NYSE: RHP Ryman Hospitality Properties, Inc. 8-K

Ryman Hospitality reports record Q2 revenue of $749M, raises full-year guidance

Filed August 7, 2026 · Period ending August 6, 2026 · ~2 min read

Key Changes

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Q2 consolidated revenue hit all-time quarterly record of $749.0M, up 13.6% year-over-year, driven by record same-store Hospitality revenue of $544.3M and Entertainment segment record of $144.0M.

Exhibit 99.1 view on EDGAR →
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Same-store Hospitality RevPAR reached all-time quarterly record of ~$202 (up 5.2% YoY) and Total RevPAR hit record Q2 of ~$524 (up 6.5%), with ADR up 6.9% to $277.19 despite occupancy down 1.2 points to 72.8%.

Exhibit 99.1 view on EDGAR →
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Raised full-year 2026 guidance: same-store Hospitality RevPAR growth midpoint increased from 3.00% to 4.00%, consolidated Adjusted EBITDAre midpoint from $883.0M to $894.0M, and Adjusted FFO per share/unit from $8.96 to $9.13.

Exhibit 99.1 view on EDGAR →
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Booked over 768,000 same-store Hospitality Gross Definite Room Nights in Q2 for all future periods at estimated ADR of ~$310, up 8.6% versus prior year quarter and an all-time quarterly record.

Exhibit 99.1 view on EDGAR →
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Entertainment segment delivered all-time quarterly record Adjusted EBITDAre of $43.9M (up 29.5% YoY) on revenue of $144.0M, with margin expansion of 6.8 points to 30.5%.

Exhibit 99.1 view on EDGAR →

Summary

Ryman Hospitality delivered a strong second quarter, posting all-time quarterly record consolidated revenue of $749.0 million—up 13.6% year-over-year—and raising full-year 2026 guidance across key metrics.

The same-store Hospitality portfolio (excluding the JW Marriott Desert Ridge acquired in June 2025) achieved record Q2 revenue of $544.3 million, with RevPAR hitting an all-time quarterly high of approximately $202 (up 5.2%) and Total RevPAR reaching a record Q2 of approximately $524 (up 6.5%).

ADR climbed 6.9% to $277.19, more than offsetting a 1.2-point occupancy decline to 72.8%, and banquet/AV revenue per group room night rose 12.9%, underscoring the company's premium group customer strategy. The Entertainment segment posted an all-time quarterly record Adjusted EBITDAre of $43.9 million (up 29.5%) on revenue of $144.0 million, driven by a successful festivals season and strong venue demand. Management raised the full-year 2026 outlook, lifting the midpoint for same-store Hospitality RevPAR growth from 3.00% to 4.00%, consolidated Adjusted EBITDAre from $883.0 million to $894.0 million, and Adjusted FFO per share/unit from $8.96 to $9.13, citing stronger-than-expected Q2 results and a more constructive view on second-half group trends. Future bookings remain robust: the company booked over 768,000 same-store Gross Definite Room Nights in Q2 at an estimated ADR of approximately $310—an 8.6% increase versus the prior year quarter and an all-time quarterly record—reinforcing confidence in sustained group demand. Capital expenditure guidance increased from $350–$450 million to $400–$500 million, reflecting timing shifts and acceleration of spending previously expected in 2027.

Section-by-Section Diff

Event · Item 2.02 — Results of Operations and Financial Condition

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Ryman Hospitality announced Q2 2026 financial results and revised full-year 2026 guidance.

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Added Q2 2026 earnings release high

Added in current filing · verify on EDGAR →

On August 6, 2026, Ryman Hospitality Properties, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026 and revising guidance for certain financial measures for 2026.

The company disclosed second quarter 2026 financial results and updated its full-year 2026 guidance for certain financial measures. The specific financial results and revised guidance figures are contained in the press release attached as Exhibit 99.1, which is not included in the provided 8-K body text.

Event · Exhibit 99.1

~21,200 words View exhibit on EDGAR ↗

Ryman Hospitality reports record Q2 2026 revenue of $749.0M, raises full-year guidance on strong Hospitality performance and group bookings.

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Added Q2 2026 earnings high

Added in current filing · view on EDGAR →

The Company reported all-time quarterly record consolidated revenue of $749.0 million, driven by record second quarter same-store Hospitality(1) segment revenue of $544.3 million and all-time quarterly record Entertainment segment revenue of $144.0 million.

Ryman Hospitality achieved record quarterly consolidated revenue of $749.0 million in Q2 2026, up 13.6% year-over-year from $659.5 million. The same-store Hospitality segment (excluding JW Marriott Desert Ridge acquired June 2025) generated record Q2 revenue of $544.3 million, while the Entertainment segment posted an all-time quarterly record of $144.0 million. Consolidated net income was $102.1 million and Adjusted EBITDAre reached $258.3 million.

Added Same-store Hospitality metrics high

Added in current filing · view on EDGAR →

The same-store Hospitality portfolio generated all-time quarterly record RevPAR of approximately $202 in the second quarter, an increase of 5.2% from the prior year quarter, and record second quarter Total RevPAR of approximately $524, an increase of 6.5% from the prior year quarter.

The same-store Hospitality portfolio (excluding JW Marriott Desert Ridge) delivered all-time quarterly record RevPAR of approximately $202, up 5.2% year-over-year, and record second quarter Total RevPAR of approximately $524, up 6.5%. Average Daily Rate (ADR) increased 6.9% to $277.19, while occupancy declined 1.2 percentage points to 72.8%. Second quarter same-store banquet and AV revenue contribution per group room night increased 12.9% year-over-year, reflecting the company's premium group customer strategy.

Added 2026 guidance raised high

Added in current filing · view on EDGAR →

The Company is raising its full year outlook due to strong second quarter performance for the Hospitality portfolio and a modest increase in its expectations for the same-store Hospitality business for the second half of 2026.

Ryman raised its full-year 2026 guidance, increasing the midpoint for same-store Hospitality RevPAR growth from 3.00% to 4.00%, same-store Hospitality Total RevPAR growth from 3.00% to 4.00%, consolidated Adjusted EBITDAre from $883.0 million to $894.0 million, and Adjusted FFO per diluted share/unit from $8.96 to $9.13. The increase reflects stronger-than-expected Q2 results and a more constructive view on second-half group business trends. Capital expenditure guidance also increased from $350–$450 million to $400–$500 million, reflecting timing shifts and acceleration of spending previously expected in 2027.

Added Entertainment segment record medium

Added in current filing · view on EDGAR →

Our Entertainment business delivered record quarterly Adjusted EBITDAre driven by a successful festivals season and continued strong demand for our artist-centered venues.

The Entertainment segment generated all-time quarterly record revenue of $144.0 million (up 0.5% year-over-year) and record quarterly Adjusted EBITDAre of $43.9 million (up 29.5% from $33.9 million in Q2 2025), driven by a successful festivals season and strong demand for artist-centered venues. Operating income margin expanded 6.1 percentage points to 22.5%, and Adjusted EBITDAre margin expanded 6.8 percentage points to 30.5%.