Ryman Hospitality Properties (RHP) 10-Q1 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2024	Jul. 31, 2024
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-13079
Entity Registrant Name	RYMAN HOSPITALITY PROPERTIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	73-0664379
Entity Address, Address Line One	One Gaylord Drive
Entity Address, City or Town	Nashville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37214
City Area Code	615
Local Phone Number	316-6000
Title of 12(b) Security	Common stock, par value $.01
Trading Symbol	RHP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,900,031
Entity Central Index Key	0001040829
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS:
Property and equipment, net	$ 4,045,466	$ 3,955,586
Cash and cash equivalents - unrestricted	498,371	591,833
Cash and cash equivalents - restricted	51,908	108,608
Notes receivable, net	61,892	61,760
Trade receivables, net	127,281	110,029
Deferred income tax assets, net	71,023	81,624
Prepaid expenses and other assets	163,786	154,810
Intangible assets, net	120,231	124,287
Total assets	5,139,958	5,188,537
LIABILITIES AND EQUITY:
Debt and finance lease obligations	3,373,383	3,377,028
Accounts payable and accrued liabilities	406,245	464,720
Distributions payable	67,734	67,932
Deferred management rights proceeds	165,121	165,174
Operating lease liabilities	130,411	129,122
Other liabilities	68,140	66,658
Total liabilities	4,211,034	4,270,634
Commitments and contingencies
Noncontrolling interest in consolidated joint venture	362,603	345,126
Equity:
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 59,890 and 59,712 shares issued and outstanding, respectively	599	597
Additional paid-in capital	1,483,479	1,502,710
Treasury stock of 668 and 668 shares, at cost	(21,976)	(20,508)
Distributions in excess of retained earnings	(881,617)	(894,259)
Accumulated other comprehensive loss	(17,868)	(19,387)
Total stockholders' equity	562,617	569,153
Noncontrolling interest in Operating Partnership	3,704	3,624
Total equity	566,321	572,777
Total liabilities and equity	$ 5,139,958	$ 5,188,537

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Preferred Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	59,900,000	59,712,000
Common stock, shares outstanding (in shares)	59,900,000	59,712,000
Treasury Stock, Value [Abstract]
Treasury stock, shares (in shares)	681,000	668,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Total revenues	$ 613,290	$ 504,843	$ 1,141,635	$ 996,562
Operating expenses:
Total hotel operating expenses	316,649	267,306	625,704	542,800
Entertainment	59,560	57,088	112,147	108,522
Corporate	9,402	9,885	21,356	20,479
Preopening costs	1,055	67	2,491	257
Gain on sale of assets			(270)
Depreciation and amortization	58,553	48,257	115,755	96,614
Total operating expenses	445,219	382,603	877,183	768,672
Operating income	168,071	122,240	264,452	227,890
Interest expense	(56,577)	(49,179)	(117,020)	(91,707)
Interest income	7,064	5,318	14,586	7,865
Loss on extinguishment of debt	(1,797)	(2,252)	(2,319)	(2,252)
Income (loss) from unconsolidated joint ventures	183	(2,153)	215	(4,959)
Other gains and (losses), net	(4)	(287)	317	(523)
Income before income taxes	116,940	73,687	160,231	136,314
Provision for income taxes	(12,200)	(3,544)	(12,730)	(5,177)
Net income	104,740	70,143	147,501	131,137
Net income attributable to noncontrolling interest in consolidated joint venture	(3,270)	(3,134)	(2,691)	(2,371)
Net income attributable to noncontrolling interest in Operating Partnership	(665)	(466)	(949)	(903)
Net income available to common stockholders	$ 100,805	$ 66,543	$ 143,861	$ 127,863
Basic income per share available to common stockholders	$ 1.68	$ 1.18	$ 2.41	$ 2.29
Diluted income per share available to common stockholders	$ 1.65	$ 1.15	$ 2.31	$ 2.17
Rooms [Member]
Revenues:
Total revenues	$ 199,497	$ 168,492	$ 373,130	$ 329,743
Operating expenses:
Total hotel operating expenses	45,062	40,272	89,163	82,331
Food and Beverage [Member]
Revenues:
Total revenues	259,386	197,908	494,469	413,712
Operating expenses:
Total hotel operating expenses	132,369	107,026	260,548	222,207
Hotel, Other [Member]
Revenues:
Total revenues	60,204	51,285	112,958	98,669
Operating expenses:
Total hotel operating expenses	117,769	104,590	236,582	207,649
Management Service [Member]
Operating expenses:
Total hotel operating expenses	21,449	15,418	39,411	30,613
Entertainment Segment [Member]
Revenues:
Total revenues	$ 94,203	$ 87,158	$ 161,078	$ 154,438

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Comprehensive income, net of taxes	$ 104,851	$ 67,719	$ 149,020	$ 122,421
Comprehensive income, net of taxes, available to common stockholders	100,870	63,553	145,039	118,848
Consolidated Joint Venture [Member]
Comprehensive income, net of taxes, attributable to noncontrolling interest in consolidated joint venture	(3,315)	(3,712)	(3,022)	(2,727)
Operating Partnership [Member]
Comprehensive income, net of taxes, attributable to noncontrolling interest in Operating Partnership	$ (666)	$ (454)	$ (959)	$ (846)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net income	$ 147,501	$ 131,137
Amounts to reconcile net income to net cash flows provided by operating activities:
Provision for deferred income taxes	10,664	3,431
Depreciation and amortization	115,755	96,614
Amortization of deferred financing costs	5,348	5,307
(Income) loss from unconsolidated joint ventures	(215)	4,959
Stock-based compensation expense	7,245	7,540
Changes in:
Trade receivables	(17,253)	26,369
Accounts payable and accrued liabilities	(75,006)	(66,046)
Other assets and liabilities	(2,245)	6,191
Net cash flows provided by operating activities	191,794	215,502
Cash Flows from Investing Activities:
Purchases of property and equipment	(184,936)	(78,173)
Collection of notes receivable		2,143
Other investing activities, net	37	(10,004)
Net cash flows used in investing activities	(184,899)	(885,500)
Cash Flows from Financing Activities:
Issuance of senior notes	1,000,000	400,000
Deferred financing costs paid	(23,062)	(23,679)
Issuance of common stock, net		395,444
Payment of distributions	(133,430)	(55,746)
Payment of tax withholdings for share-based compensation	(12,106)	(4,180)
Other financing activities, net	(39)	(139)
Net cash flows provided by (used in) financing activities	(157,057)	839,577
Net change in cash, cash equivalents, and restricted cash	(150,162)	169,579
Cash, cash equivalents, and restricted cash, beginning of period	700,441	444,330
Cash, cash equivalents, and restricted cash, end of period	550,279	613,909
JW Marriott Hill Country [Member]
Cash Flows from Investing Activities:
Purchase, net of cash acquired		(791,466)
$500 Million Term Loan B [Member]
Cash Flows from Financing Activities:
Borrowings under term loan	18,861	500,000
Repayments under term loan	(220,849)	(376,250)
$300 Million OEG Term Loan [Member]
Cash Flows from Financing Activities:
Borrowings under term loan	299,250
Repayments under term loan	(296,250)	(1,500)
Block 21 CMBS Loan [Member]
Cash Flows from Financing Activities:
Repayments under loan	(1,432)	(1,373)
$800M Gaylord Rockies Term Loan [Member]
Cash Flows from Financing Activities:
Repayments under term loan	(800,000)
$80M OEG Revolver [Member]
Cash Flows from Financing Activities:
Borrowings under OEG revolving credit facility	39,000	7,000
Repayments under OEG revolving credit facility	$ (27,000)
Circle [Member]
Cash Flows from Investing Activities:
Investment in Circle		$ (8,000)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Reconciliation of cash, cash equivalents, and restricted cash to balance sheet:
Cash and cash equivalents - unrestricted	$ 498,371	$ 591,833	$ 508,344
Cash and cash equivalents - restricted	51,908	108,608	105,565
Cash, cash equivalents, and restricted cash, end of period	$ 550,279	$ 700,441	$ 613,909	$ 444,330

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTEREST - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interest In Joint Venture [Member]	Total
Beginning balance at Dec. 31, 2022	$ 552	$ 1,102,733	$ (18,467)	$ (978,619)	$ (10,923)	$ 95,276	$ 625		$ 95,901
Beginning balance at Dec. 31, 2022								$ 311,857
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				61,320		61,320	437
Net income (loss)									61,757
Net income (loss)								(763)
Adjustment of noncontrolling interest to redemption value		(8,659)				(8,659)		8,659	(8,659)
Other comprehensive income, net of income taxes					(6,292)	(6,292)			(6,292)
Dividends and distributions declared		106		(41,900)		(41,794)	(296)		(42,090)
Restricted stock units and stock options surrendered	1	(4,080)				(4,079)			(4,079)
Equity-based compensation expense		3,739				3,739			3,739
Ending balance at Mar. 31, 2023	553	1,093,839	(18,467)	(959,199)	(17,215)	99,511	766		100,277
Ending balance at Mar. 31, 2023								319,753
Beginning balance at Dec. 31, 2022	552	1,102,733	(18,467)	(978,619)	(10,923)	95,276	625		95,901
Beginning balance at Dec. 31, 2022								311,857
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)									127,863
Net income attributable to noncontrolling interest in Operating Partnership									(903)
Ending balance at Jun. 30, 2023	597	1,488,329	(18,467)	(952,941)	(19,639)	497,879	837		498,716
Ending balance at Jun. 30, 2023								327,649
Beginning balance at Mar. 31, 2023	553	1,093,839	(18,467)	(959,199)	(17,215)	99,511	766		100,277
Beginning balance at Mar. 31, 2023								319,753
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				66,543		66,543	466		66,543
Net income (loss)									67,009
Net income (loss)								3,134
Net income attributable to noncontrolling interest in Operating Partnership									(466)
Adjustment of noncontrolling interest to redemption value		(4,762)				(4,762)		4,762	(4,762)
Other comprehensive income, net of income taxes					(2,424)	(2,424)			(2,424)
Issuance of common stock, net	44	395,400				395,444			395,444
Dividends and distributions declared		154		(60,285)		(60,131)	(395)		(60,526)
Restricted stock units and stock options surrendered		(103)				(103)			(103)
Equity-based compensation expense		3,801				3,801			3,801
Ending balance at Jun. 30, 2023	597	1,488,329	(18,467)	(952,941)	(19,639)	497,879	837		498,716
Ending balance at Jun. 30, 2023								327,649
Beginning balance at Dec. 31, 2023	597	1,502,710	(20,508)	(894,259)	(19,387)	569,153	3,624		572,777
Beginning balance at Dec. 31, 2023								345,126	345,126
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				43,056		43,056	284
Net income (loss)									43,340
Net income (loss)								(579)
Adjustment of noncontrolling interest to redemption value		(9,318)				(9,318)		9,318	(9,318)
Other comprehensive income, net of income taxes					1,408	1,408			1,408
Dividends and distributions declared		161		(66,335)		(66,174)	(435)		(66,609)
Restricted stock units and stock options surrendered	2	(12,055)				(12,053)			(12,053)
Equity-based compensation expense		3,862				3,862			3,862
Ending balance at Mar. 31, 2024	599	1,485,360	(20,508)	(917,538)	(17,979)	529,934	3,473		533,407
Ending balance at Mar. 31, 2024								353,865
Beginning balance at Dec. 31, 2023	597	1,502,710	(20,508)	(894,259)	(19,387)	569,153	3,624		572,777
Beginning balance at Dec. 31, 2023								345,126	345,126
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)									143,861
Net income attributable to noncontrolling interest in Operating Partnership									(949)
Ending balance at Jun. 30, 2024	599	1,483,479	(21,976)	(881,617)	(17,868)	562,617	3,704		566,321
Ending balance at Jun. 30, 2024								362,603	362,603
Beginning balance at Mar. 31, 2024	599	1,485,360	(20,508)	(917,538)	(17,979)	529,934	3,473		533,407
Beginning balance at Mar. 31, 2024								353,865
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				100,805		100,805	665		100,805
Net income (loss)									101,470
Net income (loss)								3,270
Net income attributable to noncontrolling interest in Operating Partnership									(665)
Adjustment of noncontrolling interest to redemption value		(5,468)				(5,468)		5,468	(5,468)
Other comprehensive income, net of income taxes					111	111			111
Dividends and distributions declared		163	(1,468)	(64,884)		(66,189)	(434)		(66,623)
Restricted stock units and stock options surrendered		41				41			41
Equity-based compensation expense		3,383				3,383			3,383
Ending balance at Jun. 30, 2024	$ 599	$ 1,483,479	$ (21,976)	$ (881,617)	$ (17,868)	$ 562,617	$ 3,704		566,321
Ending balance at Jun. 30, 2024								$ 362,603	$ 362,603

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY AND NONCONTROLLING INTEREST (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) AND NONCONTROLLING INTEREST
Dividend amount for current period (in dollars per share)	$ 1.10	$ 1.10	$ 1	$ 0.75

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2024
BASIS OF PRESENTATION
Basis of Presentation	1. BASIS OF PRESENTATION: On January 1, 2013, Ryman Hospitality Properties, Inc. (“Ryman”) and its subsidiaries (collectively with Ryman, the “Company”) began operating as a real estate investment trust (“REIT”) for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company’s owned assets include a network of upscale, meetings-focused resorts that are managed by Marriott International, Inc. (“Marriott”) under the Gaylord Hotels brand. These five resorts, which the Company refers to as the Gaylord Hotels properties, consist of the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee (“Gaylord Opryland”), the Gaylord Palms Resort & Convention Center near Orlando, Florida (“Gaylord Palms”), the Gaylord Texan Resort & Convention Center near Dallas, Texas (“Gaylord Texan”), the Gaylord National Resort & Convention Center near Washington D.C. (“Gaylord National”), and the Gaylord Rockies Resort & Convention Center near Denver, Colorado (“Gaylord Rockies”). The Company’s other owned hotel assets managed by Marriott include the Inn at Opryland, an overflow hotel adjacent to Gaylord Opryland, the AC Hotel at National Harbor, Washington D.C. (“AC Hotel”), an overflow hotel adjacent to Gaylord National, and effective June 30, 2023, the JW Marriott San Antonio Hill Country Resort & Spa (“JW Marriott Hill Country”). The Company also owns a controlling 70% equity interest in OEG Attractions Holdings, LLC, a business comprised of a number of entertainment and media assets, known as the Opry Entertainment Group (“OEG”), which the Company reports as its Entertainment segment. These assets include the Grand Ole Opry, the legendary weekly showcase of country music’s finest performers; the Ryman Auditorium, the storied live music venue and former home of the Grand Ole Opry; WSM-AM, the Opry’s radio home; Ole Red, a brand of Blake Shelton-themed bar, music venue and event spaces; Category 10, a Luke Combs-themed bar, music venue and event space currently under construction; and Block 21, a mixed-use entertainment, lodging, office, and retail complex located in Austin, Texas (“Block 21”). The Company consolidates the assets, liabilities and results of operations of OEG in the accompanying condensed consolidated financial statements. The portion of OEG that the Company does not own is recorded as noncontrolling interest in consolidated joint venture, which is classified as mezzanine equity in the accompanying condensed consolidated balance sheets, and any adjustment necessary to reflect the noncontrolling interest at its redemption value is shown in the accompanying condensed consolidated statements of equity and noncontrolling interest. See Note 3, “Income Per Share,” for further disclosure. The condensed consolidated financial statements include the accounts of Ryman and its subsidiaries and have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted from this report pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. In the opinion of management, all adjustments necessary for a fair statement of the results of operations for the interim periods have been included. All adjustments are of a normal, recurring nature. The results of operations for such interim periods are not necessarily indicative of the results for the full year because of seasonal and short-term variations. The Company principally operates, through its subsidiaries and its property managers, as applicable, in the following business segments: Hospitality, Entertainment, and Corporate and Other. Newly Issued Accounting Standards In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, “ Improvements to Reportable Segment Disclosures retrospectively and will be effective for the Company for fiscal year 2024 and for interim periods beginning in fiscal year 2025. The Company is currently evaluating the impact of this ASU but does not anticipate this adoption to have a material impact on the Company’s financial statements. In December 2023, the FASB issued ASU No. 2023-09, “ Improvements to Income Tax Disclosures

REVENUES

REVENUES	6 Months Ended
REVENUES	Jun. 30, 2024
REVENUES
Revenues	2. REVENUES: The Company’s revenues disaggregated by major source are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Hotel group rooms $ 145,869 $ 120,334 $ 277,270 $ 240,847 Hotel transient rooms 53,628 48,158 95,860 88,896 Hotel food and beverage - banquets 190,201 138,662 365,651 299,161 Hotel food and beverage - outlets 69,185 59,246 128,818 114,551 Hotel other 60,204 51,285 112,958 98,669 Entertainment admissions/ticketing 34,356 34,103 56,922 56,259 Entertainment food and beverage 34,587 28,641 59,857 52,707 Entertainment retail and other 25,260 24,414 44,299 45,472 Total revenues $ 613,290 $ 504,843 $ 1,141,635 $ 996,562 The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Gaylord Opryland $ 130,352 $ 110,475 $ 234,187 $ 222,281 Gaylord Palms 68,799 73,829 154,262 158,375 Gaylord Texan 83,897 81,479 168,799 167,877 Gaylord National 88,369 77,014 156,643 149,786 Gaylord Rockies 76,836 67,127 140,658 131,174 JW Marriott Hill Country 62,850 — 112,791 — AC Hotel 4,107 3,401 6,929 5,612 Inn at Opryland and other 3,877 4,360 6,288 7,019 Total Hospitality segment revenues $ 519,087 $ 417,685 $ 980,557 $ 842,124 The majority of the Company’s Entertainment segment revenues are concentrated in Nashville, Tennessee; Austin, Texas; and Las Vegas, Nevada. The Company records deferred revenues when cash payments are received in advance of its performance obligations, primarily related to advanced deposits on hotel rooms and advanced ticketing at its OEG venues. At June 30, 2024 and December 31, 2023, the Company had $152.5 million and $159.8 million, respectively, in deferred revenues, which are included in accounts payable and accrued liabilities in the accompanying condensed consolidated balance sheets. Of the amount outstanding at December 31, 2023, approximately $104.7 million was recognized in revenue during the six months ended June 30, 2024.

INCOME PER SHARE

INCOME PER SHARE	6 Months Ended
INCOME PER SHARE	Jun. 30, 2024
INCOME PER SHARE
Income Per Share	3 . INCOME PER SHARE: The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Numerator: Net income available to common stockholders $ 100,805 $ 66,543 $ 143,861 $ 127,863 Net income attributable to noncontrolling interest in consolidated joint venture 3,270 3,134 2,691 2,371 Net income available to common stockholders - if-converted method $ 104,075 $ 69,677 $ 146,552 $ 130,234 Denominator: Weighted average shares outstanding - basic 59,895 56,329 59,817 55,759 Effect of dilutive stock-based compensation 206 232 314 256 Effect of dilutive put rights 3,122 3,928 3,315 3,958 Weighted average shares outstanding - diluted 63,223 60,489 63,446 59,973 Basic income per share available to common stockholders $ 1.68 $ 1.18 $ 2.41 $ 2.29 Diluted income per share available to common stockholders $ 1.65 $ 1.15 $ 2.31 $ 2.17 As more fully discussed in Note 1 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, although currently not exercisable, the minority investor of OEG has certain put rights (the “OEG Put Rights”) to require the Company to purchase the minority investor’s equity interest in OEG, which the Company may pay in cash or Company stock at the Company’s option. The Company calculated potential dilution for the OEG Put Rights based on the if-converted method, which assumes the OEG Put Rights were converted on the first day of the period or the date of issuance and the minority investor’s noncontrolling equity interest was redeemed in exchange for shares of the Company’s common stock. The operating partnership units (“OP Units”) held by the noncontrolling interest holders in RHP Hotel Properties, LP (the “Operating Partnership”) have been excluded from the denominator of the diluted income per share calculation for the three and six months ended June 30, 2024 and 2023 as there would be no effect on the calculation of diluted income per share because the income or loss attributable to the OP Units held by the noncontrolling interest holders would also be added or subtracted to derive net income available to common stockholders.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Jun. 30, 2024
EQUITY
Accumulated Other Comprehensive Loss	4. ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company’s balance in accumulated other comprehensive loss is comprised of amounts related to the Company’s frozen noncontributory defined benefit pension plan, interest rate derivatives designated as cash flow hedges related to the Company’s outstanding debt as discussed in Note 7, “Debt,” and amounts related to an other-than-temporary impairment of a held-to-maturity investment that existed prior to 2020 with respect to the notes receivable discussed in Note 6, “Notes Receivable,” to the condensed consolidated financial statements included herein. Changes in accumulated other comprehensive loss by component for the six months ended June 30, 2024 and 2023 consisted of the following (in thousands): Other-Than- Minimum Temporary Pension Impairment of Interest Rate Liability Investment Derivatives Total Balance, December 31, 2023 $ (15,187) $ (2,878) $ (1,322) $ (19,387) Gains arising during period — — 2,326 2,326 Amounts reclassified from accumulated other comprehensive loss (227) 106 (749) (870) Income tax benefit 63 — — 63 Net other comprehensive income (loss) (164) 106 1,577 1,519 Balance, June 30, 2024 $ (15,351) $ (2,772) $ 255 $ (17,868) Other-Than- Minimum Temporary Pension Impairment of Interest Rate Liability Investment Derivatives Total Balance, December 31, 2022 $ (18,021) $ (3,087) $ 10,185 $ (10,923) Gains arising during period — — 1,467 1,467 Amounts reclassified from accumulated other comprehensive loss (131) 104 (10,156) (10,183) Net other comprehensive income (loss) (131) 104 (8,689) (8,716) Balance, June 30, 2023 $ (18,152) $ (2,983) $ 1,496 $ (19,639)

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
PROPERTY AND EQUIPMENT	Jun. 30, 2024
PROPERTY AND EQUIPMENT
Property and Equipment	5. PROPERTY AND EQUIPMENT: Property and equipment at June 30, 2024 and December 31, 2023 is recorded at cost, with the exception of right-of-use finance lease assets and the initial value assigned to assets acquired in an acquisition, and summarized as follows (in thousands): June 30, December 31, 2024 2023 Land and land improvements $ 608,018 $ 605,500 Buildings 4,446,190 4,396,302 Furniture, fixtures and equipment 1,213,285 1,138,769 Right-of-use finance lease assets 1,097 1,793 Construction-in-progress 195,710 122,923 6,464,300 6,265,287 Accumulated depreciation and amortization (2,418,834) (2,309,701) Property and equipment, net $ 4,045,466 $ 3,955,586

NOTES RECEIVABLE

NOTES RECEIVABLE	6 Months Ended
NOTES RECEIVABLE	Jun. 30, 2024
NOTES RECEIVABLE
Notes Receivable	6. NOTES RECEIVABLE: As further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, in connection with the development of Gaylord National, the Company holds two issuances of governmental bonds (“Series A bond” and “Series B bond”) with a total carrying value and approximate fair value of $61.9 million and $61.8 million at June 30, 2024 and December 31, 2023, respectively, net of credit loss reserve of $38.0 million at each of June 30, 2024 and December 31, 2023. The Company receives debt service and principal payments thereon, payable from property tax increments, hotel taxes and special hotel rental taxes generated from Gaylord National through the maturity dates of July 1, 2034 and September 1, 2037, respectively. The Company records interest income over the life of the notes using the effective interest method. The Company has the intent and ability to hold these bonds to maturity. The Company’s quarterly assessment of credit losses considers the estimate of projected tax revenues that will service the bonds over their remaining terms. These tax revenue projections are updated each quarter to reflect updated industry projections as to future anticipated operations of the hotel. As a result of reduced tax revenue projections over the life of the bonds as well as certain cumulative priority payments due to others, the Series B bond is fully reserved. The Series A bond is of higher priority than other tranches which fall between the Company’s two issuances. During the three months ended June 30, 2024 and 2023, the Company recorded interest income of $1.2 million and $1.3 million, respectively, on these bonds. During the six months ended June 30, 2024 and 2023, the Company recorded interest income of $2.4 million and $2.5 million, respectively, on these bonds. The Company received payments of $2.4 million and $4.7 million during the six months ended June 30, 2024 and 2023, respectively, relating to these bonds. Before consideration of the credit loss reserve, accrued interest receivable included as a component of the carrying value of notes receivable is $41.1 million and $41.0 million at June 30, 2024 and December 31, 2023, respectively.

DEBT

DEBT	6 Months Ended
DEBT	Jun. 30, 2024
DEBT
Debt	7. DEBT: The Company’s debt and finance lease obligations at June 30, 2024 and December 31, 2023 consisted of (in thousands): June 30, December 31, 2024 2023 $700M Revolving Credit Facility, interest at SOFR plus 1.50%, maturing May 18, 2027 $ — $ — Term Loan B, interest at SOFR plus 2.25%, maturing May 18, 2030 294,263 496,250 Senior Notes, interest at 7.25%, maturing July 15, 2028 400,000 400,000 Senior Notes, interest at 4.50%, maturing February 15, 2029 600,000 600,000 Senior Notes, interest at 4.75%, maturing October 15, 2027 700,000 700,000 Senior Notes, interest at 6.50%, maturing April 1, 2032 1,000,000 — Gaylord Rockies Term Loan, interest at SOFR plus 2.50%, original maturity July 2, 2024 — 800,000 OEG Term Loan, interest at SOFR plus 3.50%, maturing June 28, 2031 300,000 296,250 $80M OEG Revolver, interest at SOFR plus 3.50%, maturing June 28, 2029 17,000 5,000 Block 21 CMBS Loan, interest at 5.58%, maturing January 5, 2026 130,439 131,871 Finance lease obligations 95 138 Unamortized deferred financing costs (55,141) (38,309) Unamortized discounts and premiums, net (13,273) (14,172) Total debt $ 3,373,383 $ 3,377,028 Amounts due within one year of the balance sheet date consist of the amortization payments for the term loan B of 1.0% of the refinanced $295.0 million principal balance, amortization payments for the $300 million OEG term loan of 1.0% of the refinanced principal balance, and amortization of the Block 21 CMBS Loan based on a 30-year amortization. At June 30, 2024, there were no defaults under the covenants related to the Company’s outstanding debt. $1 Billion 6.50% Senior Notes due 2032 On March 28, 2024, the Operating Partnership and RHP Finance Corporation (collectively, the “issuing subsidiaries”) completed the private placement of $ billion in aggregate principal amount of senior notes due 2032 (the “ $ Billion Senior Notes”), which are guaranteed by the Company and its subsidiaries that guarantee the Company’s credit agreement. The $ illion Senior Notes and guarantees were issued pursuant to an indenture by and among the issuing subsidiaries, the guarantors and U.S. Bank Trust Company, National Association, as trustee. The $ illion Senior Notes have a maturity date of and bear interest at 6.50% per annum, payable semi-annually in cash in arrears on April 1 and October 1 each year, beginning on October 1, 2024. The $ illion Senior Notes are general unsecured and unsubordinated obligations of the issuing subsidiaries and rank equal in right of payment with such subsidiaries’ existing and future senior unsecured indebtedness, including the Company’s $ million in aggregate principal amount of senior notes due 2027, $400 million in aggregate principal amount of 7.25% senior notes due 2028 and $600 million in aggregate principal amount of 4.50% senior notes due 2029, and senior in right of payment to future subordinated indebtedness, if any. The $ illion Senior Notes are effectively subordinated to the issuing subsidiaries’ secured indebtedness to the extent of the value of the assets securing such indebtedness. The guarantees rank equally in right of payment with the applicable guarantor’s existing and future senior unsecured indebtedness and senior in right of payment to any future subordinated indebtedness of such guarantor. The $ illion Senior Notes are effectively subordinated to any secured indebtedness of any guarantor to the extent of the value of the assets securing such indebtedness and structurally subordinated to all indebtedness and other obligations of the Operating Partnership’s subsidiaries that do not guarantee the $ illion Senior Notes. The net proceeds from the issuance of the $ illion Senior Notes totaled approximately $983 million, after deducting the initial purchasers’ discounts, commissions and offering expenses. The Company used a portion of these net proceeds to prepay the indebtedness outstanding under its previous $800.0 million Gaylord Rockies term loan and used the remaining proceeds, together with cash on hand, to pay down $200.0 million under its existing senior secured term loan B (the “Term Loan B”). The $ illion Senior Notes are redeemable before April 1, 2027, in whole or in part, at , plus accrued and unpaid interest thereon to, but not including, the redemption date, plus a make-whole premium. The $ illion Senior Notes will be redeemable, in whole or in part, at any time on or after April 1, 2027 at a redemption price expressed as a percentage of the principal amount thereof, which percentage is , , and beginning on April 1 of 2027, 2028, and 2029, respectively, plus accrued and unpaid interest thereon to, but not including, the redemption date. Previous $800 Million Gaylord Rockies Term Loan In July 2019, Aurora Convention Center Hotel, LLC and Aurora Convention Center Hotel Lessee, LLC, the entities that comprise Gaylord Rockies, entered into a Second Amended and Restated Loan Agreement (the “Gaylord Rockies Loan”) with Wells Fargo Bank, National Association, as administrative agent. The Gaylord Rockies Loan consisted of an $ million secured term loan facility, with a maturity date of with , extension options, subject to certain requirements in the Gaylord Rockies Loan, and bore interest at Adjusted Daily Simple SOFR plus . The Company previously entered into an interest rate swap to fix the SOFR portion of the interest rate at for the fifth year of the loan. The Company designated this interest rate swap as an effective cash flow hedge. On March 28, 2024, the Company paid off the Gaylord Rockies Loan with proceeds from the $1 Billion 6.50% Senior Notes discussed above and terminated the interest rate swap. Term Loan B Prior to the effectiveness of the Incremental Agreement (as hereinafter defined), the applicable interest rate margins for borrowings under the Term Loan B were, at our option, either (i) Term SOFR plus 2.75%, (ii) Daily Simple SOFR plus 2.75% or (iii) a base rate as set forth in the Credit Agreement plus 1.75%. On April 12, 2024, the Company entered into an Incremental Tranche B Term Loan Agreement (the “Incremental Agreement”), which supplements the Company’s credit agreement and includes the addition of certain new lenders and the removal of certain other lenders. The Incremental Agreement reduces the applicable interest rate margins for the loans advanced under the refinanced Term Loan B. The applicable interest rate margins for the refinanced Term Loan B OEG Credit Agreement On June 28, 2024, OEG Borrower, LLC (“OEG Borrower”) and OEG Finance, LLC (“OEG Finance”), each a wholly owned direct or indirect subsidiary of OEG, entered into a certain First Amendment, which amends the Credit Agreement dated as of June 16, 2022 among OEG Borrower, as borrower, OEG Finance, certain subsidiaries of OEG Borrower from time to time party thereto as guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Original OEG Credit Agreement”). As amended, the credit facility (the “Amended OEG Credit Agreement”) includes certain amended terms including lower interest rates, extended maturities and modifications to various covenants. The Amended OEG Credit Agreement provides for (i) a senior secured term loan facility in the aggregate amount of $300.0 million (the “OEG Term Loan”) and (ii) a senior secured revolving credit facility in an aggregate principal amount not to exceed $80.0 million (the “OEG Revolver”). The OEG Term Loan refinances and replaces the former term loan in the outstanding principal amount of $294.8 million as of June 28, 2024 and the OEG Revolver refinances and replaces the senior secured revolving credit facility in an aggregate principal amount not to exceed $65.0 million, of which $17.0 million was outstanding as of June 30, 2024. The OEG Term Loan and the OEG Revolver are each secured by substantially all of the assets of OEG Finance and each of its subsidiaries (other than Block 21-related subsidiaries, as more specifically described in the Amended OEG Credit Agreement). The OEG Term Loan bears interest at a rate equal to either, at OEG Borrower’s election, as of the closing contemplated by the Amended OEG Credit Agreement: (a) the Alternate Base Rate plus 2.500% or (b) Adjusted Term SOFR plus 3.50% (all as more specifically described in the Amended OEG Credit Agreement). Borrowings under the OEG Revolver bear interest at a rate equal to either, at OEG Borrower’s election, as of the closing contemplated by the Amended OEG Credit Agreement: (a) the Alternate Base Rate plus the Applicable Rate (as defined in the Amended OEG Credit Agreement) or (b) Adjusted Term SOFR plus the Applicable Rate. Under the Amended OEG Credit Agreement, (i) the Applicable Rate for Alternative Base Rate loans will be between 2.75% and 2.25% and (ii) the Applicable Rate for Adjusted Term SOFR loans will be between 3.75% and 3.25% , in each of (i) and (ii) based upon the First Lien Leverage Ratio of OEG Finance and its consolidated subsidiaries (as more specifically described in the Amended OEG Credit Agreement). The Applicable Rate for borrowings as of June 30, 2024 is 2.50% for Alternative Base Rate Loans and 3.50% for Adjusted Term SOFR loans. The OEG Term Loan matures on June 28, 2031 and the OEG Revolver matures on June 28, 2029 . OEG Borrower used the proceeds of the OEG Term Loan, net of transaction expenses, to refinance the original term loan under the Original OEG Credit Agreement. Interest Rate Derivatives The Company has entered into or previously entered into interest rate swaps to manage interest rate risk associated with the previous Gaylord Rockies $800 million term loan and a portion of the $300 million OEG term loan. Each swap has been designated as a cash flow hedge whereby the Company receives variable-rate amounts in exchange for fixed-rate payments over the life of the agreement without exchange of the underlying principal amount. The Company does not use derivatives for trading or speculative purposes and currently does not hold any derivatives that are not designated as hedges. For derivatives designated as and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive loss and subsequently reclassified to interest expense in the same period during which the hedged transaction affects earnings. These amounts reported in accumulated other comprehensive loss will be reclassified to interest expense as interest payments are made on the related variable-rate debt. The Company estimates that $0.4 million will be reclassified from accumulated other comprehensive income as a reduction to interest expense in the next twelve months. In March 2024, as discussed above, the Company paid off the Gaylord Rockies Loan and subsequently terminated the associated interest rate swap. The Company received approximately $0.2 million from the counterparty to the swap, which has been recorded as a reduction in interest expense for the six months ended June 30, 2024. The estimated fair value of the Company’s derivative financial instruments at June 30, 2024 and December 31, 2023 is as follows (in thousands): Estimated Fair Value Asset (Liability) Balance Strike Notional June 30, December 31, Hedged Debt Type Rate Index Maturity Date Amount 2024 2023 Gaylord Rockies Term Loan Interest Rate Swap 5.2105% Daily SOFR July 2, 2024 800,000 - (474) OEG Term Loan Interest Rate Swap 4.5330% 3-month SOFR December 18, 2025 100,000 255 (848) $ 255 $ (1,322) Derivative financial instruments in an asset position are included in prepaid expenses and other assets, and those in a liability position are included in other liabilities in the accompanying condensed consolidated balance sheets. The effect of the Company’s derivative financial instruments on the accompanying condensed consolidated statements of operations for the respective periods is as follows (in thousands): Amount of Gain (Loss) Amount of Gain (Loss) Recognized in OCI Reclassified from Accumulated on Derivatives Location of Gain (Loss) OCI into Income (Expense) Three Months Ended Reclassified from Three Months Ended June 30, Accumulated OCI June 30, 2024 2023 into Income (Expense) 2024 2023 Derivatives in Cash Flow Hedging Relationships: Interest rate swaps $ 351 $ 2,477 Interest expense $ 202 $ 4,888 Total derivatives $ 351 $ 2,477 $ 202 $ 4,888 Amount of Gain (Loss) Amount of Gain (Loss) Recognized in OCI on Reclassified from Accumulated Derivatives Location of Gain (Loss) OCI into Income (Expense) Six Months Ended Reclassified from Six Months Ended June 30, Accumulated OCI June 30, 2024 2023 into Income (Expense) 2024 2023 Derivatives in Cash Flow Hedging Relationships: Interest rate swaps $ 2,326 $ 1,467 Interest expense $ 749 $ 10,156 Total derivatives $ 2,326 $ 1,467 $ 749 $ 10,156 Reclassifications from accumulated other comprehensive loss for interest rate swaps are shown in the table above and included in interest expense. Total consolidated interest expense for the three months ended June 30, 2024 and 2023 was $56.6 million and $49.2 million, respectively, and for the six months ended June 30, 2024 and 2023 was $117.0 million and $91.7 million, respectively. As of June 30, 2024, the Company has not posted any collateral related to these agreements and was not in breach of any agreement provisions. The Company has an agreement with its derivative counterparty that contains a provision whereby the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company’s default on the indebtedness.

DEFERRED MANAGEMENT RIGHTS PROC

DEFERRED MANAGEMENT RIGHTS PROCEEDS	6 Months Ended
DEFERRED MANAGEMENT RIGHTS PROCEEDS	Jun. 30, 2024
DEFERRED MANAGEMENT RIGHTS PROCEEDS
Deferred Management Rights Proceeds	8. DEFERRED MANAGEMENT RIGHTS PROCEEDS: On October 1, 2012, the Company consummated its agreement to sell the Gaylord Hotels brand and rights to manage the Gaylord Hotels properties (the “Management Rights”) to Marriott for $210.0 million in cash. Effective October 1, 2012, Marriott assumed responsibility for managing the day-to-day operations of the Gaylord Hotels properties pursuant to a management agreement for each Gaylord Hotel property. The Company allocated $190.0 million of the purchase price to the Management Rights, based on the Company’s estimates of the fair values for the respective components. For financial accounting purposes, the amount related to the Management Rights was deferred and is amortized on a straight-line basis over the 65-year term of the hotel management agreements, including extensions, as a reduction in management fee expense.

LEASES

LEASES	6 Months Ended
LEASES	Jun. 30, 2024
LEASES
Leases	9. LEASES: The Company is a lessee of a 65.3-acre site in Osceola County, Florida on which Gaylord Palms is located; building or land leases for Ole Red Gatlinburg, Ole Red Orlando, Ole Red Tishomingo, Ole Red Nashville International Airport and Ole Red Las Vegas; and various warehouse, general office and other equipment leases. The Gaylord Palms land lease has a term through 2074, which may be extended through January 2101 five five The terms of the Gaylord Palms lease include variable lease payments based upon net revenues at Gaylord Palms, and certain other of the Company’s leases include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. As the discount rate implicit in the Company’s operating leases is not readily determinable, the Company applies judgments related to the determination of the discount rates used to calculate the lease liability as required by Accounting Standards Codification Topic 842, “ Leases The Company’s lease costs for the three and six months ended June 30, 2024 and 2023 are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Operating lease cost $ 4,901 $ 4,431 $ 9,567 $ 9,088 Finance lease cost: Amortization of right-of-use assets 47 30 95 61 Interest on lease liabilities — 6 1 12 Net lease cost $ 4,948 $ 4,467 $ 9,663 $ 9,161 Future minimum lease payments under non-cancelable leases at June 30, 2024 are as follows (in thousands): Operating Finance Leases Leases Year 1 $ 9,943 $ 60 Year 2 9,755 35 Year 3 9,778 2 Year 4 9,710 — Year 5 9,021 — Years thereafter 551,601 — Total future minimum lease payments 599,808 97 Less amount representing interest (469,397) (2) Total present value of minimum payments $ 130,411 $ 95 Weighted-average remaining lease term: Operating leases 42.6 years Finance leases 1.7 years Weighted-average discount rate: Operating leases 7.0 % Finance leases 2.3 %

STOCK PLANS

STOCK PLANS	6 Months Ended
STOCK PLANS	Jun. 30, 2024
STOCK PLANS
Stock Plans	10. STOCK PLANS: On May 9, 2024, the Company’s stockholders approved the Company’s 2024 Omnibus Incentive Plan (the “2024 Plan”). The 2024 Plan replaces the Company’s previous 2016 Omnibus Incentive Plan (the “2016 Plan”) and no new awards will be made under the 2016 Plan; however, awards granted under the 2016 Plan will continue to be governed by the 2016 Plan. At June 30, 2024, there were approximately 1.9 million shares of common stock available for issuance pursuant to future grants of awards under the 2024 Plan. During the six months ended June 30, 2024, the Company granted 0.1 million restricted stock units with a weighted-average grant date fair value of $120.59 per unit. There were 0.4 million and 0.6 million restricted stock units outstanding at June 30, 2024 and December 31, 2023. Compensation expense for the Company’s stock-based compensation plans was $3.4 million and $3.8 million for the three months ended June 30, 2024 and 2023, respectively, and $7.2 million and $7.5 million for the six months ended June 30, 2024 and 2023, respectively.

INCOME TAXES

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2024
INCOME TAXES
Income Taxes	11. INCOME TAXES: The Company elected to be taxed as a REIT effective January 1, 2013, pursuant to the U.S. Internal Revenue Code of 1986, as amended. As a REIT, generally the Company is not subject to federal corporate income taxes on ordinary taxable income and capital gains income from real estate investments that it distributes to its stockholders. The Company continues to be required to pay federal and state corporate income taxes on earnings of its taxable REIT subsidiaries (“TRSs”). For the three months ended June 30, 2024 and 2023, the Company recorded an income tax provision of $12.2 million and $3.5 million, respectively, related to its TRSs. For the six months ended June 30, 2024 and 2023, the Company recorded an income tax provision of $12.7 million and $5.2 million, respectively, related to its TRSs. At June 30, 2024 and December 31, 2023, the Company had no unrecognized tax benefits.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
COMMITMENTS AND CONTINGENCIES	Jun. 30, 2024
COMMITMENTS AND CONTINGENCIES
Commitments and Contingencies	12. COMMITMENTS AND CONTINGENCIES: In connection with the purchase of Block 21, the Company provided limited guarantees to the Block 21 lenders under the Block 21 CMBS Loan via a guaranty agreement, a guaranty of completion agreement and an environmental indemnity. The Company has entered into employment agreements with certain officers, which provide for severance payments upon certain events, including certain terminations in connection with a change of control. On April 9, 2024, the Company received service of process in a lawsuit naming the Company and a subsidiary as co-defendants with Marriott, as the manager, and multiple contractors in a personal injury lawsuit filed by individual plaintiffs in Colorado state court. The lawsuit relates to a May 2023 incident at the Gaylord Rockies indoor pool amenity involving the collapse of HVAC equipment. The complaint requests an unspecified amount of damages related to alleged injuries to two guests. The Company intends to vigorously defend the lawsuit and believes it has strong defenses. The lawsuit is in its early stages so the Company cannot predict its likely outcome or estimate the range of possible loss, but the Company does not believe that the outcome will have a material impact on the Company’s financial position. In addition, the Company, in the ordinary course of business, is involved in certain legal actions and claims on a variety of matters. It is the opinion of management that such contingencies will not have a material effect on the financial statements of the Company.

EQUITY

EQUITY	6 Months Ended
EQUITY	Jun. 30, 2024
EQUITY
Equity	13. EQUITY Dividends On February 22, 2024, the Company’s board of directors declared the Company’s first quarter 2024 cash dividend in the amount of $1.10 per share of common stock, or an aggregate of approximately $66.3 million in cash, which was paid on April 15, 2024 to stockholders of record as of the close of business on March 29, 2024. On May 10, 2024, the Company’s board of directors declared the Company’s second quarter 2024 cash dividend in the amount of $1.10 per share of common stock, or an aggregate of approximately $66.3 million in cash, which was paid on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024. Any future dividend is subject to the Company’s board of directors’ determination as to the amount of distributions and the timing thereof. Noncontrolling Interest in the Operating Partnership The Company consolidates the Operating Partnership, which is a majority-owned limited partnership that has a noncontrolling interest. The outstanding OP Units held by the noncontrolling limited partners are redeemable for cash, or if the Company so elects, in shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments. At June 30, 2024, 0.4 million outstanding OP Units, or 0.7% of the outstanding OP Units, were held by the noncontrolling limited partners and are included as a component of equity in the accompanying condensed consolidated balance sheets. The Company owns, directly or indirectly, the remaining 99.3% of the outstanding OP Units.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2024
FAIR VALUE MEASUREMENTS
Fair Value Measurements	14. FAIR VALUE MEASUREMENTS: The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The investments held by the Company in connection with its deferred compensation plan consist of mutual funds traded in an active market. The Company determined the fair value of these mutual funds based on the net asset value per unit of the funds or the portfolio, which is based upon quoted market prices in an active market. Therefore, the Company has categorized these investments as Level 1. The Company’s interest rate swaps consist of over-the-counter swap contracts, which are not traded on a public exchange. The Company determines the fair value of these swap contracts based on a widely accepted valuation methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows, using interest rates derived from observable market interest rate curves and volatilities, with appropriate adjustments for any significant impact of non-performance risk of the parties to the swap contracts. Therefore, these swap contracts have been classified as Level 2. The Company has consistently applied the above valuation techniques in all periods presented and believes it has obtained the most accurate information available for each type of instrument. The Company’s assets and liabilities measured at fair value on a recurring basis at June 30, 2024 and December 31, 2023, were as follows (in thousands): Markets for Observable Unobservable June 30, Identical Assets Inputs Inputs 2024 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 35,618 $ 35,618 $ — $ — Variable to fixed interest rate swaps 255 — 255 — Total assets measured at fair value $ 35,873 $ 35,618 $ 255 $ — Markets for Observable Unobservable December 31, Identical Assets Inputs Inputs 2023 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 33,073 $ 33,073 $ — $ — Total assets measured at fair value $ 33,073 $ 33,073 $ — $ — Variable to fixed interest rate swaps $ 1,322 $ — $ 1,322 $ — Total liabilities measured at fair value $ 1,322 $ — $ 1,322 $ — The remainder of the assets and liabilities held by the Company at June 30, 2024 are not required to be recorded at fair value, and financial assets and liabilities approximate fair value, except as described below. The Company has outstanding $400.0 million in aggregate principal amount of $400 million 7.25% senior notes. The carrying value of these notes at June 30, 2024 was $394.4 million, net of unamortized deferred financing costs (“DFCs”). The fair value of these notes, based upon quoted market prices (Level 1), was $414.0 million at June 30, 2024. The Company has outstanding $600.0 million in aggregate principal amount of $600 million 4.50% senior notes. The carrying value of these notes at June 30, 2024 was $593.6 million, net of unamortized DFCs. The fair value of these notes, based upon quoted market prices (Level 1), was $562.6 million at June 30, 2024. The Company has outstanding $700.0 million in aggregate principal amount of $700 million 4.75% senior notes. The carrying value of these notes at June 30, 2024 was $695.5 million, net of unamortized DFCs and premiums. The fair value of these notes, based upon quoted market prices (Level 1), was $675.0 million at June 30, 2024.

FINANCIAL REPORTING BY BUSINESS

FINANCIAL REPORTING BY BUSINESS SEGMENTS	6 Months Ended
FINANCIAL REPORTING BY BUSINESS SEGMENTS	Jun. 30, 2024
FINANCIAL REPORTING BY BUSINESS SEGMENTS
Financial Reporting by Business Segments	15. FINANCIAL REPORTING BY BUSINESS SEGMENTS: The Company’s operations are organized into three principal business segments: ● Hospitality , which includes the Gaylord Hotels properties, JW Marriott Hill Country (effective June 30, 2023), the Inn at Opryland and the AC Hotel; ● Entertainment , which includes the OEG business, specifically the Grand Ole Opry, the Ryman Auditorium, WSM-AM, Ole Red, Category 10 and Block 21; and ● Corporate and Other , which includes the Company’s corporate expenses. The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues: Hospitality $ 519,087 $ 417,685 $ 980,557 $ 842,124 Entertainment 94,203 87,158 161,078 154,438 Corporate and Other — — — — Total $ 613,290 $ 504,843 $ 1,141,635 $ 996,562 Depreciation and amortization: Hospitality $ 50,553 $ 42,646 $ 100,783 $ 85,521 Entertainment 7,766 5,402 14,506 10,667 Corporate and Other 234 209 466 426 Total $ 58,553 $ 48,257 $ 115,755 $ 96,614 Operating income (loss): Hospitality $ 151,885 $ 107,733 $ 254,070 $ 213,803 Entertainment 26,877 24,668 34,425 35,249 Corporate and Other (9,636) (10,094) (21,822) (20,905) Preopening costs (1,055) (67) (2,491) (257) Gain on sale of assets — — 270 — Total operating income 168,071 122,240 264,452 227,890 Interest expense (56,577) (49,179) (117,020) (91,707) Interest income 7,064 5,318 14,586 7,865 Loss on extinguishment of debt (1,797) (2,252) (2,319) (2,252) Income (loss) from unconsolidated joint ventures 183 (2,153) 215 (4,959) Other gains and (losses), net (4) (287) 317 (523) Income before income taxes $ 116,940 $ 73,687 $ 160,231 $ 136,314 June 30, December 31, 2024 2023 Total assets: Hospitality $ 3,915,838 $ 4,039,804 Entertainment 645,385 610,663 Corporate and Other 578,735 538,070 Total assets $ 5,139,958 $ 5,188,537

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
BASIS OF PRESENTATION (Policies)	Jun. 30, 2024
BASIS OF PRESENTATION
Deferred Revenue	The Company records deferred revenues when cash payments are received in advance of its performance obligations, primarily related to advanced deposits on hotel rooms and advanced ticketing at its OEG venues.
Newly Issued Accounting Standards	Newly Issued Accounting Standards In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07, “ Improvements to Reportable Segment Disclosures retrospectively and will be effective for the Company for fiscal year 2024 and for interim periods beginning in fiscal year 2025. The Company is currently evaluating the impact of this ASU but does not anticipate this adoption to have a material impact on the Company’s financial statements. In December 2023, the FASB issued ASU No. 2023-09, “ Improvements to Income Tax Disclosures

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
REVENUES (Tables)	Jun. 30, 2024
REVENUES
Revenues Disaggregated by Major Source	The Company’s revenues disaggregated by major source are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Hotel group rooms $ 145,869 $ 120,334 $ 277,270 $ 240,847 Hotel transient rooms 53,628 48,158 95,860 88,896 Hotel food and beverage - banquets 190,201 138,662 365,651 299,161 Hotel food and beverage - outlets 69,185 59,246 128,818 114,551 Hotel other 60,204 51,285 112,958 98,669 Entertainment admissions/ticketing 34,356 34,103 56,922 56,259 Entertainment food and beverage 34,587 28,641 59,857 52,707 Entertainment retail and other 25,260 24,414 44,299 45,472 Total revenues $ 613,290 $ 504,843 $ 1,141,635 $ 996,562
Hospitality Segment Revenues Disaggregated by Location	The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Gaylord Opryland $ 130,352 $ 110,475 $ 234,187 $ 222,281 Gaylord Palms 68,799 73,829 154,262 158,375 Gaylord Texan 83,897 81,479 168,799 167,877 Gaylord National 88,369 77,014 156,643 149,786 Gaylord Rockies 76,836 67,127 140,658 131,174 JW Marriott Hill Country 62,850 — 112,791 — AC Hotel 4,107 3,401 6,929 5,612 Inn at Opryland and other 3,877 4,360 6,288 7,019 Total Hospitality segment revenues $ 519,087 $ 417,685 $ 980,557 $ 842,124

INCOME PER SHARE (Tables)

INCOME PER SHARE (Tables)	6 Months Ended
INCOME PER SHARE (Tables)	Jun. 30, 2024
INCOME PER SHARE
Weighted Average Number of Common Shares Outstanding	The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Numerator: Net income available to common stockholders $ 100,805 $ 66,543 $ 143,861 $ 127,863 Net income attributable to noncontrolling interest in consolidated joint venture 3,270 3,134 2,691 2,371 Net income available to common stockholders - if-converted method $ 104,075 $ 69,677 $ 146,552 $ 130,234 Denominator: Weighted average shares outstanding - basic 59,895 56,329 59,817 55,759 Effect of dilutive stock-based compensation 206 232 314 256 Effect of dilutive put rights 3,122 3,928 3,315 3,958 Weighted average shares outstanding - diluted 63,223 60,489 63,446 59,973 Basic income per share available to common stockholders $ 1.68 $ 1.18 $ 2.41 $ 2.29 Diluted income per share available to common stockholders $ 1.65 $ 1.15 $ 2.31 $ 2.17

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Jun. 30, 2024
EQUITY
Summary of Changes in Accumulated Other Comprehensive Loss by Component	Changes in accumulated other comprehensive loss by component for the six months ended June 30, 2024 and 2023 consisted of the following (in thousands): Other-Than- Minimum Temporary Pension Impairment of Interest Rate Liability Investment Derivatives Total Balance, December 31, 2023 $ (15,187) $ (2,878) $ (1,322) $ (19,387) Gains arising during period — — 2,326 2,326 Amounts reclassified from accumulated other comprehensive loss (227) 106 (749) (870) Income tax benefit 63 — — 63 Net other comprehensive income (loss) (164) 106 1,577 1,519 Balance, June 30, 2024 $ (15,351) $ (2,772) $ 255 $ (17,868) Other-Than- Minimum Temporary Pension Impairment of Interest Rate Liability Investment Derivatives Total Balance, December 31, 2022 $ (18,021) $ (3,087) $ 10,185 $ (10,923) Gains arising during period — — 1,467 1,467 Amounts reclassified from accumulated other comprehensive loss (131) 104 (10,156) (10,183) Net other comprehensive income (loss) (131) 104 (8,689) (8,716) Balance, June 30, 2023 $ (18,152) $ (2,983) $ 1,496 $ (19,639)

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
PROPERTY AND EQUIPMENT (Tables)	Jun. 30, 2024
PROPERTY AND EQUIPMENT
Property and Equipment	Property and equipment at June 30, 2024 and December 31, 2023 is recorded at cost, with the exception of right-of-use finance lease assets and the initial value assigned to assets acquired in an acquisition, and summarized as follows (in thousands): June 30, December 31, 2024 2023 Land and land improvements $ 608,018 $ 605,500 Buildings 4,446,190 4,396,302 Furniture, fixtures and equipment 1,213,285 1,138,769 Right-of-use finance lease assets 1,097 1,793 Construction-in-progress 195,710 122,923 6,464,300 6,265,287 Accumulated depreciation and amortization (2,418,834) (2,309,701) Property and equipment, net $ 4,045,466 $ 3,955,586

DEBT (Tables)

DEBT (Tables)	6 Months Ended
DEBT (Tables)	Jun. 30, 2024
DEBT
Summary of Debt and Finance Lease Obligations	The Company’s debt and finance lease obligations at June 30, 2024 and December 31, 2023 consisted of (in thousands): June 30, December 31, 2024 2023 $700M Revolving Credit Facility, interest at SOFR plus 1.50%, maturing May 18, 2027 $ — $ — Term Loan B, interest at SOFR plus 2.25%, maturing May 18, 2030 294,263 496,250 Senior Notes, interest at 7.25%, maturing July 15, 2028 400,000 400,000 Senior Notes, interest at 4.50%, maturing February 15, 2029 600,000 600,000 Senior Notes, interest at 4.75%, maturing October 15, 2027 700,000 700,000 Senior Notes, interest at 6.50%, maturing April 1, 2032 1,000,000 — Gaylord Rockies Term Loan, interest at SOFR plus 2.50%, original maturity July 2, 2024 — 800,000 OEG Term Loan, interest at SOFR plus 3.50%, maturing June 28, 2031 300,000 296,250 $80M OEG Revolver, interest at SOFR plus 3.50%, maturing June 28, 2029 17,000 5,000 Block 21 CMBS Loan, interest at 5.58%, maturing January 5, 2026 130,439 131,871 Finance lease obligations 95 138 Unamortized deferred financing costs (55,141) (38,309) Unamortized discounts and premiums, net (13,273) (14,172) Total debt $ 3,373,383 $ 3,377,028
Schedule of Fair Value of the Company's Derivative Financial Instruments	The estimated fair value of the Company’s derivative financial instruments at June 30, 2024 and December 31, 2023 is as follows (in thousands): Estimated Fair Value Asset (Liability) Balance Strike Notional June 30, December 31, Hedged Debt Type Rate Index Maturity Date Amount 2024 2023 Gaylord Rockies Term Loan Interest Rate Swap 5.2105% Daily SOFR July 2, 2024 800,000 - (474) OEG Term Loan Interest Rate Swap 4.5330% 3-month SOFR December 18, 2025 100,000 255 (848) $ 255 $ (1,322)
Summary of Effect of Derivative Financial Instruments on the Accompanying Consolidated Statements of Operations	The effect of the Company’s derivative financial instruments on the accompanying condensed consolidated statements of operations for the respective periods is as follows (in thousands): Amount of Gain (Loss) Amount of Gain (Loss) Recognized in OCI Reclassified from Accumulated on Derivatives Location of Gain (Loss) OCI into Income (Expense) Three Months Ended Reclassified from Three Months Ended June 30, Accumulated OCI June 30, 2024 2023 into Income (Expense) 2024 2023 Derivatives in Cash Flow Hedging Relationships: Interest rate swaps $ 351 $ 2,477 Interest expense $ 202 $ 4,888 Total derivatives $ 351 $ 2,477 $ 202 $ 4,888 Amount of Gain (Loss) Amount of Gain (Loss) Recognized in OCI on Reclassified from Accumulated Derivatives Location of Gain (Loss) OCI into Income (Expense) Six Months Ended Reclassified from Six Months Ended June 30, Accumulated OCI June 30, 2024 2023 into Income (Expense) 2024 2023 Derivatives in Cash Flow Hedging Relationships: Interest rate swaps $ 2,326 $ 1,467 Interest expense $ 749 $ 10,156 Total derivatives $ 2,326 $ 1,467 $ 749 $ 10,156

LEASES (Tables)

LEASES (Tables)	6 Months Ended
LEASES (Tables)	Jun. 30, 2024
LEASES
Schedule of Company's Lease Cost	The Company’s lease costs for the three and six months ended June 30, 2024 and 2023 are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Operating lease cost $ 4,901 $ 4,431 $ 9,567 $ 9,088 Finance lease cost: Amortization of right-of-use assets 47 30 95 61 Interest on lease liabilities — 6 1 12 Net lease cost $ 4,948 $ 4,467 $ 9,663 $ 9,161
Summary of Maturities of Operating Lease Liabilities	Future minimum lease payments under non-cancelable leases at June 30, 2024 are as follows (in thousands): Operating Finance Leases Leases Year 1 $ 9,943 $ 60 Year 2 9,755 35 Year 3 9,778 2 Year 4 9,710 — Year 5 9,021 — Years thereafter 551,601 — Total future minimum lease payments 599,808 97 Less amount representing interest (469,397) (2) Total present value of minimum payments $ 130,411 $ 95
Summary of Maturities of Finance Lease Liabilities	Operating Finance Leases Leases Year 1 $ 9,943 $ 60 Year 2 9,755 35 Year 3 9,778 2 Year 4 9,710 — Year 5 9,021 — Years thereafter 551,601 — Total future minimum lease payments 599,808 97 Less amount representing interest (469,397) (2) Total present value of minimum payments $ 130,411 $ 95
Schedule of Remaining Lease Term and Discount Rate of Leases	Weighted-average remaining lease term: Operating leases 42.6 years Finance leases 1.7 years Weighted-average discount rate: Operating leases 7.0 % Finance leases 2.3 %

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2024
FAIR VALUE MEASUREMENTS
Assets and Liabilities Measured at Fair Value on Recurring Basis	The Company’s assets and liabilities measured at fair value on a recurring basis at June 30, 2024 and December 31, 2023, were as follows (in thousands): Markets for Observable Unobservable June 30, Identical Assets Inputs Inputs 2024 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 35,618 $ 35,618 $ — $ — Variable to fixed interest rate swaps 255 — 255 — Total assets measured at fair value $ 35,873 $ 35,618 $ 255 $ — Markets for Observable Unobservable December 31, Identical Assets Inputs Inputs 2023 (Level 1) (Level 2) (Level 3) Deferred compensation plan investments $ 33,073 $ 33,073 $ — $ — Total assets measured at fair value $ 33,073 $ 33,073 $ — $ — Variable to fixed interest rate swaps $ 1,322 $ — $ 1,322 $ — Total liabilities measured at fair value $ 1,322 $ — $ 1,322 $ —

FINANCIAL REPORTING BY BUSINE_2

FINANCIAL REPORTING BY BUSINESS SEGMENTS (Tables)	6 Months Ended
FINANCIAL REPORTING BY BUSINESS SEGMENTS (Tables)	Jun. 30, 2024
FINANCIAL REPORTING BY BUSINESS SEGMENTS
Segments' Internal Financial Reports	The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands): Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues: Hospitality $ 519,087 $ 417,685 $ 980,557 $ 842,124 Entertainment 94,203 87,158 161,078 154,438 Corporate and Other — — — — Total $ 613,290 $ 504,843 $ 1,141,635 $ 996,562 Depreciation and amortization: Hospitality $ 50,553 $ 42,646 $ 100,783 $ 85,521 Entertainment 7,766 5,402 14,506 10,667 Corporate and Other 234 209 466 426 Total $ 58,553 $ 48,257 $ 115,755 $ 96,614 Operating income (loss): Hospitality $ 151,885 $ 107,733 $ 254,070 $ 213,803 Entertainment 26,877 24,668 34,425 35,249 Corporate and Other (9,636) (10,094) (21,822) (20,905) Preopening costs (1,055) (67) (2,491) (257) Gain on sale of assets — — 270 — Total operating income 168,071 122,240 264,452 227,890 Interest expense (56,577) (49,179) (117,020) (91,707) Interest income 7,064 5,318 14,586 7,865 Loss on extinguishment of debt (1,797) (2,252) (2,319) (2,252) Income (loss) from unconsolidated joint ventures 183 (2,153) 215 (4,959) Other gains and (losses), net (4) (287) 317 (523) Income before income taxes $ 116,940 $ 73,687 $ 160,231 $ 136,314 June 30, December 31, 2024 2023 Total assets: Hospitality $ 3,915,838 $ 4,039,804 Entertainment 645,385 610,663 Corporate and Other 578,735 538,070 Total assets $ 5,139,958 $ 5,188,537

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details)	Jun. 30, 2024
Opry Entertainment Group [Member] \| Ryman Hospitality Properties, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	70%

REVENUES - Revenues Disaggregat

REVENUES - Revenues Disaggregated by Major Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 613,290	$ 504,843	$ 1,141,635	$ 996,562
Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	199,497	168,492	373,130	329,743
Hotel Group Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	145,869	120,334	277,270	240,847
Hotel Transient Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	53,628	48,158	95,860	88,896
Food and Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	259,386	197,908	494,469	413,712
Hotel Food And Beverage Banquets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	190,201	138,662	365,651	299,161
Hotel Food And Beverage Outlets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	69,185	59,246	128,818	114,551
Hotel, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	60,204	51,285	112,958	98,669
Entertainment Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	94,203	87,158	161,078	154,438
Entertainment Admissions And Ticketing [Member]
Disaggregation of Revenue [Line Items]
Total revenues	34,356	34,103	56,922	56,259
Entertainment Food And Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	34,587	28,641	59,857	52,707
Entertainment Retail And Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 25,260	$ 24,414	$ 44,299	$ 45,472

REVENUES - Hospitality Segment

REVENUES - Hospitality Segment Revenues Disaggregated by Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 613,290	$ 504,843	$ 1,141,635	$ 996,562
Hospitality [Member]
Disaggregation of Revenue [Line Items]
Total revenues	519,087	417,685	980,557	842,124
Hospitality [Member] \| Gaylord Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	130,352	110,475	234,187	222,281
Hospitality [Member] \| Gaylord Palms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	68,799	73,829	154,262	158,375
Hospitality [Member] \| Gaylord Texan [Member]
Disaggregation of Revenue [Line Items]
Total revenues	83,897	81,479	168,799	167,877
Hospitality [Member] \| Gaylord National [Member]
Disaggregation of Revenue [Line Items]
Total revenues	88,369	77,014	156,643	149,786
Hospitality [Member] \| Gaylord Rockies [Member]
Disaggregation of Revenue [Line Items]
Total revenues	76,836	67,127	140,658	131,174
Hospitality [Member] \| JW Marriott Hill Country [Member]
Disaggregation of Revenue [Line Items]
Total revenues	62,850		112,791
Hospitality [Member] \| AC Hotel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	4,107	3,401	6,929	5,612
Hospitality [Member] \| Inn at Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 3,877	$ 4,360	$ 6,288	$ 7,019

REVENUES - Additional Informati

REVENUES - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Contract with Customer, Liability [Abstract]
Deferred revenues	$ 152.5	$ 159.8
Change in Contract with Customer, Liability [Abstract]
Revenue recognized	$ 104.7

INCOME PER SHARE (Details)

INCOME PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INCOME PER SHARE
Net income available to common stockholders	$ 100,805	$ 66,543	$ 143,861	$ 127,863
Net income attributable to noncontrolling interest in consolidated joint venture	3,270	3,134	2,691	2,371
Net income available to common shareholders - if-converted method	$ 104,075	$ 69,677	$ 146,552	$ 130,234
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average shares outstanding - basic (in shares)	59,895	56,329	59,817	55,759
Effect of dilutive stock-based compensation (in shares)	206	232	314	256
Effect of dilutive put rights (in shares)	3,122	3,928	3,315	3,958
Weighted average shares outstanding - diluted (in shares)	63,223	60,489	63,446	59,973
Basic income per share available to common stockholders	$ 1.68	$ 1.18	$ 2.41	$ 2.29
Diluted income per share available to common stockholders	$ 1.65	$ 1.15	$ 2.31	$ 2.17

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - Summary of Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 569,153
Ending balance	562,617
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(19,387)	$ (10,923)
Gains arising during period	2,326	1,467
Amounts reclassified from accumulated other comprehensive loss	(870)	(10,183)
Income tax benefit	(63)
Net other comprehensive income (loss)	1,519	(8,716)
Ending balance	(17,868)	(19,639)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(15,187)	(18,021)
Amounts reclassified from accumulated other comprehensive loss	(227)	(131)
Income tax benefit	(63)
Net other comprehensive income (loss)	(164)	(131)
Ending balance	(15,351)	(18,152)
Accumulated Other-than-Temporary Impairment of Investment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(2,878)	(3,087)
Amounts reclassified from accumulated other comprehensive loss	106	104
Net other comprehensive income (loss)	106	104
Ending balance	(2,772)	(2,983)
Interest Rate Derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,322)	10,185
Gains arising during period	2,326	1,467
Amounts reclassified from accumulated other comprehensive loss	(749)	(10,156)
Net other comprehensive income (loss)	1,577	(8,689)
Ending balance	$ 255	$ 1,496

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Right-of-use finance lease assets	$ 1,097	$ 1,793
Property and equipment, gross	6,464,300	6,265,287
Accumulated depreciation and amortization	(2,418,834)	(2,309,701)
Property and equipment, net	4,045,466	3,955,586
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	608,018	605,500
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,446,190	4,396,302
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,213,285	1,138,769
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 195,710	$ 122,923

NOTES RECEIVABLE - General Info

NOTES RECEIVABLE - General Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values	$ 61,892	$ 61,760
Bonds A Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable	Jul. 01, 2034
Bonds B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity date of notes receivable	Sep. 01, 2037
Bonds A and B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values	$ 61,900	61,800
Credit loss reserve	$ 38,000	$ 38,000

NOTES RECEIVABLE - Interest Inc

NOTES RECEIVABLE - Interest Income and Payment Received (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 7,064	$ 5,318	$ 14,586	$ 7,865
Payment received relating to notes receivables				2,143
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payment received relating to notes receivables			2,400	4,700
Accrued interest receivable	41,100		41,100		$ 41,000
Bonds A and B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 1,200	$ 1,300	$ 2,400	$ 2,500

DEBT - Debt and Capital Lease O

DEBT - Debt and Capital Lease Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Apr. 12, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Finance lease obligations	$ 95		$ 138
Unamortized deferred financing costs	(55,141)		(38,309)
Unamortized discounts and premiums, net	(13,273)		(14,172)
Total debt	3,373,383		3,377,028
Line of Credit [Member] \| $80M OEG Revolver [Member]
Debt Instrument [Line Items]
Line of credit	17,000		5,000
Secured Debt [Member] \| $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Secured debt	294,263	$ 295,000	496,250
Secured Debt [Member] \| $800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Secured debt			800,000
Secured Debt [Member] \| $300 Million OEG Term Loan [Member]
Debt Instrument [Line Items]
Secured debt	300,000		296,250
Secured Debt [Member] \| Block 21 CMBS Loan [Member]
Debt Instrument [Line Items]
Secured debt	130,439		131,871
Senior Notes [Member] \| $400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	400,000		400,000
Senior Notes [Member] \| $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	600,000		600,000
Senior Notes [Member] \| $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	700,000		$ 700,000
Senior Notes [Member] \| $1 Billion 6.50% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	$ 1,000,000

DEBT - Summary of Debt and Capi

DEBT - Summary of Debt and Capital Lease Obligations - General Information (Details) - USD ($)					1 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 28, 2024	Apr. 12, 2024	Mar. 28, 2024	Jul. 31, 2019	Mar. 31, 2024	Jun. 30, 2024
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]				Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)						1.75%
$500 Million Term Loan B [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)						2.75%
$800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)							2.50%
Debt instrument, maturity date					Jul. 02, 2024
OEG Attractions Holdings, LLC \| $300 Million OEG Term Loan [Member]
Debt Instrument [Line Items]
Face amount		$ 300,000,000
Spread rate (as a percent)		2.50%
Debt instrument, maturity date							Jun. 28, 2031
OEG Attractions Holdings, LLC \| $300 Million OEG Term Loan [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		3.50%
OEG Attractions Holdings, LLC \| $80M OEG Revolver [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 80,000,000
Spread rate (as a percent)	2.50%
Debt instrument, maturity date							Jun. 28, 2029
OEG Attractions Holdings, LLC \| $80M OEG Revolver [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.75%
OEG Attractions Holdings, LLC \| $80M OEG Revolver [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.25%
OEG Attractions Holdings, LLC \| $80M OEG Revolver [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	3.50%
OEG Attractions Holdings, LLC \| $80M OEG Revolver [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		3.75%
OEG Attractions Holdings, LLC \| $80M OEG Revolver [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		3.25%
Secured Debt [Member] \| $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Face amount	$ 295,000,000						$ 295,000,000
Spread rate (as a percent)			2.25%				2.25%
Debt instrument, maturity date							May 18, 2030
Secured Debt [Member] \| $500 Million Term Loan B [Member] \| Base rate
Debt Instrument [Line Items]
Spread rate (as a percent)			1.25%
Secured Debt [Member] \| $800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Face amount	800,000,000			$ 800,000,000	$ 800,000,000		$ 800,000,000
Spread rate (as a percent)							2.50%
Debt instrument, maturity date							Jul. 02, 2024
Secured Debt [Member] \| $300 Million OEG Term Loan [Member]
Debt Instrument [Line Items]
Face amount	$ 300,000,000						$ 300,000,000
Spread rate (as a percent)							3.50%
Debt instrument, maturity date							Jun. 28, 2031
Secured Debt [Member] \| Block 21 CMBS Loan [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)	5.58%						5.58%
Debt instrument, maturity date							Jan. 05, 2026
Line of Credit [Member] \| $80M OEG Revolver [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 80,000,000						$ 80,000,000
Credit facility, maturity date							Jun. 28, 2029
Line of Credit [Member] \| Revolving Credit Facility [Member] \| $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 700,000,000						$ 700,000,000
Spread rate (as a percent)							1.50%
Credit facility, maturity date							May 18, 2027
Line of Credit [Member] \| Revolving Credit Facility [Member] \| $80M OEG Revolver [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)							3.50%
Senior Notes [Member] \| $400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)	7.25%			7.25%			7.25%
Face amount	$ 400,000,000			$ 400,000,000			$ 400,000,000
Debt instrument, maturity date							Jul. 15, 2028
Senior Notes [Member] \| $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.50%			4.50%			4.50%
Face amount	$ 600,000,000			$ 600,000,000			$ 600,000,000
Debt instrument, maturity date							Feb. 15, 2029
Senior Notes [Member] \| $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)	4.75%			4.75%			4.75%
Face amount	$ 700,000,000			$ 700,000,000			$ 700,000,000
Debt instrument, maturity date							Oct. 15, 2027
Senior Notes [Member] \| $1 Billion 6.50% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)	6.50%			6.50%			6.50%
Face amount	$ 1,000,000,000			$ 1,000,000,000			$ 1,000,000,000
Debt instrument, maturity date				Apr. 01, 2032			Apr. 01, 2032

DEBT - 1 Billion Senior Notes (

DEBT - 1 Billion Senior Notes (Details) - USD ($) $ in Thousands		1 Months Ended	6 Months Ended
	Mar. 28, 2024	Jul. 31, 2019	Jun. 30, 2024	Jun. 30, 2023
$800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date		Jul. 02, 2024
Repayment of loan			$ 800,000
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Repayment of loan			220,849	$ 376,250
Senior Notes [Member] \| $400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400,000		$ 400,000
Stated interest rate (as a percent)	7.25%		7.25%
Debt instrument, maturity date			Jul. 15, 2028
Net proceeds	$ 983,000
Senior Notes [Member] \| $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 600,000		$ 600,000
Stated interest rate (as a percent)	4.50%		4.50%
Debt instrument, maturity date			Feb. 15, 2029
Senior Notes [Member] \| $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 700,000		$ 700,000
Stated interest rate (as a percent)	4.75%		4.75%
Debt instrument, maturity date			Oct. 15, 2027
Senior Notes [Member] \| $1 Billion 6.50% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 1,000,000		$ 1,000,000
Stated interest rate (as a percent)	6.50%		6.50%
Debt instrument, maturity date	Apr. 01, 2032		Apr. 01, 2032
Redemption price (as a percent)	100%
Senior Notes [Member] \| $1 Billion 6.50% Senior Notes [Member] \| Redemption Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	103.25%
Senior Notes [Member] \| $1 Billion 6.50% Senior Notes [Member] \| Redemption Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	101.625%
Senior Notes [Member] \| $1 Billion 6.50% Senior Notes [Member] \| Redemption Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	100%
Secured Debt [Member] \| $800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Face amount	$ 800,000	$ 800,000	$ 800,000
Debt instrument, maturity date			Jul. 02, 2024
Secured Debt [Member] \| $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Face amount			$ 295,000
Debt instrument, maturity date			May 18, 2030
Repayment of loan	$ 200,000

DEBT - 800 Million Gaylord Rock

DEBT - 800 Million Gaylord Rockies Term Loan (Details) $ in Millions		1 Months Ended	6 Months Ended
	Apr. 12, 2024	Jul. 31, 2019 USD ($) item	Jun. 30, 2024 USD ($)	Mar. 28, 2024 USD ($)
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date		Jul. 02, 2024
Number of options \| item		2
Extended term		1 year
Spread rate (as a percent)			2.50%
Interest rate (as a percent)			5.2105%
$800M Gaylord Rockies Term Loan [Member] \| Secured Debt [Member]
Debt Instrument [Line Items]
Face amount \| $		$ 800	$ 800	$ 800
Debt instrument, maturity date			Jul. 02, 2024
Spread rate (as a percent)			2.50%

DEBT - Term Loan B (Details)

DEBT - Term Loan B (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended	12 Months Ended
DEBT - Term Loan B (Details) - USD ($) $ in Thousands	Apr. 12, 2024	Mar. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		1.75%
$500 Million Term Loan B [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.75%
Secured Debt [Member] \| $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	2.25%		2.25%
Percentage of amortization of original principal balance (as a percent)	1%			1%
Secured debt	$ 295,000		$ 294,263	$ 496,250
Secured Debt [Member] \| $500 Million Term Loan B [Member] \| Base Rate Member
Debt Instrument [Line Items]
Spread rate (as a percent)	1.25%

DEBT - OEG Credit Agreement (De

DEBT - OEG Credit Agreement (Details) - OEG Attractions Holdings, LLC - USD ($) $ in Millions			6 Months Ended
	Jun. 30, 2024	Jun. 28, 2024	Jun. 30, 2024
$300 Million OEG Term Loan [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 300
Secured debt		$ 294.8
Spread rate (as a percent)		2.50%
Debt instrument, maturity date			Jun. 28, 2031
$300 Million OEG Term Loan [Member] \| SOFR Member
Debt Instrument [Line Items]
Spread rate (as a percent)		3.50%
$80 Million OEG Revolver [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 80
Outstanding borrowing	$ 17		$ 17
Spread rate (as a percent)	2.50%
Debt instrument, maturity date			Jun. 28, 2029
$80 Million OEG Revolver [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.25%
$80 Million OEG Revolver [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.75%
$80 Million OEG Revolver [Member] \| SOFR Member
Debt Instrument [Line Items]
Spread rate (as a percent)	3.50%
$80 Million OEG Revolver [Member] \| SOFR Member \| Minimum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		3.25%
$80 Million OEG Revolver [Member] \| SOFR Member \| Maximum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		3.75%
$65 Million OEG Revolver [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 65

DEBT - Derivative Financial Ins

DEBT - Derivative Financial Instruments (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 28, 2024	Dec. 31, 2023	Jul. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense		$ 56,577	$ 49,179	$ 117,020	$ 91,707
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivatives		351	2,477	2,326	1,467
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)		202	4,888	749	10,156
Cash Flow Hedging [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Estimated reclassification from AOCI to interest expense				400
Interest Rate Swap [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Estimated Fair Value Asset (Liability) Balance		255		255			$ (1,322)
Amount of Gain (Loss) Recognized in OCI on Derivatives		351	2,477	2,326	1,467
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)				749	$ 10,156
Interest Rate Swap [Member] \| Cash Flow Hedging [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Proceed from swap recorded as reduction in interest expense	$ 200
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)		202	$ 4,888
$500 Million Term Loan B [Member] \| Secured Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Face amount		$ 295,000		$ 295,000
$800M Gaylord Rockies Term Loan [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate		5.2105%		5.2105%
$800M Gaylord Rockies Term Loan [Member] \| Interest Rate Swap [Member] \| Derivative Instrument Gaylord Rockies Term Loan Maturing On July 2 2024 [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate		5.2105%		5.2105%
Investment, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative, maturity date				Jul. 02, 2024
Notional amount		$ 800,000		$ 800,000
Estimated Fair Value Asset (Liability) Balance							$ (474)
$800M Gaylord Rockies Term Loan [Member] \| Secured Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Face amount		$ 800,000		$ 800,000		$ 800,000		$ 800,000
$300 Million OEG Term Loan [Member] \| Interest Rate Swap [Member] \| Derivative Instrument OEG Term Loan Maturing on December 18, 2025 [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate		4.533%		4.533%
Investment, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative, maturity date				Dec. 18, 2025
Notional amount		$ 100,000		$ 100,000
Estimated Fair Value Asset (Liability) Balance		255		255			$ (848)
$300 Million OEG Term Loan [Member] \| Secured Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Face amount		$ 300,000		$ 300,000

DEBT - Narrative (Details)

DEBT - Narrative (Details) - Secured Debt [Member] - USD ($) $ in Millions		6 Months Ended	12 Months Ended
	Apr. 12, 2024	Jun. 30, 2024	Dec. 31, 2023	Mar. 28, 2024	Jul. 31, 2019
Debt Instrument [Line Items]
Amortization term		30 years
$800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Face amount		$ 800		$ 800	$ 800
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Face amount		295
Percentage of amortization of original principal balance (as a percent)	1%		1%
$300 Million OEG Term Loan [Member]
Debt Instrument [Line Items]
Face amount		$ 300
Percentage of amortization of original principal balance (as a percent)		1%

DEFERRED MANAGEMENT RIGHTS PR_2

DEFERRED MANAGEMENT RIGHTS PROCEEDS (Details) - USD ($) $ in Millions		6 Months Ended
	Oct. 01, 2012	Jun. 30, 2024
DEFERRED MANAGEMENT RIGHTS PROCEEDS
Sales price of management rights and intellectual property	$ 210
Purchase price allocated to the management rights	$ 190
Term of management rights for income amortization		65 years

LEASES (Details)

LEASES (Details)	6 Months Ended
LEASES (Details)	Jun. 30, 2024 a
Ole Red [Member] \| Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	5 years
Operating lease, renewal term	5 years
Ole Red [Member] \| Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	10 years
Operating lease, renewal term	55 years
Land in Osceola County, Florida [Member]
Lessee, Lease, Description [Line Items]
Area of leased property	65.3
Lease expiration year	2074
Expiration date of lease under extension	Jan. 31, 2101

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
LEASES
Operating lease cost	$ 4,901	$ 4,431	$ 9,567	$ 9,088
Finance lease cost:
Amortization of right-of-use assets	47	30	95	61
Interest on lease liabilities		6	1	12
Net lease cost	$ 4,948	$ 4,467	$ 9,663	$ 9,161

LEASES - Future Minimum Lease P

LEASES - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Year 1	$ 9,943
Year 2	9,755
Year 3	9,778
Year 4	9,710
Year 5	9,021
Years thereafter	551,601
Total future minimum lease payments	599,808
Less amount representing interest	(469,397)
Total present value of minimum payments	130,411	$ 129,122
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Year 1	60
Year 2	35
Year 3	2
Total future minimum lease payments	97
Less amount representing interest	(2)
Total present value of minimum payments	$ 95	$ 138

LEASES - Discount Rate (Details

LEASES - Discount Rate (Details)	Jun. 30, 2024
Weighted-average remaining lease term (years):
Operating leases	42 years 7 months 6 days
Finance leases	1 year 8 months 12 days
Operating leases	7%
Finance leases	2.30%

STOCK PLANS - Restricted Stock

STOCK PLANS - Restricted Stock Units - Weighted-Average Grant Date Fair Value of Units Granted (Details) - $ / shares shares in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Omnibus Incentive Plan 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Common stock available for issuance pursuant	1.9
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock award granted by Company (in shares)	0.1
Weighted-average grant-date fair value of restricted stock awards granted (in dollars per share)	$ 120.59
Restricted stock award, outstanding (in shares)	0.4	0.6

STOCK PLANS - Compensation Expe

STOCK PLANS - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
STOCK PLANS
Compensation cost on stock-based compensation plans	$ 3.4	$ 3.8	$ 7.2	$ 7.5

INCOME TAXES - Income Tax Provi

INCOME TAXES - Income Tax Provisions (Benefits) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Provision (benefit) for income taxes	$ 12,200	$ 3,544	$ 12,730	$ 5,177
Unrecognized tax benefits	$ 0		$ 0		$ 0

EQUITY - Dividends (Details)

EQUITY - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Subsidiary or Equity Method Investee [Line Items]
Dividends declared per share	$ 1.10	$ 1.10	$ 1	$ 0.75
Dividends, first quarter 2024
Subsidiary or Equity Method Investee [Line Items]
Dividend payable date declared		Feb. 22, 2024
Dividends declared per share		$ 1.10
Aggregated dividend paid		$ 66.3
Common stock dividend payable date		Apr. 15, 2024
Dividend payable date of record		Mar. 29, 2024
Dividends, second quarter 2024
Subsidiary or Equity Method Investee [Line Items]
Dividend payable date declared	May 10, 2024
Dividends declared per share	$ 1.10
Aggregated dividend paid	$ 66.3
Common stock dividend payable date	Jul. 15, 2024
Dividend payable date of record	Jun. 28, 2024

EQUITY - Noncontrolling Interes

EQUITY - Noncontrolling Interest (Details)	6 Months Ended
EQUITY - Noncontrolling Interest (Details)	Jun. 30, 2024 shares
Schedule of Equity Method Investments [Line Items]
Redemption of Operating Partnership Units into Company's common stock (in shares)	1
Outstanding Operating Partnership Units	400,000
Noncontrolling Limited Partners [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of outstanding Operating Partnership Units held by the noncontrolling limited partners	0.70%
Ryman Hospitality Properties, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of outstanding Operating Partnership Units held by the company	99.30%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	$ 35,618	$ 33,073
Total assets measured at fair value	35,873	33,073
Total liabilities measured at fair value		1,322
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable to fixed interest rate swaps	255
Variable to fixed interest rate swaps		1,322
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	35,618	33,073
Total assets measured at fair value	35,618	33,073
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	255
Total liabilities measured at fair value		1,322
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable to fixed interest rate swaps	$ 255
Variable to fixed interest rate swaps		$ 1,322

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - Senior Notes [Member] - USD ($) $ in Millions	Jun. 30, 2024	Mar. 28, 2024
$400 Million 7.25% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 400	$ 400
Stated interest rate (as a percent)	7.25%	7.25%
Debt amount	$ 394.4
Fair value of notes	414
$600 Million 4.50% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 600	$ 600
Stated interest rate (as a percent)	4.50%	4.50%
Debt amount	$ 593.6
Fair value of notes	562.6
$700 Million 4.75% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 700	$ 700
Stated interest rate (as a percent)	4.75%	4.75%
Debt amount	$ 695.5
Fair value of notes	$ 675

FINANCIAL REPORTING BY BUSINE_3

FINANCIAL REPORTING BY BUSINESS SEGMENTS - General Information (Details)	6 Months Ended
	Jun. 30, 2024 segment
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Number of business segments	3

FINANCIAL REPORTING BY BUSINE_4

FINANCIAL REPORTING BY BUSINESS SEGMENTS - Internal Financial Reports (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	$ 613,290	$ 504,843	$ 1,141,635	$ 996,562
Depreciation and amortization	58,553	48,257	115,755	96,614
Total operating income	168,071	122,240	264,452	227,890
Preopening costs	(1,055)	(67)	(2,491)	(257)
Gain on sale of assets			270
Interest expense	(56,577)	(49,179)	(117,020)	(91,707)
Interest income	7,064	5,318	14,586	7,865
Loss on extinguishment of debt	1,797	2,252	2,319	2,252
Income (loss) from unconsolidated joint ventures	183	(2,153)	215	(4,959)
Other gains and (losses), net	(4)	(287)	317	(523)
Income before income taxes	116,940	73,687	160,231	136,314
Hospitality [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	519,087	417,685	980,557	842,124
Depreciation and amortization	50,553	42,646	100,783	85,521
Total operating income	151,885	107,733	254,070	213,803
Entertainment [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Total revenues	94,203	87,158	161,078	154,438
Depreciation and amortization	7,766	5,402	14,506	10,667
Total operating income	26,877	24,668	34,425	35,249
Corporate and Other [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Depreciation and amortization	234	209	466	426
Total operating income	$ (9,636)	$ (10,094)	$ (21,822)	$ (20,905)

FINANCIAL REPORTING BY BUSINE_5

FINANCIAL REPORTING BY BUSINESS SEGMENTS - Total Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	$ 5,139,958	$ 5,188,537
Hospitality [Member]
Segment Reporting Information [Line Items]
Total assets	3,915,838	4,039,804
Entertainment [Member]
Segment Reporting Information [Line Items]
Total assets	645,385	610,663
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 578,735	$ 538,070