Equity Profile

RHP

Ryman Hospitality Properties, Inc.

Real EstateHotel & Resort REITs$7.5B

Aug3Mon

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Ryman Hospitality Properties, Inc. (RHP) is a real estate investment trust (REIT) that focuses on owning and managing hotels and resorts....

Key Metrics to Watch

Occupancy Rate

This metric indicates how well RHP is filling its hotel rooms, which directly impacts revenue.

75%

Average Daily Rate (ADR)

ADR reflects the average revenue earned per occupied room, crucial for understanding pricing power.

$200

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RHP Q2-2026 Earnings Preview

Context

Company Snapshot

Ryman Hospitality Properties, Inc. (RHP) is a real estate investment trust (REIT) that focuses on owning and managing hotels and resorts. With a market cap of $7 billion, the company plays a significant role in the hospitality sector, benefiting from trends in travel and tourism as consumer spending rebounds post-pandemic.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.22%

Avg Stock Reaction

+0.16%

Last Quarter Recap

In Q1-2026, RHP reported an EPS of $2.14, exceeding expectations by 6.36%. The stock reacted positively, gaining 1.42% the following day.

Management Promises & Guidance

Focus on improving occupancy rates as travel demand increases.
Commitment to enhancing guest experiences to drive repeat business.
Plans to expand marketing efforts to attract more leisure travelers.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about RHP's upcoming earnings, particularly given the recent positive surprise in Q1-2026.

Bull Case

If RHP reports strong occupancy rates and higher ADR, it could signal a robust recovery in the hospitality sector, leading to significant stock price appreciation.

Bear Case

Conversely, if occupancy rates fall short of expectations or if there are signs of weakening demand, it could lead to a negative reaction from investors.

Key Metrics to Watch

Occupancy Rate

75%

This metric indicates how well RHP is filling its hotel rooms, which directly impacts revenue.

Average Daily Rate (ADR)

$200

ADR reflects the average revenue earned per occupied room, crucial for understanding pricing power.

Revenue Per Available Room (RevPAR)

$150

RevPAR combines occupancy and ADR, providing a comprehensive view of hotel performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the occupancy rate be for Q2-2026?

Occupancy rates are a key indicator of demand and can significantly influence revenue and profitability.

How has RHP adjusted its pricing strategy in response to market conditions?

Understanding pricing strategies will provide insights into RHP's ability to maintain margins amid competitive pressures.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of increased leisure travel on RHP's occupancy rates, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Recent trends show a surge in travel bookings, particularly in leisure segments.

RHP's focus on enhancing guest experiences could drive repeat business and higher occupancy.

Historical data suggests that RHP has a strong track record of outperforming expectations during peak travel seasons.

Key Risk

If occupancy rates come in below 75%, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around RHP's ability to capitalize on the recovering travel market and maintain profitability.

Bull Confirmed If

Occupancy rates exceeding 80% would confirm a strong recovery and support a bullish outlook.

Bear Confirmed If

Occupancy rates falling below 70% would indicate weaker demand and support a bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±14.03%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±14.0% while RHP has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

23.8%

Calls (0)P/C Ratio: 2.00Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

This setup has occurred 30 times across Real Estate in the last 2 years. 19 of 30 (63%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 2.7%, with a raw directional average of +1.0% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If RHP beats expectations, history suggests a potential stock increase of around 0.13%, confirming a positive trend in the hospitality sector.

In-Line / Cautious

An in-line result with cautious commentary could lead to a muted reaction, as investors weigh future guidance.

Miss

If RHP misses expectations, history suggests a potential decline of around 0.18%, reflecting concerns about demand.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and how they compare to pre-pandemic levels.
2Any changes to pricing strategies in response to market conditions.
3Insights into customer demographics and trends in travel behavior.
4Management's outlook on future travel demand and potential challenges.
5Details on any new marketing initiatives aimed at boosting bookings.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Ryman Hospitality Properties, Inc. (RHP) is a real estate investment trust (REIT) that focuses on owning and managing hotels and resorts....

Key Metrics to Watch

Occupancy Rate

This metric indicates how well RHP is filling its hotel rooms, which directly impacts revenue.

75%

Average Daily Rate (ADR)

ADR reflects the average revenue earned per occupied room, crucial for understanding pricing power.

$200

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

RHP Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+1.22%

Avg Stock Reaction

+0.16%

Last Quarter Recap

In Q1-2026, RHP reported an EPS of $2.14, exceeding expectations by 6.36%. The stock reacted positively, gaining 1.42% the following day.

Management Promises & Guidance

Focus on improving occupancy rates as travel demand increases.
Commitment to enhancing guest experiences to drive repeat business.
Plans to expand marketing efforts to attract more leisure travelers.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about RHP's upcoming earnings, particularly given the recent positive surprise in Q1-2026.

Bull Case

If RHP reports strong occupancy rates and higher ADR, it could signal a robust recovery in the hospitality sector, leading to significant stock price appreciation.

Bear Case

Conversely, if occupancy rates fall short of expectations or if there are signs of weakening demand, it could lead to a negative reaction from investors.

Key Metrics to Watch

Occupancy Rate

75%

This metric indicates how well RHP is filling its hotel rooms, which directly impacts revenue.

Average Daily Rate (ADR)

$200

ADR reflects the average revenue earned per occupied room, crucial for understanding pricing power.

Revenue Per Available Room (RevPAR)

$150

RevPAR combines occupancy and ADR, providing a comprehensive view of hotel performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the occupancy rate be for Q2-2026?

Occupancy rates are a key indicator of demand and can significantly influence revenue and profitability.

How has RHP adjusted its pricing strategy in response to market conditions?

Understanding pricing strategies will provide insights into RHP's ability to maintain margins amid competitive pressures.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of increased leisure travel on RHP's occupancy rates, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

Recent trends show a surge in travel bookings, particularly in leisure segments.

RHP's focus on enhancing guest experiences could drive repeat business and higher occupancy.

Historical data suggests that RHP has a strong track record of outperforming expectations during peak travel seasons.

Key Risk

If occupancy rates come in below 75%, it could challenge the optimistic outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around RHP's ability to capitalize on the recovering travel market and maintain profitability.

Bull Confirmed If

Occupancy rates exceeding 80% would confirm a strong recovery and support a bullish outlook.

Bear Confirmed If

Occupancy rates falling below 70% would indicate weaker demand and support a bearish outlook.

Pre-Earnings Positioning

Options Market

Implied Move

±14.03%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±14.0% while RHP has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

23.8%

Calls (0)P/C Ratio: 2.00Puts (100)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Real Estate

n=30

Fade rate: 11 of 30 (37%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If RHP beats expectations, history suggests a potential stock increase of around 0.13%, confirming a positive trend in the hospitality sector.

In-Line / Cautious

An in-line result with cautious commentary could lead to a muted reaction, as investors weigh future guidance.

Miss

If RHP misses expectations, history suggests a potential decline of around 0.18%, reflecting concerns about demand.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

2 buys·0 sells

Members

House only

Est. Notional

$2,002.00–$30,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on occupancy rates and how they compare to pre-pandemic levels.
2Any changes to pricing strategies in response to market conditions.
3Insights into customer demographics and trends in travel behavior.
4Management's outlook on future travel demand and potential challenges.
5Details on any new marketing initiatives aimed at boosting bookings.