Ryman Hospitality Properties, Inc. reports news as a lodging and hospitality real estate investment trust focused on group-oriented destination hotel assets, upscale convention center resorts, and entertainment experiences. Its updates commonly cover Hospitality segment performance, resort operating metrics, bookings for future room nights, RevPAR and Total RevPAR, and results from properties associated with the Gaylord Hotels and JW Marriott brands.
RHP news also includes dividend declarations, earnings calls, investor presentations, credit facility activity, senior unsecured notes, and developments tied to Opry Entertainment Group and other entertainment assets. Coverage reflects the company’s REIT structure, capital markets activity, and recurring disclosures around its hospitality and entertainment segments.
Ryman Hospitality Properties (NYSE: RHP) presented at the Raymond James & Associates 44th Annual Institutional Investors Conference on March 6, 2023, at 10:25 a.m. ET. The investor presentation is available on the company’s website, emphasizing RHP’s focus on upscale convention center resorts and entertainment experiences. RHP operates five of the top ten largest non-gaming convention center hotels in the U.S., totaling 10,412 rooms and over 2.8 million square feet of meeting space. The company also holds a 70% ownership in Opry Entertainment Group, featuring iconic country music brands.
Ryman Hospitality Properties (NYSE: RHP) reported strong financial results for Q4 2022, with net income of $61.4 million, marking a 28.4% increase from Q3 2022. The hospitality segment achieved record revenues of $484.5 million, driven by robust leisure travel and programming. Total RevPAR reached nearly $506, a 49.9% increase compared to Q4 2021. For the full year, the company recorded consolidated revenue of $1.8 billion and net income of $129 million, reversing a previous loss. The company plans to pay a quarterly dividend of $0.75 per share in Q1 2023 and has also set a minimum dividend target of $3.00 for the year.
Ryman Hospitality Properties (NYSE: RHP) will present at the 2023 Citi Global Property CEO Conference on March 7, 2023, at 9:15 a.m. ET. The presentation, featuring executive chairman Colin Reed and CEO Mark Fioravanti, will be led by a Citi research analyst. Investors can access the live webcast on Ryman's website and are encouraged to register 15 minutes prior to the start. A replay will be available for one year following the event. Ryman Hospitality, known for its upscale convention resorts and country music entertainment, operates several major properties including Gaylord Opryland Resort.
Tractor Supply Company (NASDAQ: TSCO) has launched its inaugural Emerging Artists Program to support new country music talent. The initiative invites artists to submit original songs inspired by the 'Life Out Here' lifestyle until March 15. Selected artists will receive mentorship from notable musicians including Lainey Wilson and Ashley McBryde, culminating in a Nashville studio recording session and live performances during the country music industry's biggest events in June. This program not only showcases Tractor Supply's commitment to community engagement but also strengthens its ties to rural America, providing a platform for emerging artists to flourish.
Ryman Hospitality Properties (NYSE: RHP) is scheduled to present at the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023, at 10:25 a.m. ET. Jennifer Hutcheson, CFO, will outline the Company's financial performance and strategic initiatives, while Ray Keeler, VP of finance, will also attend. The presentation will be available via webcast on Ryman's website, with a replay accessible for 90 days post-event. Ryman specializes in upscale lodging and convention center resorts, including key properties like Gaylord Opryland and Gaylord Palms, and holds a 70% interest in Opry Entertainment Group, enhancing its presence in country music entertainment.
Ryman Hospitality Properties announced the 2022 tax classification of its dividend distributions for shareholders. Two notable payments include a $0.10 dividend paid on October 17, 2022, and a $0.25 dividend paid on January 17, 2023, totaling $0.35 for the year. The tax classifications indicate that $0.283418 is ordinary non-qualifying dividends, while $0.066582 represents long-term capital gains. Shareholders are advised to consult with tax advisors for specific treatments as this information is preliminary and subject to changes upon further filings.
Ryman Hospitality Properties (NYSE: RHP) will announce its fourth quarter 2022 earnings on February 23, 2023, after market close. A conference call is scheduled for February 24, 2023, at 10:00 a.m. ET for the management to discuss the results. Investors can access the call via dial-in or through a webcast on the company's Investor Relations website. Ryman specializes in upscale convention center resorts and country music entertainment, operating five of the largest non-gaming convention center hotels in the U.S. and owning a significant interest in Opry Entertainment Group.
Ryman Hospitality Properties (NYSE: RHP) provided a business update for Q4 2022, highlighting strong performance in its Hospitality segment. CEO Colin Reed noted record Average Daily Rates (ADR) and significant increases in Revenue per Available Room (RevPAR) driven by robust holiday programming, including ICE!. For October and November, total occupancy reached 74.1% and 71.1%, respectively, with ADR exceeding 2019 levels. The company anticipates setting a monthly revenue record for December, bolstered by leisure demand across the Gaylord Hotels brand.
Ryman Hospitality Properties (NYSE: RHP) announced a fourth quarter cash dividend of $0.25 per common share, set for payment on January 17, 2023, to stockholders who are on record as of December 30, 2022. This is an increase from the previous quarter's dividend of $0.10. CEO Colin Reed expressed confidence in the company's long-term growth trajectory, citing record quarterly revenue and profitability as factors in future dividend considerations.
Ryman Hospitality Properties (NYSE: RHP) reported impressive third quarter financial results for 2022, achieving a net income of $45.2 million ($0.79 per diluted share). Despite a dip in occupancy compared to 2019, the Company reached a record $390.6 million in Hospitality revenue, driven by strong leisure demand, with average daily rates rising 14.6% year-over-year. The Company reinstated a quarterly cash dividend of $0.10. Looking ahead, RHP increased its full-year guidance, reflecting confidence in continued momentum in leisure and group travel.