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REVENUES

3 Months Ended

Mar. 31, 2025

REVENUES.

REVENUES

2. REVENUES:

The Company’s revenues disaggregated by major source are as follows (in thousands):

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
​		2025			2024
Hotel group rooms	​	$	144,574	​	$	131,401
Hotel transient rooms		​	44,658			42,232
Hotel food and beverage - banquets		​	186,969			175,450
Hotel food and beverage - outlets		​	66,294			59,633
Hotel other		​	55,235			52,754
Entertainment admissions/ticketing		​	25,551	​	​	22,566
Entertainment food and beverage		​	35,184	​	​	25,270
Entertainment retail and other		​	28,815	​	​	19,039
Total revenues		$	587,280		$	528,345

​

The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands):

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
​		2025			2024
Gaylord Opryland		$	110,178	​	$	103,835
Gaylord Palms		​	88,393	​		85,463
Gaylord Texan		​	86,377	​		84,902
Gaylord National		​	80,829	​		68,274
Gaylord Rockies	​	​	70,948	​	​	63,822
JW Marriott Hill Country	​	​	55,276	​	​	49,941
AC Hotel		​	2,698	​		2,822
Inn at Opryland and other		​	3,031	​		2,411
Total Hospitality segment revenues	​	$	497,730	​	$	461,470

​

The majority of the Company’s Entertainment segment revenues are concentrated in Nashville, Tennessee; Las Vegas, Nevada; and Austin, Texas.

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 March 31, 2025 and December 31, 2024, the Company had $226.3 million and $173.0 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, 2024, approximately $95.8 million was recognized in revenue during the three months ended March 31, 2025.

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- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

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