📈 Price History

Ratio Health

— Excellent

— Good

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By Category

📊 Sector Averages

About

Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding RHP

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	81.4K	$7.5M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Mixed ~ Volatile 4 quarters analysed

Q2 2025

Cautious

Management repeatedly uses phrases like 'unpredictable times', 'very complicated issues occurring at once', and 'cautious outlook for higher group attrition and cancellations' while also expressing confidence in long-term trends and record results, indicating a guarded but not pessimistic stance.

Q3 2025

Confident Specific

Management uses precise numbers (e.g., group room nights on books up 9%, ADR up 3%, 10% Oct airport traffic increase) and expresses optimism about long-term drivers, but repeatedly tempers with phrases like 'cautiously optimistic' and 'somewhat volatile operating landscape', acknowledging headwinds from government shutdown and new supply.

Q4 2025

Mixed

Executives expressed strong confidence in past performance ('record top and bottom line', 'highest RevPAR index in history') but adopted a cautious tone for 2026 guidance ('measured view of demand is prudent', 'significant macroeconomic uncertainty'). They acknowledged uncertainty multiple times while celebrating record bookings and holiday results.

Q1 2026 latest

Mixed

Management expressed confidence in strong Q1 results and raised guidance, but also highlighted geopolitical risks, potential rate hikes, and maintained a measured outlook for the rest of the year, using phrases like 'storm clouds on the horizon' and 'measured confidence'.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call, given the Q1 beat and raised full-year guidance, underpinned by successful capital deployment and a refined group strategy that is driving higher-quality demand and pricing power. The cautious macro tone and unchanged outlook for the rest of the year suggest management is balancing optimism with prudence, which may limit upside in the near term. Key areas to watch next quarter include leisure demand trends, corporate booking conversion for 2027/2028, and any impact from geopolitical events on travel budgets. Overall, the call reinforces confidence in the 2027 targets but does not remove macro uncertainty.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Mixed ~ Volatile 4 quarters Full tone analysis in Intelligence →

📊 MIXED RHP reports record Q1 revenue at Gaylord Opryland, Palms, and JW Desert Ridge

Revenue & Profitability

First quarter results exceeded expectations, with Gaylord Opryland, Gaylord Palms, and JW Marriott Desert Ridge each posting record revenue and/or Adjusted EBITDAre. Same-store ADR increased over 5% year-over-year, and banquet AV revenue per group room night increased over 6%. The company raised the midpoint of its full-year guidance to reflect this outperformance.

Outlook

Management sees resilient group demand, with cancellations normalizing after Winter Storm Fern and gross group room nights booked up nearly 27% year-over-year in Q1. However, they note macro headwinds including geopolitical volatility, potential Fed rate hikes, and higher gas prices that could soften leisure demand. The guidance range reflects measured confidence: midpoint assumes mid-single-digit group revenue growth and flattish leisure, with upside from continued strong corporate trends.

Growth Drivers

Growth is driven by the focus on premium corporate groups, which comprised two-thirds of Q1 production, and by ongoing capital investments including meeting space expansions at Gaylord Opryland and the JW Marriott Desert Ridge. The entertainment segment is expanding via new Ole Red venues (Indianapolis partnership with NBA Pacers/ WNBA Fever) and organic venues like Category 10 in Las Vegas. The recently acquired JW Marriott Desert Ridge is exceeding expectations under RHP's group strategy.

Balance Sheet & CapEx

Full-year 2026 capital expenditure is expected to be between $350 million and $450 million. Major projects include the Gaylord Opryland meeting space expansion, Gaylord Texan room renovation (completes August 2026), JW Marriott Hill Country room renovation (through Q1 2027), and the Category 10 Las Vegas development. All projects are on time and on budget.

Margins

Same-store Adjusted EBITDAre margin expanded in Q1, supported by higher room rates, increased banquet and AV revenue, and ongoing efficiency initiatives. The company expects third quarter 2026 to show the strongest revenue and margin growth for same-store hospitality, benefiting from easier comparisons and strong corporate mix.

Key Risks

Risks identified include: potential pullback in 2026 meeting budgets due to macro uncertainty, softer leisure demand from higher gas prices, geopolitical tensions (Iran oil) affecting inflation and Fed rate hikes, and the impact of winter storms on operations. Management also noted that the shift to more corporate groups, while beneficial for rates, introduces slightly shorter booking windows.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-07

Second quarter results exceeded expectations, driven by strong group business, record performance at key properties, and robust entertainment segment growth. Raised guidance reflects continued confidence in group demand and margin expansion, supported by strategic investments and disciplined capital allocation.

Q1 2026 Q1 2026 2026-05-01

First quarter results exceeded expectations, driven by strong hospitality performance, record revenues at key properties, and robust group bookings. Guidance was raised, with confidence in achieving 2027 targets, while maintaining caution due to macroeconomic uncertainties.

Q4 2025 Q4 2025 2026-02-24

Q4 and full-year results exceeded guidance, driven by strong group and leisure demand, record entertainment performance, and successful strategic investments. 2026 guidance is conservative due to macro uncertainty, but bookings and liquidity remain robust.

Q3 2025 Q3 2025 2025-11-04

Third-quarter results met or exceeded expectations, with strong group and leisure demand, record future bookings, and robust performance in key hotel and entertainment assets. Guidance for 2025 was reiterated, with cautious optimism for Q4 amid government-related uncertainties.

Q2 2025 Q2 2025 2025-08-05

Record consolidated revenue and strong segment performance were achieved despite macroeconomic headwinds. The JW Marriott Desert Ridge acquisition and robust group bookings position the business for long-term growth, though near-term guidance remains cautious due to market uncertainties.

📊 Analysis Methodology

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