Ryman Hospitality Properties(NYSE) RHP

Ryman Hospitality Properties hosts large business meetings at its resort hotels. It also owns national country music venues and radio stations. These spaces help groups gather for work and entertainment.

Where Meetings and Music Meet

• Food and Beverage: Banquet and dining services for meeting groups; represents 41.4% of revenue in the six months ended June 30, 2026.
• Rooms: Lodging for group meetings and leisure travelers; represents 32.3% of revenue in the six months ended June 30, 2026.
• Entertainment: Country music venues like the Grand Ole Opry and Ryman Auditorium; represents 15.8% of revenue in the six months ended June 30, 2026.
• Other Hotel Revenue: Services including spa, retail, and parking at resort properties; represents 10.5% of revenue in the six months ended June 30, 2026.

Recent Strategic Moves

• Purchased the JW Marriott Desert Ridge in June 2025 for $862 million.
• Opened the Category 10 venue in Nashville during November 2024.
• Sold a minority interest in the entertainment division to Atairos and NBCUniversal in 2022.
• Began managing the Ascend Amphitheater and CCNB Amphitheatre in early 2026.

Scale and Unique Assets

Ryman owns five of the 10 largest nongaming convention hotels in the United States. Its properties provide self-contained environments that combine large meeting spaces, lodging, and entertainment.

Revenues and Net Income Growth

• Total revenues reached $1.4 billion for the six months ended June 30, 2026, up 13.4% year over year.
• Net income for common stockholders reached $163.2 million in the six months ended June 30, 2026, up 21.2% year over year.
• Hospitality operating income was $298.7 million in the six months ended June 30, 2026, up 22.6% year over year.
• Cash flows from operating activities reached $321.9 million for the six-month period ended June 30, 2026.

Bottom Line

Ryman has evolved from a general hotel owner into a specialized REIT focused on convention resorts and country music entertainment. This dual-segment strategy combines steady lodging income with a growing portfolio of media and music-themed venues.