Ryman Hospitality Properties, Inc. (RHP) Earnings Call Transcripts

Ryman Hospitality Properties, Inc.'s Latest Earnings Call - June 1, 2026

In the earnings call for Q2 2026, Ryman Hospitality Properties, Inc. reported strong performance driven by unique business strategies and asset management. The company emphasized its distinct position in the REIT sector due to its focus on large destination assets and a significant entertainment business. Revenue growth was supported by a robust booking pace and strategic capital deployment, with management highlighting a mid-single-digit rate growth over the next several years. No specific revenue or earnings figures were disclosed, but management's commentary suggested a positive outlook. Guidance was maintained, with expectations for continued demand growth and no new supply pressures.

Reported metrics

Guidance from management

Management maintained guidance, expecting continued demand growth with no new supply pressures. They highlighted a mid-single-digit rate growth over the next several years.

What management said

I mean for us, in terms of what we look at and think about every day is really is our booking base as we look at -- as we look long term, what does that book of business look like when you look out over the next 4, 5, 6, 10 years. What rate is it trading at? And are we on the right demand curve to hit the beginning of the year at 50 points of occupancy that -- we entered the year with 50 points on the books. In th...

Yes. And look, group has continued to perform well, whether it's short term when you look at attrition rates or you look at outside-the-room spending, we continue to see groups turning up and spending. Lead volumes are good. We're seeing good rates in terms of future bookings outside the room spending has been terrific. So group is healthy. We've seen good demand out of leisure. -- spring break was positive. Summer...

What analysts pressed on

Analysts questioned the sustainability of demand trends and the impact of AI on operations and margins. Concerns were raised about the potential for AI to reduce jobs or alter demand dynamics.

Main topics on the call

• Unique Business Model — Ryman differentiates itself by having 95% of its hotels unencumbered by brand management, allowing for greater control over strategic direction and CapEx. Management stated, 'We tend to be able to drive better margins.'
• Booking Pace and Revenue Growth — The company entered the year with 50% occupancy on the books and is experiencing mid-single-digit rate growth driven by limited new supply and strategic capital deployment. Management noted, 'We're growing rate at mid-si...
• Entertainment Business Expansion — Ryman's entertainment segment, focused on the country music consumer, is expanding with new projects in Las Vegas and Indianapolis. The segment contributes 15% of revenue and EBITDA, with margins expected to remain in th...
• Operational Flexibility and Asset Management — The company maintains operational flexibility by managing most projects internally, allowing for strategic timing and spending on enhancements. Management emphasized, 'We have internal design and construction teams that ...

Read the full Ryman Hospitality Properties, Inc. transcript (June 1, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 Ryman Hospitality Properties, Inc. earnings call transcripts on record, spanning February 25, 2020 to June 1, 2026. Based on this history, Ryman Hospitality Properties, Inc. reports quarterly. The most recent call on file is dated June 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RHP

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Hotel and Resort REITs

Calls on record

43

First call

February 25, 2020

Most recent

June 1, 2026

Reporting cadence

quarterly