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Dec 31, 2021
Ryman Q4 2021 Earnings Report
Reported financial results for the three months and year ended December 31, 2021.
Key Takeaways
Ryman Hospitality Properties reported its Q4 and full year 2021 results, demonstrating a powerful and nimble business positioned to thrive in the face of uncertainty. Leisure demand was a bright spot throughout the year, contributing to full year results that exceeded internal expectations. The company's hotel operators delivered impressive Adjusted EBITDAre performance, despite experiencing occupancy levels well below 2019 levels.
Improvement in group travel as compared to 2020 and encouraging trends for future periods as national health conditions improve.
Leisure demand was a bright spot throughout the year for hospitality and entertainment businesses and contributed to full year results that exceeded internal expectations.
Significant capital investments have created additional growth opportunities and further differentiate our product versus the competition.
Block 21 acquisition is on track to close by the end of Q1 2022.
Ryman
Ryman
Ryman Revenue by Segment
Revenue by Segment
Hospitality Revenue
CapyFin.comEntertainment Revenue
CapyFin.com Forward Guidance
As we approach the two-year anniversary of the near-total shutdown of our businesses due to the COVID-19 pandemic, I am pleased to see that our team remains focused on the future. We have continued to invest in our people and portfolio, and we will emerge a stronger and more resilient company than ever before.
Positive Outlook
- Team remains focused on the future.
- Continued to invest in our people and portfolio.
- Emerge a stronger and more resilient company than ever before.
- One-of-a-kind business is well-positioned for the future.
- Healthy balance sheet that has allowed us to invest in our future and create tremendous shareholder value.
Challenges Ahead
- COVID-19 pandemic
- Effects of the COVID-19 pandemic on the demand for travel
- Transient and group business (including government-imposed restrictions)
- Levels of consumer confidence in the safety of travel and group gathering as a result of COVID-19
- Governmental restrictions on our businesses
Revenue & Expenses
Visualization of income flow from segment revenue to net income