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Mar 31, 2022
Ryman Q1 2022 Earnings Report
Reported better than expected performance during the first quarter, driven by improvement in group travel and strength in leisure demand.
Key Takeaways
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.
Businesses delivered better than expected performance during the first quarter.
Initial headwinds from the Omicron variant were overcome by a rapid month-over-month improvement in group travel and continued strength in leisure demand.
Q1 2022 ADR surpassed Q1 2019 ADR by 14.0 percent.
Hospitality Adjusted EBITDAre for March exceeded comparable results for the pre-pandemic period of March 2019.
Ryman
Ryman
Forward Guidance
The following business performance outlook for second quarter 2022 and full year 2022 is based on current information as of May 2, 2022.