Ryman Hospitality Properties, Inc. (NYSE:RHP) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET
Company Participants
Jennifer Hutcheson - CFO
Colin Reed - Executive Chairman
Mark Fioravanti - President and CEO
Patrick Chaffin - CO
Conference Call Participants
Dori Kesten - Wells Fargo
Bill Crow - Raymond James
Patrick Scholes - Truist Securities
Smedes Rose - Citi
Chris Woronka - Deutsche Bank
Jay Kornreich - SMBC
Dany Asad - Bank of America
Operator
Welcome to Ryman Hospitality Properties Fourth Quarter 2022 Earnings Conference Call. Hosting the call today from Ryman Hospitality Properties are Mr. Colin Reed, Executive Chairman; Mr. Mark Fioravanti, President and Chief Executive Officer; Ms. Jennifer Hutcheson, Chief Financial Officer; and Mr. Patrick Chaffin, Chief Operating Officer.
This call will be available for digital replay. The number is (800) 839-9881 with no conference ID required. [Operator Instructions]
It is now my pleasure to turn the floor over to Ms. Jennifer Hutcheson. Ma'am, you may begin.
Jennifer Hutcheson
Good morning. Thank you for joining us today. This call may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements about the company's expected financial performance. Any statements we make today that are not statements of historical facts may be deemed to be forward-looking statements. Words such as believes or expects are intended to identify these statements, which may be affected by many factors, including those listed in the company's SEC filings and in today's release.
The company's actual results may differ materially from the results we discuss or project today. We will not update any forward-looking statements, whether as a result of new information, future events or any other reason. We will also discuss non-GAAP financial metrics today. We reconcile each non-GAAP measure to the most comparable GAAP measure in exhibit to today's release.
I will now turn the call over to Colin.
Colin Reed
Thank you, Jen, and good morning, everyone.
Well, the fourth quarter was an appropriate exclamation point to close out an extraordinary year for our company. I don't think in all of my years in this industry, I've seen anything like the last 12 months, going from just under 33 points of occupancy and $1.85 of total RevPAR in January of '22 during the worst of the Omicron wave and yet ending the year in December with just over 73 points of occupancy and a whopping $612 of total RevPAR.