Ryman Q3 2020 Earnings Report
Key Takeaways
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 saw sequential improvement in revenue and reduced monthly cash burn.
The company capitalized on drive-to leisure guests and targeted families seeking safe travel options.
The Entertainment segment delivered improved performance and gained momentum.
The company is expanding digital access to its assets to capitalize on the Entertainment business.
Ryman
Ryman
Ryman Revenue by Segment
Forward Guidance
The Company anticipates fourth quarter 2020 monthly cash burn will be within a range of $22 to $24 million, providing approximately 30 months of liquidity inclusive of the Gaylord Palms expansion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income