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Dec 31, 2019
Ryman Q4 2019 Earnings Report
Ryman Hospitality Properties reported financial results for the fourth quarter and full year ended December 31, 2019.
Key Takeaways
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.
Ryman Hospitality Properties achieved record revenue and profitability in 2019.
The Same-Store hotels now have a record high of more than 6.8 million net room nights on the books for all future years.
The Entertainment segment completed its best year ever, driven by Nashville-based entertainment assets and the Ole Red brand.
The company announced an agreement to acquire Block 21, a mixed-use live entertainment complex in Austin, Texas.
Revenue by Segment
Forward Guidance
Ryman Hospitality Properties provided its business performance outlook for 2020, which includes the consummation of the planned Block 21 transaction and the impact of Circle Media.
Positive Outlook
- Momentum continues to increase as we enter 2020.
- Confident in ability to capitalize on the strength of the group market.
- Competitive position.
- Anticipated benefit of recent capital reinvestments at Gaylord Texan.
- Growth plans on the Entertainment side of our business.
Challenges Ahead
- Guidance does not present Same-Store data since Gaylord Rockies has been open for a full year.
- The guidance contemplates the consummation of the planned Block 21 transaction and the impact of Circle Media.
- Economic conditions affecting the hospitality business generally.
- Business levels at the Company’s hotels.
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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