Ryman Hospitality Properties Inc Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst : I apologize, I have a couple of questions. Feel free to give us short answers. Just a clarification on the cancelation and the attrition fees. Are they recognized when they're actually paid or are they -- when it occurs in the actual quarter, I'm trying to see what sort of lag we're dealing with and kind of the anticipation for the third quarter? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 02, 2022 / 2:00PM, RHP.N - Q2 2022 Ryman Hospitality Properties Inc Earnings Call

Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst : So it's possible you could double book, right? You could double dip and resell the rooms? Is there some of that that goes on?

Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst : Patrick, I'm going to stay with you. Just help me understand whether we should be really excited about the fact that the 601,000 rooms that we booked in the second quarter is terrific and the headline 15% up from '19 sounds terrific. But if these rooms are all booked for 2024 or 2025, I don't know that, that 15% keeps up with inflation. So help us understand about how we should feel about that number there.

Question: William Andrew Crow - Raymond James & Associates, Inc., Research Division - Analyst : Yes. No, I appreciate that. And Colin, maybe for you, my last question, just on the Entertainment side. Tours are normalizing, I guess. I don't remember, in all the years that we've covered you, you've talked about touring impacting your ticket sales at the Opry. I'm just -- this is something new, at least that I am hearing and I'm just curious whether there's maybe so many downtown options, is that also impacting demand?