Ryman Hospitality Properties Reports 13.6% Revenue Growth in Q2 2026

Ryman Hospitality Properties, Inc. reported a significant increase in financial performance for the second quarter of 2026, with total revenues reaching $748.98 million, a 13.6% increase from $659.52 million in the same period of 2025. For the first half of 2026, revenues totaled $1.41 billion, up 13.4% from $1.25 billion year-over-year. The company’s net income for the quarter was $102.08 million, a 34.5% increase compared to $75.88 million in the prior year, while net income available to common stockholders rose by 29.3% to $92.75 million, translating to a diluted earnings per share of $1.42.

The company attributed its revenue growth primarily to the full-period contribution from the JW Marriott Desert Ridge, which was acquired in June 2025. This property alone added approximately $55.3 million in revenue for the quarter. Additionally, the hospitality segment saw a 17.2% increase in revenue, driven by higher room rates and increased food and beverage sales. The average daily rate (ADR) for the hospitality segment increased by 9.7% to $284.05, while revenue per available room (RevPAR) rose by 8.8% to $206.52.

Operationally, Ryman Hospitality reported a total of 11,869 rooms across its properties, with a slight decrease in occupancy rates to 72.7% from 73.3% in the previous year. The company also noted a 21% increase in total revenue and Total RevPAR at Gaylord Palms, indicating strong performance in that location. The company’s total operating expenses increased by 10.4% to $574.43 million for the quarter, primarily due to higher costs associated with the hospitality segment, including increased management fees and depreciation.

Strategically, Ryman Hospitality has been active in enhancing its capital structure, having issued $700 million in senior notes at a 5.75% interest rate, which were used to redeem existing higher-rate debt. The company also increased its revolving credit facility from $700 million to $850 million, extending its maturity to January 2030. Looking ahead, Ryman anticipates investing between $160 million and $260 million in capital expenditures for the remainder of 2026, focusing on property renovations and expansions, including ongoing projects at Gaylord Opryland and the construction of new entertainment venues. The company remains committed to maintaining its dividend policy, aiming to distribute at least 100% of its REIT taxable income annually.