Ryman Hospitality Properties Reports $664.6 Million Revenue in Q1 2026, Driven by Hospitality Segment Growth

Ryman Hospitality Properties, Inc. reported a total revenue of $664.6 million for the first quarter of 2026, marking a 13.2% increase from $587.3 million in the same period of 2025. The company's net income available to common stockholders rose to $70.5 million, or $1.03 per diluted share, compared to $63.0 million, or $1.00 per diluted share, in the prior year. This growth in revenue and profitability was primarily driven by a significant increase in the Hospitality segment, which saw revenues rise by $87.7 million, largely attributed to the addition of the JW Marriott Desert Ridge property.

In terms of operational metrics, the Hospitality segment reported a total revenue of $585.4 million, up 17.6% from $497.7 million in the previous year. The increase was supported by a rise in average daily rates (ADR) and revenue per available room (RevPAR), which reached $295.21 and $201.08, respectively. However, the Entertainment segment experienced a decline in revenue, falling to $79.2 million from $89.6 million, primarily due to lower attendance and revenue at venues affected by adverse weather conditions.

Ryman's strategic developments included the completion of a $700 million senior notes issuance, which was used to redeem existing debt, and an increase in the borrowing capacity of its revolving credit facility from $700 million to $850 million. The company also invested approximately $113.7 million in capital expenditures during the quarter, focusing on renovations and expansions across its properties, including ongoing projects at Gaylord Opryland and JW Marriott Hill Country.

The company reported a total asset value of $6.19 billion as of March 31, 2026, with total liabilities of $4.99 billion, resulting in stockholders' equity of $732.8 million. Ryman's cash flow from operating activities was $169.2 million, significantly higher than the $98.2 million reported in the same quarter of the previous year. Looking ahead, Ryman anticipates continued investment in its operations, projecting capital expenditures between $235 million and $335 million for the remainder of 2026, while maintaining its commitment to pay dividends of at least 100% of REIT taxable income annually.