Ryman Hospitality Properties posts $53.8 million profit in Q1

05/8/2013 | American City Business Journals

Ryman Hospitality Properties says earnings during the first quarter rose 700% from the previous year, to $53.8 million, amid gains in group and transient bookings. Total revenue was $222.1 million, down from $238.9 million in the previous year. "Despite an unusual confluence of events during the quarter that adversely impacted the group sector, including government related attrition and cancellations, the timing of the Easter holiday and negative group mix shift year-over-year, we are seeing encouraging signs that the benefits of the Marriott affiliation are beginning to emerge," said CEO Colin Reed.

View Full Article in:

American City Business Journals

Published in Brief: