Ryman Hospitality Properties Reports Record Q3 Revenue of $655.8 Million

What happened

Ryman Hospitality Properties reported record third-quarter 2026 revenue of $655.8 million and net income of $39.7 million, with diluted earnings per share of $0.58. The company also raised its full-year 2026 outlook, including an Adjusted EBITDAre midpoint of $933.5 million.

Confirmed

Global impact / market context

Higher revenue and a raised outlook mean the hotel and meetings business expects stronger cash flow ahead. Investors in RHP shares care because Adjusted FFO, which means cash generated per share, guides how much the company can pay out or reinvest.

Analyst inference

The quarter shows demand from group meetings holding up, with same-store room revenue up. Acquiring the Grande Lakes Orlando Resort adds rooms and meeting space, so future results will depend on filling those rooms and covering the added operating costs.

Analyst inference

What to watch

1. The company booked 653,958 gross definite same-store room nights for future periods at an estimated average daily rate of about $293, so watch how much of that future group business actually converts into revenue. Confirmed
2. Watch whether management updates its 2026 guidance midpoint for Adjusted EBITDAre of $933.5 million, a profit measure that excludes certain costs, as the newly acquired resort contributes. Proposed
3. Watch whether same-store room revenue growth of 7.9% holds as the Gaylord Texan renovation reopens rooms, since added capacity raises costs and needs matching demand. Analyst inference

Evidence

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