by record revenues in both its Hospitality and Entertainment segments. However, they revised its full year 2024 guidance, including lowering its same-store Hospitality RevPAR and Total RevPAR growth, as well as consolidated operating income and Adjusted EBITDAre, to account for continued leisure transient softness in Nashville and Orlando, disruption from Hurricane Milton and incremental disruption from capital investment projects underway.

Ryman Hospitality Properties reported strong second-quarter results, driven by solid performance in both its Hospitality and Entertainment segments. The company achieved record second-quarter net income, as well as all-time records for consolidated operating income and consolidated Adjusted EBITDAre. The company also increased its full year 2024 outlook for consolidated net income, operating income, Adjusted EBITDAre and Adjusted FFO.

Ryman Hospitality Properties reported solid first-quarter results, driven by record ADR in the same-store Hospitality portfolio and strong banquet and AV contribution per group room night. Despite some softness in transient demand during the second half of the quarter, the company raised its full-year guidance for net income, funds from operations, and adjusted funds from operations.

Ryman Hospitality Properties finished 2023 strong, achieving numerous records in the fourth quarter and full year across its Hospitality and Entertainment businesses. Lead volumes, bookings, and ADR reached new highs, building on the strong group momentum in the Hospitality business. The company is reiterating its 2024 business performance outlook.

Ryman Hospitality Properties reported a strong third quarter, driven by the strength of its businesses and successful execution of its growth strategy. The Hospitality segment added to its forward book of business, with strong rooms revenue production and ADR growth. The Entertainment segment delivered record third quarter revenue, operating income and Adjusted EBITDAre. The company is updating its full year 2023 guidance as a result of its strong third quarter financial performance.

Ryman Hospitality Properties reported strong second-quarter results, driven by continued group demand and growth in live entertainment. The company achieved record second-quarter revenue and ADR performance for its Gaylord Hotels portfolio, as well as record quarterly revenue, operating income, and Adjusted EBITDAre for its Entertainment segment. The acquisition of the JW Marriott Hill Country was completed, and financing transactions were executed to support the company's long-term strategy.

Ryman Hospitality Properties reported a strong start to 2023, with both Hospitality and Entertainment segments achieving record results. The company's core group customers returned to pre-pandemic travel levels, and the resorts remained popular leisure destinations, contributing to strong rate growth. Demand for live entertainment exceeded internal expectations, leading to record first quarter revenue, operating income, and Adjusted EBITDAre for OEG. Based on this strong performance, the company raised its full-year 2023 guidance and increased the quarterly dividend.

Ryman Hospitality Properties reported strong Q4 and full year 2022 results, with record revenue, operating income, and Adjusted EBITDAre for the year. The Gaylord Hotels delivered a tremendous holiday season, aided by the return of ICE! programming. The Entertainment segment also delivered strong results, including record-setting full year revenue, operating income and Adjusted EBITDAre.

Ryman Hospitality Properties reported strong third-quarter results, driven by record performance in its hotel business and solid results in its Entertainment segment. The company raised its full-year 2022 guidance based on current information.

Ryman Hospitality Properties reported record-breaking results in its hotel business for the second quarter of 2022, driven by strategic actions and capital investments. The Entertainment segment also delivered solid results, exceeding second quarter 2019 performance despite challenges in the tour and travel segment and advertising market.

Ryman Hospitality Properties reported better than expected first quarter results, overcoming initial headwinds from the Omicron variant with strong group travel, leisure demand, and ADR growth. The company is providing Q2 and full year 2022 outlook for Net Income and consolidated Adjusted EBITDAre.

Ryman Hospitality Properties reported its Q4 and full year 2021 results, demonstrating a powerful and nimble business positioned to thrive in the face of uncertainty. Leisure demand was a bright spot throughout the year, contributing to full year results that exceeded internal expectations. The company's hotel operators delivered impressive Adjusted EBITDAre performance, despite experiencing occupancy levels well below 2019 levels.

Ryman Hospitality Properties reported a strong Q3 2021, demonstrating resilience with increased group room nights and entertainment revenue approaching pre-pandemic levels. The company is focused on future growth, including the acquisition of Block 21 in Austin, Texas.

Ryman Hospitality Properties reported encouraging first-quarter results, driven by improving travel industry conditions and progress in the United States vaccine rollout. The company also announced an agreement to acquire the remaining 35% ownership interest in the Gaylord Rockies JV.

Ryman Hospitality Properties reported operational and financial improvements in Q4 2020, with the Hospitality segment delivering a profitable performance due to innovative holiday programming and resort amenities. Despite ongoing challenges from COVID-19, the company is optimistic about a return to more typical business levels later in the year.

Ryman Hospitality Properties reported improved Q3 2020 results with sequential revenue growth and reduced monthly cash burn. The company capitalized on drive-to leisure guests and saw the return of smaller groups. The Entertainment segment also showed improved performance.

Ryman Hospitality Properties successfully reopened most of its hospitality and entertainment operations during June, implementing enhanced cleaning standards and social distancing protocols. The company is focusing on regional transient demand and managing expenses to improve cash burn rate.

Ryman Hospitality Properties experienced a challenging first quarter due to the COVID-19 pandemic, which led to the temporary suspension of operations at nearly all of its businesses in March. While January and February results outperformed expectations, the pandemic's economic fallout significantly impacted March, including approximately $14 million of related costs. The company focused on strengthening customer relationships through flexible rebooking policies, securing liquidity, and supporting employees.

Ryman Hospitality Properties achieved new records in both revenue and profitability in 2019, driven by strategic investments and strong performance across its hospitality and entertainment segments. The company also made progress in expanding its entertainment business with initiatives like Circle Media and the acquisition of Block 21.