Ryman Hospitality Properties, Inc. (NYSE:RHP) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET
Company Participants
Colin Reed - Chairman, CEO
Jennifer Hutcheson - CFO
Mark Fioravanti - President
Patrick Chaffin - COO
Conference Call Participants
Dori Kesten - Wells Fargo
Smedes Rose - Citi
Jay Kornreich - SMBC
Bill Crows - Raymond James
Chris Woronka - Deutsche Bank
Operator
Welcome to Ryman Hospitality Properties Second Quarter 2022 Earnings Conference Call. Hosting the call today for Ryman Hospitality Properties are Mr. Colin Reed, Chairman and Chief Executive Officer; Mr. Mark Fioravanti, President; Ms. Jennifer Hutcheson, Chief Financial Officer; Mr. Patrick Chaffin, Chief Operating Officer. This call will be available for digital replay. The number is 800 839-1246 with no conference ID required. At this time, all participants have been placed on a listen-only mode.
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 measures today. We reconcile each non-GAAP measure to the most comparable GAAP measure in exhibit to today's release.
I'll now turn the call over to Colin
Colin Reed
Thank you, Jen and good morning, everyone. The second quarter was another remarkable quarter for our company and the hospitality business in particular. The momentum we generated in our hospitality business during the first quarter has rebounded from the low point of the Omicron wave in January, carry through to several new record performances in the second quarter. And we did some of these in absence for you. Second quarter was our best quarter ever in the history of the Gaylord brand for trend in ADR. At 283, this was an increase of 31% over the second quarter of both '19 and '21. The second quarter was also a record all-time for us for both total revenue and total adjusted EBITDAre for our hospitality segment.