Ryman Hospitality Properties, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Record Q3 consolidated revenue reached $655.8 million, up 10.7% year over year
- ➤Q3 Adjusted EBITDAre reached $191.8 million, up 10.8% year over year
- ➤2026 full-year outlook raised on strong Hospitality and holiday leisure demand
- ➤Grande Lakes Orlando acquisition added a 1,592-room resort on September 1, 2026
- ➤653,958 gross definite room nights booked at approximately $293 ADR, a third quarter record
Expert Statements
Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties
“We delivered another strong quarter with consolidated revenue and Adjusted EBITDAre ahead of our expectations driven by strong group and leisure trends in our same-store Hospitality business. Our premium group strategy continues to produce attractive results as higher meeting attendance and increased catering and audio visual spending drove performance in the quarter. Looking ahead, same-store group rooms revenue pace for 2027 and 2028 improved sequentially during the quarter, further supporting our view that we remain well positioned for continued growth in 2027.”
Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties
“Our Entertainment business delivered results in line with our expectations in a seasonally light quarter. Customer spending across our venues remained healthy and our recent investments in artist-centered venues and amphitheaters continued to perform well. In mid-October, Category 10 Las Vegas opened to a strong reception, exceeding our expectations. We believe the strength of these brands and venues, together with the opportunities in our development pipeline, provides an attractive foundation for OEG’s continued growth.”
NASHVILLE, Tenn., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a leading lodging real estate investment trust (“REIT”) specializing in group-oriented, upscale convention center resorts and entertainment experiences, today reported financial results for the three and nine months ended September 30, 2026.
Third Quarter 2026 Highlights and Recent Developments: * The Company reported record third quarter consolidated revenue of $655.8 million, driven by record third quarter same-store Hospitality((1) )segment revenue of $501.8 million and record third quarter Entertainment segment revenue of $93.0 million. * The Company generated consolidated net income of $39.7 million and consolidated Adjusted EBITDAre of $191.8 million. * During the quarter, the Company booked over 653,000 same-store Hospitality Gross Definite Room Nights for all future periods. The estimated average daily rate (ADR) for these bookings was approximately $293, a third quarter record. * The Company completed the acquisition of the 1,592-room Grande Lakes Orlando Resort (“Grande Lakes Orlando”) on September 1, 2026, adding a turnkey asset in the nation’s top meetings market((2)) and creating incremental group customer rotation opportunities. * The Company completed an underwritten public offering of approximately 5.9 million common shares at a price to the public of $117.00 per share and a private placement of $700 million of 6.250% senior unsecured notes due 2035, the net proceeds of which were used to fund the acquisition of Grande Lakes Orlando. * The Company is raising its full year outlook, reflecting strong third quarter performance in its same-store Hospitality portfolio and modestly higher expectations for holiday leisure room night demand in the fourth quarter. Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, “We delivered another strong quarter with consolidated revenue and Adjusted EBITDAre ahead of our expectations driven by strong group and leisure trends in our same-store Hospitality business. Our premium group strategy continues to produce attractive results as higher meeting attendance and increased catering and audio visual spending drove performance in the quarter. Looking ahead, same-store group rooms revenue pace for 2027 and 2028 improved sequentially during the quarter, further supporting our view that we remain well positioned for continued growth in 2027.”
Get started
Create a free account to read the full story.