Ryman Hospitality Posts Record Q2 Revenue and Lifts Full-Year Outlook
RHP sits 50% above its 52-week low of $83.82.
Summary
Ryman Hospitality posted record Q2 2026 revenue of $749 million and raised full-year guidance, reflecting strong group demand and pricing at its convention center resorts.
Key Events · Earnings and Guidance · RHP
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Record Q2 Revenue and Profit
Consolidated revenue reached an all-time quarterly record of $749.0 million, accompanied by net income of $102.1 million and Adjusted EBITDAre of $258.3 million.
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Full-Year Guidance Raised
The consolidated Adjusted EBITDAre midpoint was raised to $894 million from $883 million, while same-store Hospitality RevPAR growth is now expected at 3.5%–4.5%, up from 2.25%–3.75%.
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Strong Group Booking Momentum
Over 768,000 same-store gross definite room nights were booked for future periods at a record estimated ADR of $310, an 8.6% year-over-year increase.
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Capital Expenditure Increase
2026 capex guidance was raised to $400–$500 million from $350–$450 million, reflecting accelerated timing of previously planned projects rather than a change in scope.
Analysis · RHP · Real Estate & Construction
The quarter was Ryman's strongest ever, with consolidated revenue reaching $749 million and Adjusted EBITDAre hitting $258.3 million—both all-time highs. Bolstered by robust group demand and pricing power across its convention hotel portfolio, the company raised its full-year forecast across the board. The consolidated Adjusted EBITDAre midpoint now stands at $894 million, an $11 million increase from prior guidance. A record bookings pace and the upward revision underscore the resilience of premium group travel, which directly benefits Ryman's distinctive asset base.
At the time of this filing, RHP was trading at $126.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $83.82 to $137.46. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.