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Dec 31, 2023

Ryman Q4 2023 Earnings Report

Ryman Hospitality Properties reported strong Q4 and full year 2023 results, with records achieved in both Hospitality and Entertainment segments.

Key Takeaways

Ryman Hospitality Properties finished 2023 strong, achieving numerous records in the fourth quarter and full year across its Hospitality and Entertainment businesses. Lead volumes, bookings, and ADR reached new highs, building on the strong group momentum in the Hospitality business. The company is reiterating its 2024 business performance outlook.

Ryman Hospitality Properties achieved record performance in both Hospitality and Entertainment segments during Q4 2023.

Lead volumes, bookings, and ADR reached new highs in the Hospitality business.

Ole Red Las Vegas opened in mid-January 2024 to strong demand.

The Wildhorse Saloon is being reimagined as Category 10 in collaboration with Luke Combs, with a phased reopening anticipated beginning in Q3 2024.

Total Revenue
$633M
Previous year: $569M
+11.3%
EPS
$2.08
Previous year: $1.94
+7.2%
RevPAR
$183
Previous year: $174
+5.4%
ADR
$274
Previous year: $259
+5.8%
Occupancy
66.8%
Previous year: 67.01%
-0.3%
Gross Profit
$137M
Previous year: $176M
-22.1%
Cash and Equivalents
$592M
Previous year: $334M
+77.1%
Total Assets
$5.75B
Previous year: $5.93B
-3.1%

Ryman

Ryman

Ryman Revenue by Segment

Forward Guidance

The Company is reiterating its 2024 business performance outlook based on current information as of February 22, 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income