Ryman Q3 2022 Earnings Report
Key Takeaways
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.
Hotel business set multiple records in the third quarter, eclipsing marks set in the second quarter of this year.
Rebound of group travel, alongside continued healthy leisure demand, validates business model.
Food and beverage business delivered favorable results across all Gaylord Hotel properties.
Entertainment segment continues to deliver solid results, as revenue, segment operating income and Adjusted EBITDAre for the third quarter all exceeded third quarter 2019, even excluding the assets acquired and developed after 2019
Ryman
Ryman
Ryman Revenue by Segment
Forward Guidance
The Company is raising its consolidated guidance for full year 2022 based on current information as of October 31, 2022 to a consolidated Adjusted EBITDAre midpoint of $538.5 million.
Positive Outlook
- Unique hotel properties and entertainment venues continues to generate strong interest
- Financial results from group and leisure travelers are strong
- Visibility that the contractual nature of core hospitality business provides is a differentiating strength
- Opportunity to continue to invest in new and exciting offerings for guests
- Confidence in the remainder of the year
Challenges Ahead
- Current economic uncertainty
Revenue & Expenses
Visualization of income flow from segment revenue to net income