Ryman Hospitality Q1 Revenue Reaches $664.6M, Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
Should l Buy RHP?
Reports Q1 revenue $664.6M, consensus $649.29M. Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, "We are very pleased to deliver a strong start to 2026, with first quarter results exceeding our expectations. In our same-store Hospitality portfolio, favorable group mix drove upside in group ADR and outside-the-room spending, which together with strong Spring Break leisure performance more than offset the impact of Winter Storm Fern. Meeting planner sentiment remained resilient throughout the quarter, resulting in the highest first quarter same-store group room night bookings production since 2018. While the operating environment remains dynamic, current and forward-looking group business indicators remain strong, and our first quarter results underscore the strength of our business model, the quality of our assets, and the effectiveness of our capital allocation strategy. As a result, we are raising our guidance ranges to reflect the first quarter outperformance."
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Analyst Views on RHP
Wall Street analysts forecast RHP stock price to fall
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 110.420
Low
92.00
Averages
108.71
High
121.00
Current: 110.420
Low
92.00
Averages
108.71
High
121.00
About RHP
Ryman Hospitality Properties, Inc. is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. Its holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center, and Gaylord Rockies Resort & Convention Center, which are non-gaming convention center hotels in the United States based on total indoor meeting space. Its segments include Hospitality, which includes its Gaylord Hotels properties, its JW Marriott properties, the Inn at Opryland and the AC Hotel; Entertainment, which includes the entertainment and media assets comprising OEG; and Corporate and Other. It owns the JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa. Its Inn at Opryland is located across the street from Gaylord Opryland, which has approximately 303 rooms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
RHP Exceeds Expectations in Q1 Performance
- Significant Revenue Growth: Ryman Hospitality Properties Inc (NYSE:RHP) reported record first-quarter revenue with an overall year-over-year increase of over 5%, showcasing the strength of its assets and business model, which is expected to further boost market confidence.
- Strong JW Marriott Performance: The JW Marriott Desert Ridge, acquired less than a year ago, saw nearly an 8% increase in ADR and a 25% rise in banquet and AV revenue in the first quarter, indicating substantial financial returns from RHP's ownership and strategy.
- Robust Liquidity Position: As of the end of the first quarter, the company had $424 million in cash on hand and approximately $1.35 billion in total liquidity, providing strong support for future expansions and investments, thereby enhancing financial stability.
- Cautious Future Outlook: Despite a strong first-quarter performance, RHP remains cautious about the macroeconomic environment, particularly regarding rising oil prices and potential interest rate hikes that could impact leisure demand and meeting budgets, necessitating close monitoring of market changes.
See More
Ryman Hospitality Reports Strong Q1 2026 Earnings Exceeding Expectations
- Strong Performance: Ryman Hospitality achieved results that exceeded expectations in Q1 2026, with overall revenue and market share growth despite a complex geopolitical backdrop, demonstrating robust performance in its same-store operations.
- Record Revenue: Gaylord Opryland, Gaylord Rockies, and Gaylord Palms all reported record quarterly revenue and adjusted EBITDA, indicating the company's sustained competitiveness in the premium market segment.
- Significant Booking Growth: Group room nights booked in Q1 increased nearly 27% year-over-year, marking the strongest performance since 2018, reflecting the company's continued focus on premium corporate clients and strong market demand recovery.
- Financial Stability: At the end of Q1, Ryman Hospitality had $424 million in unrestricted cash and approximately $1.35 billion in available liquidity, ensuring the company's capital expenditure plans and financial flexibility for the coming years.
See More
Ryman (RHP) Q1 2026 Earnings Call Transcript
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Ryman Hospitality Properties Q1 Earnings Exceed Expectations
- Strong Financial Performance: Ryman Hospitality Properties reported a Q1 FFO of $2.14 per share and revenue of $664.57 million, reflecting a 13.2% year-over-year increase, surpassing market expectations by $16 million, indicating robust profitability and market demand.
- Positive Stock Reaction: Following the earnings release, Ryman's shares rose by 0.8% in after-hours trading, demonstrating investor confidence in the company's performance and future growth potential.
- Active Market Engagement: Ryman is actively participating in the 47th Annual Raymond James Institutional Investor Conference and will present at Citi's Miami Global Property CEO Conference in 2026, showcasing its commitment to enhancing brand visibility and investor relations.
- Financing Initiative Launched: The company announced a $700 million senior notes offering aimed at funding future expansions and investments, further strengthening its competitive position in the hospitality industry.
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RYMAN HOSPITALITY REPORTS Q1 NET INCOME OF $69.402 MILLION
- Financial Performance: Ryman Hospitality reported a net income of USD 69.4 million for Q1.
- Business Overview: The company continues to focus on its hospitality and entertainment sectors, contributing to its financial growth.
See More
RYMAN HOSPITALITY REPORTS Q1 ADJUSTED FFO OF USD 156.078 MILLION
- Financial Overview: The adjusted financial figure for the hospital is reported at $156.078 million.
- Context of Adjustment: This adjustment reflects changes in the hospital's financial status or operational costs.
See More
RHP Exceeds Expectations in Q1 Performance
- Significant Revenue Growth: Ryman Hospitality Properties Inc (NYSE:RHP) reported record first-quarter revenue with an overall year-over-year increase of over 5%, showcasing the strength of its assets and business model, which is expected to further boost market confidence.
- Strong JW Marriott Performance: The JW Marriott Desert Ridge, acquired less than a year ago, saw nearly an 8% increase in ADR and a 25% rise in banquet and AV revenue in the first quarter, indicating substantial financial returns from RHP's ownership and strategy.
- Robust Liquidity Position: As of the end of the first quarter, the company had $424 million in cash on hand and approximately $1.35 billion in total liquidity, providing strong support for future expansions and investments, thereby enhancing financial stability.
- Cautious Future Outlook: Despite a strong first-quarter performance, RHP remains cautious about the macroeconomic environment, particularly regarding rising oil prices and potential interest rate hikes that could impact leisure demand and meeting budgets, necessitating close monitoring of market changes.
See More
Ryman Hospitality Reports Strong Q1 2026 Earnings Exceeding Expectations
- Strong Performance: Ryman Hospitality achieved results that exceeded expectations in Q1 2026, with overall revenue and market share growth despite a complex geopolitical backdrop, demonstrating robust performance in its same-store operations.
- Record Revenue: Gaylord Opryland, Gaylord Rockies, and Gaylord Palms all reported record quarterly revenue and adjusted EBITDA, indicating the company's sustained competitiveness in the premium market segment.
- Significant Booking Growth: Group room nights booked in Q1 increased nearly 27% year-over-year, marking the strongest performance since 2018, reflecting the company's continued focus on premium corporate clients and strong market demand recovery.
- Financial Stability: At the end of Q1, Ryman Hospitality had $424 million in unrestricted cash and approximately $1.35 billion in available liquidity, ensuring the company's capital expenditure plans and financial flexibility for the coming years.
See More
Ryman (RHP) Q1 2026 Earnings Call Transcript
See More
Ryman Hospitality Properties Q1 Earnings Exceed Expectations
- Strong Financial Performance: Ryman Hospitality Properties reported a Q1 FFO of $2.14 per share and revenue of $664.57 million, reflecting a 13.2% year-over-year increase, surpassing market expectations by $16 million, indicating robust profitability and market demand.
- Positive Stock Reaction: Following the earnings release, Ryman's shares rose by 0.8% in after-hours trading, demonstrating investor confidence in the company's performance and future growth potential.
- Active Market Engagement: Ryman is actively participating in the 47th Annual Raymond James Institutional Investor Conference and will present at Citi's Miami Global Property CEO Conference in 2026, showcasing its commitment to enhancing brand visibility and investor relations.
- Financing Initiative Launched: The company announced a $700 million senior notes offering aimed at funding future expansions and investments, further strengthening its competitive position in the hospitality industry.
See More
RYMAN HOSPITALITY REPORTS Q1 NET INCOME OF $69.402 MILLION
- Financial Performance: Ryman Hospitality reported a net income of USD 69.4 million for Q1.
- Business Overview: The company continues to focus on its hospitality and entertainment sectors, contributing to its financial growth.
See More
RYMAN HOSPITALITY REPORTS Q1 ADJUSTED FFO OF USD 156.078 MILLION
- Financial Overview: The adjusted financial figure for the hospital is reported at $156.078 million.
- Context of Adjustment: This adjustment reflects changes in the hospital's financial status or operational costs.
See More
