Ryman Hospitality Lifts 2026 Guidance, Sees World Cup ADR Gain
Ryman Hospitality raised its full-year 2026 guidance after Q1 results surpassed expectations, driven by strong group bookings, lower attrition and flat cancellations. The Dallas property saw a marginal ADR boost from the World Cup, and management warns of 2027–28 pacing challenges from inventory shifts and macro headwinds.
1. Strong Q1 Performance
Ryman Hospitality reported Q1 results exceeding expectations, driven by robust group bookings and improved corporate mix. Attrition declined year-over-year in February and March, while cancellation rates remained flat and leading indicators showed resilience.
2. Full-Year 2026 Guidance Raised
Management raised its full-year 2026 guidance after noting strong momentum in group bookings and resilient leisure trends. Improved attrition metrics and continued strength in corporate bookings underpinned the decision.
3. Dallas Property World Cup Lift
The Dallas property received a marginal boost to average daily rate (ADR) thanks to the FIFA World Cup, complementing an already substantial group room night book. This event is expected to trend room rates higher without significant cancellations.
4. Future Outlook and Risks
Looking ahead, the company cautions that 2027–28 group pace could face challenges due to inventory management shifts favoring premium corporate groups. Potential macroeconomic headwinds, including oil price volatility and higher gas costs, pose risks to leisure demand, while a new Indianapolis development partnership could drive future growth.