Ryman Hospitality Properties, Inc. (NYSE:RHP) Q1 2022 Earnings Conference Call May 3, 2022 9:00 AM ET

Company Participants

Jennifer Hutcheson - Chief Financial Officer

Colin Reed - Chairman & Chief Executive Officer

Mark Fioravanti - President

Patrick Chaffin - Chief Operating Officer

Conference Call Participants

Shaun Kelley - Bank of America Merrill Lynch

Bill Crow - Raymond James

Smedes Rose - Citi

Dori Kesten - Wells Fargo

Chris Woronka - Deutsche Bank

Jay Kornreich - SMBC

Operator

Welcome to Ryman Hospitality Properties First Quarter 2022 Earnings Conference Call. Hosting the call today from 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; and Mr. Scott Bailey, President Opry Entertainment Group. This call will be available for digital replay. The number is 800 925-9951 with no conference ID required. At this time, all participants have been placed on 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 all 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 first quarter of 2022 was one of the most remarkable quarters I've witnessed in this business and I've been in it a long time. The rate of change from week-to-week and month-to-month, as the Omicron variant receded and the group demand resurged was unlike any other trajectory I've seen except perhaps for the earliest days of the pandemic when the trajectory was essentially reversed.