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Ryman Hospitality Properties(RHP) - 2024 Q1 - Earnings Call Transcript
2024-05-02 21:32
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q1 2024 Earnings Conference Call May 2, 2024 1:00 PM ET Company Participants Jennifer Hutcheson - Chief Financial Officer Colin Reed - Executive Chairman Mark Fioravanti - President & Chief Executive Officer Patrick Chaffin - Chief Operating Officer Patrick Moore - Chief Executive Officer, Opry Entertainment Group Conference Call Participants Chris Woronka - Deutsche Bank Bill Crow - Raymond James Smedes Rose - Citi Shaun Kelley - Bank of America Dori Kesten - ...
Ryman Hospitality Properties(RHP) - 2024 Q1 - Quarterly Report
2024-05-02 19:04
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 March 31, 2024 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 o ...
Ryman Hospitality Properties(RHP) - 2024 Q1 - Quarterly Results
2024-05-02 10:03
Exhibit 99.1 NASHVILLE, Tenn. (May 1, 2024) – Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust ("REIT") specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three months ended March 31, 2024. First Quarter 2024 Highlights and Recent Developments: Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, "Our first quarter results were solid, even with ongoing re ...
Ryman Hospitality Properties(RHP) - 2023 Q4 - Annual Report
2024-02-23 19:58
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) For the transition period from to Commission File No. 1-13079 RYMAN HOSPITALITY PROPERTIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 73-0664379 (State or Other Jurisdiction of Incorporation or Organization) One Gaylord Drive, Nashville, Tennessee 37214 (Address of Principal Executive Offices) (Zip Code) (I.R.S. Employer Identification No.) Registrant's Telephone Number, ...
Ryman Hospitality Properties(RHP) - 2023 Q4 - Earnings Call Transcript
2024-02-23 18:15
Financial Data and Key Metrics Changes - The company reported a record ADR of $260 in the fourth quarter, up 2% compared to last year [34] - Banquet revenue increased by 13.5%, driven by higher contributions per group room night [34] - Adjusted EBITDAre for the entertainment business grew by 15.8%, translating into margin expansion of 340 basis points compared to last year [19] Business Line Data and Key Metrics Changes - The hospitality business is expected to invest approximately $290 million to $360 million in major projects for 2024, including renovations and expansions [21][22] - The entertainment business anticipates spending about $70 million to $80 million on ongoing projects, including the opening of Ole Red Las Vegas [23] Market Data and Key Metrics Changes - Group rooms revenue for 2024 is pacing up 8% compared to the same time last year, indicating strong demand in the group meeting segment [18] - The company noted that group demand has surpassed prior peak levels, supported by limited new supply under construction [32] Company Strategy and Development Direction - The company focuses on building strong customer relationships to drive loyalty and retention, which in turn supports overall demand [10] - The management team emphasizes a unique employee-centric model that enhances long-term customer satisfaction, particularly for group customers [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future, citing significant visibility into future bookings and a meaningful recurring revenue stream [38] - The company anticipates that the disruptions from capital projects in 2024 will ultimately support long-term growth [38] Other Important Information - The company ended the year with $592 million of unrestricted cash and a total available liquidity of approximately $1.3 billion [29] - A dividend of $1.10 per share has been declared for the first quarter, reflecting the company's intention to pay 100% of its taxable income through dividends [30] Q&A Session Summary Question: How is the pacing in the first quarter? - Management noted a setback due to weather in Nashville but remains encouraged by group trends and increased food and beverage spending [44] Question: Will this year be the most disruptive to earnings due to renovations? - Management indicated that the next two years will have similar levels of disruption due to ongoing renovations [48] Question: How are capital projects prioritized? - Projects are prioritized based on ROI and customer feedback, ensuring that construction disruption is managed effectively [45] Question: What is the outlook for the National asset? - Management expressed satisfaction with the National's performance and noted that it is well-positioned for future growth as the market recovers [62] Question: What is the expected growth from the entertainment business? - Management indicated that the majority of growth will come from internal drivers and ongoing projects, with potential for external growth opportunities [122]
Ryman Hospitality Properties(RHP) - 2023 Q3 - Earnings Call Transcript
2023-11-07 19:58
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q3 2023 Earnings Conference Call November 7, 2023 10:00 AM ET Company Participants Mark Fioravanti - President, CEO & Director Colin Reed - Executive Chairman Patrick Moore - CEO, Opry Entertainment Group Conference Call Participants Gregory Miller - Truist Securities Chris Woronka - Deutsche Bank Jay Kornreich - Wedbush Securities Dori Kesten - Wells Fargo Securities Operator Welcome to Ryman Hospitality Properties Third Quarter 2023 Earnings Conference Call. H ...
Ryman Hospitality Properties(RHP) - 2023 Q3 - Quarterly Report
2023-11-07 19:39
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, 2023 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 ...
Ryman Hospitality Properties(RHP) - 2023 Q2 - Earnings Call Transcript
2023-08-05 17:09
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET Company Participants Jennifer Hutcheson - IR Colin Reed - Executive Chairman Mark Fioravanti - President & CEO Jennifer Hutcheson - CFO Patrick Chaffin - Chief Operating Officer Conference Call Participants William Crow - Raymond James Smedes Rose - Citi Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank Dori Kesten - Wells Fargo Shaun Kelley - Bank of America Operator Welcome to Ryman Ho ...
Ryman Hospitality Properties(RHP) - 2023 Q2 - Quarterly Report
2023-08-04 17:25
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, 2023 or Delaware 73-0664379 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-13079 RYMAN HOSPITALITY PRO ...
Ryman Hospitality Properties(RHP) - 2023 Q1 - Earnings Call Transcript
2023-05-06 15:21
Ryman Hospitality Properties, Inc. (NYSE:RHP) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Jennifer Hutcheson - Investor Relations Colin Reed - Executive Chairman Mark Fioravanti - President and Chief Executive Officer Jennifer Hutcheson - Chief Financial Officer Patrick Chaffin - Chief Operating Officer Conference Call Participants Smedes Rose - Citi Shaun Kelley - Bank of America Dori Kesten - Wells Fargo Chris Woronka - Deutsche Bank Patrick Scholes - Truist Securities Bi ...