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Ryman Hospitality Properties(RHP) - 2022 Q2 - Earnings Call Transcript
2022-08-02 21:00
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Colin Reed - Chairman, CEO Jennifer Hutcheson - CFO Mark Fioravanti - President Patrick Chaffin - COO Conference Call Participants Dori Kesten - Wells Fargo Smedes Rose - Citi Jay Kornreich - SMBC Bill Crows - Raymond James Chris Woronka - Deutsche Bank Operator Welcome to Ryman Hospitality Properties Second Quarter 2022 Earnings Conference Call. Hosting the call today for Ryman Hos ...
Ryman Hospitality Properties(RHP) - 2022 Q2 - Quarterly Report
2022-08-02 18:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-13079 RYMAN HOSPITALITY PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 73-0664379 (State or Other Jurisdiction of ...
Ryman Hospitality Properties (RHP) Investor Presentation - Slideshow
2022-06-08 17:49
| --- | --- | --- | --- | --- | |--------------|----------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | Block 21 Acquisition | | | | | | and Investor Update | | | | | June 1, 2022 | | | | | 1 2 2 Forward looking statements This presentation may contain "forward-looking statements" of Ryman Hospitality Properties, Inc. (the "Company") as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strict ...
Ryman Hospitality Properties(RHP) - 2022 Q1 - Earnings Call Transcript
2022-05-03 18:39
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q1 2022 Earnings Conference Call May 3, 2022 9:00 AM ET Company Participants Jennifer Hutcheson - Chief Financial Officer Colin Reed - Chairman & Chief Executive Officer Mark Fioravanti - President Patrick Chaffin - Chief Operating Officer Conference Call Participants Shaun Kelley - Bank of America Merrill Lynch Bill Crow - Raymond James Smedes Rose - Citi Dori Kesten - Wells Fargo Chris Woronka - Deutsche Bank Jay Kornreich - SMBC Operator Welcome to Ryman Hosp ...
Ryman Hospitality Properties(RHP) - 2022 Q1 - Quarterly Report
2022-05-03 15:42
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) One Gaylord Drive Nashville, Tennessee 37214 (Address of Principal Executive Offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 (615) 316-6000 or (Registrant's Telephone Number, Including Area Code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commis ...
Ryman Hospitality Properties (RHP) Presents At Raymond James 43rd Annual Institutional Investors Conference
2022-03-11 18:40
AL ESTATE INVESTM Raymond James Institutional Investors Conference March 7, 2022 1 Forward looking statements 2 This presentation may contain "forward-looking statements" of Ryman Hospitality Properties, Inc. (the "Company") as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the future performance of ...
Ryman Hospitality Properties(RHP) - 2021 Q4 - Annual Report
2022-02-25 18:12
Table of Contents (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13079 RYMAN HOSPITALITY PROPERTIES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Exact Name of Registrant as Specified in Its Charter) Delaware 73-0664379 (State ...
Ryman Hospitality Properties(RHP) - 2021 Q4 - Earnings Call Transcript
2022-02-25 18:10
Financial Data and Key Metrics Changes - The company generated total revenue of $377.4 million in Q3 2021, with a net loss of $6 million or $0.11 per fully diluted share [46] - The company reported a positive consolidated adjusted EBITDA of $85.6 million for Q3 2021, marking the third consecutive quarter of positive EBITDA since Q1 2020 [46] - The hotel margin performance was 53%, with hotel occupancy down 23 points compared to Q4 2019 [47] Business Line Data and Key Metrics Changes - In Q4 2021, the company hosted over 272,000 leisure transient room nights, a 2.4% increase over Q4 2019, with an ADR over 25% higher than the same period in 2019 [11][12] - Group room nights totaled almost 236,000, about 54% of Q4 2019 levels, with $20 million collected in attrition and cancellation fees due to Delta variant cancellations [14][15] - The company booked 993,000 room nights in Q4 2021, up 74% from Q4 2020, and down less than 1% from Q4 2019 [24] Market Data and Key Metrics Changes - The company experienced a significant drop in group cancellations due to the Omicron variant, with approximately 177,000 room night cancellations attributed to this wave [16][19] - The average daily new COVID-19 cases fell over 87% from the peak on January 14, indicating a potential recovery in the market [10] Company Strategy and Development Direction - The company plans to invest approximately $200 million in new unit and enhancement opportunities across both hotel and entertainment businesses [56] - The company has invested hundreds of millions into its hotel portfolio over the last few years, enhancing competitive positioning [32][37] - The company is focused on sustaining leisure business and driving rate growth, with expectations to redefine profitability opportunities for its hotels [72][74] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery trajectory, expecting normalized levels of occupancy and business mix as the year progresses [54] - The company anticipates that the second half of 2022 will show improved performance, with strong leisure demand and group lead volumes [30][54] - Management noted that the recent Omicron cancellations had a shorter cancellation window compared to previous waves, indicating a quicker return to normalcy [20][21] Other Important Information - The company announced the expansion of its board with the addition of two new members, enhancing governance and strategic oversight [44][45] - The company is committed to nurturing its entertainment business, which is seen as a valuable asset, while also focusing on maximizing shareholder value [43] Q&A Session Summary Question: Can you discuss the second half recovery cadence and expectations for overall profitability? - Management highlighted the importance of sustaining leisure business and maintaining rate growth to improve margins in the second half of the year [63][64] Question: How quickly can you adjust pricing on corporate and association contracts? - Management indicated that they have significant control over pricing and are aggressively pushing rates, especially in the transient segment [79][81] Question: What are the financing options for upcoming capital expenditures? - Management mentioned that equity financing is an option, but they expect to generate substantial free cash flow as business recovers, providing multiple financing avenues [90][92] Question: Can you take pricing increases on non-room offerings? - Management confirmed that they can adjust pricing on food and beverage offerings in real-time, utilizing various strategies to manage costs and pricing [101][103]
Ryman Hospitality Properties(RHP) - 2021 Q3 - Earnings Call Transcript
2021-11-02 19:18
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q3 2021 Earnings Conference Call November 2, 2021 10:00 AM ET Company Participants Mark Fioravanti - President & Chief Financial Officer Colin Reed - Chairman & Chief Executive Officer Patrick Chaffin - Chief Operating Officer Conference Call Participants Bill Crow - Raymond James Shaun Kelley - Bank of America Smedes Rose - Citigroup Dori Kesten - Wells Fargo Chris Woronka - Deutsche Bank Patrick Scholes - Truist Securities Operator Welcome to Ryman Hospitality ...
Ryman Hospitality Properties(RHP) - 2021 Q3 - Quarterly Report
2021-11-02 18:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-13079 RYMAN HOSPITALITY PROPERTIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 73-0664379 (State or Other Jurisdicti ...