Ryman Hospitality Properties ( (RHP) ) has released its Q4 earnings. Here is a breakdown of the information Ryman Hospitality Properties presented to its investors.
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Ryman Hospitality Properties, Inc., a leading lodging real estate investment trust, focuses on group-oriented destination hotel assets in urban and resort markets, primarily in the hospitality and entertainment sectors.
In its latest earnings report, Ryman Hospitality Properties announced record-breaking quarterly and full-year consolidated revenues for 2024, driven by its hospitality and entertainment segments. Despite encountering challenges in the fourth quarter due to decreased holiday leisure demand, the company achieved significant full-year financial growth.
Key financial highlights include an all-time quarterly record of $647.6 million in consolidated revenue, with hospitality and entertainment revenues also reaching new highs. The company reported a net income of $72.3 million for the fourth quarter and a consolidated Adjusted EBITDAre of $188.6 million. For the full year, Ryman generated $2.3 billion in revenue, with net income reaching $280.2 million and Adjusted EBITDAre at $757.7 million. The company also made strategic investments and completed several major renovations, enhancing its portfolio.
Looking ahead, Ryman Hospitality Properties remains optimistic, with a strategic focus on long-term asset positioning and capital deployment strategies. The company projects continued growth in group rooms revenue and aims to enhance its market position through ongoing renovations and expansions across its properties.
