Ryman Hospitality Posts Record Q2 Revenue of $749M, Raises Full-Year Guidance
RHP sits 46% above its 52-week low of $83.82.
Summary
Ryman Hospitality reported record Q2 2026 revenue of $749 million, raised full-year guidance, and highlighted strong group booking trends. The quarter underscores the company's dominant position in the large convention hotel market.
Key Events · Earnings and Guidance · RHP
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Record Q2 Revenue
Total revenue reached $749 million, up 13.6% year-over-year, driven by strong group demand and higher ADR across the portfolio.
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Raised Full-Year Guidance
Management increased its 2026 outlook, citing robust forward bookings and sustained pricing power in the group segment.
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Strong Group Booking Momentum
Same-store net definite group room nights booked for all future periods rose 9.3% in Q2, with ADR on the books 5.6% higher than a year ago.
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Refinancing Lowers Interest Costs
Issued $700 million of 5.75% senior notes due 2034 to redeem higher-cost 4.75% notes due 2027, extending maturities and reducing near-term refinancing risk.
Analysis · RHP · Real Estate & Construction
Ryman delivered its strongest quarter ever, with revenue up 13.6% to $749 million and net income available to common stockholders rising 29.3% to $92.8 million. The company raised full-year guidance, reflecting robust group demand and pricing power across its convention-focused resorts. The quarter also saw a successful refinancing that extended maturities and lowered interest costs, while the company continues to invest heavily in property renovations and expansions. The results confirm the post-pandemic recovery in large group meetings is not only intact but accelerating.
At the time of this filing, RHP was trading at $122.34 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $7.7B. 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.