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Jun 30, 2023
Ryman Q2 2023 Earnings Report
Ryman Hospitality Properties reported record second-quarter revenue and ADR performance for its Gaylord Hotels portfolio and record quarterly revenue, operating income and Adjusted EBITDAre for its Entertainment segment.
Key Takeaways
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.
Continued strong group demand produced record second-quarter revenue and ADR performance for the Gaylord Hotels portfolio.
The Entertainment segment delivered record quarterly revenue, operating income and Adjusted EBITDAre.
The company added to its healthy forward book of business as lead volumes, bookings and rate continued to grow.
The acquisition of the JW Marriott Hill Country was completed, providing an additional destination for group and leisure customers.
Revenue by Segment
Forward Guidance
The Company is updating its 2023 business performance outlook to reflect the acquisition of JW Marriott Hill Country, based on current information as of August 3, 2023. The Company does not expect to update the guidance provided below before next quarter’s earnings release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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