Stock Track | Ryman Hospitality Properties Surges 7.11% on Record Q3 Performance and Growth Prospects

Stock Track2024-11-06

Ryman Hospitality Properties Inc. (RHP) witnessed a significant pre-market surge of 7.11% on November 6, 2024, driven by the company's impressive third-quarter 2024 earnings results and positive outlook for future growth.

The hospitality and entertainment company reported record third-quarter revenue of $550 million, up 4.1% year-over-year, fueled by strong performances in both its hospitality and entertainment segments. Consolidated adjusted EBITDA reached $175 million, reflecting a 2.3% increase compared to the previous year, highlighting the company's robust profitability.

Ryman Hospitality Properties demonstrated pricing power and strong demand, as evidenced by a 6.2% year-over-year increase in average daily rates (ADR), reaching a record $245 for the third quarter. The company's same-store hospitality segment achieved year-over-year RevPAR growth of 2.1% and total RevPAR growth of 4.2%.

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(RHP) witnessed a significant pre-market surge of 7.11% on November 6, 2024, driven by the company's impressive third-quarter 2024 earnings results and positive ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RHP","symbol_name":"Ryman Hospitality Properties","start_time":0,"source_url":"","article_id":"1137385457","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137385457","pubTimestamp":1730902711,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Ryman Hospitality Properties Inc.  witnessed a significant pre-market surge of 7.11% on November 6, 2024, driven by the company's impressive third-quarter 2024 earnings results and positive outlook for future growth.The hospitality and entertainment company reported record third-quarter revenue of $550 million, up 4.1% year-over-year, fueled by strong performances in both its hospitality and entertainment segments. 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