Revenue during the quarter grew 5.56 percent to $276.04 million from $261.50 million in the previous year period.

Cost of revenue went up marginally by 2.63 percent or $4.53 million during the quarter to $176.79 million. Gross margin for the quarter expanded 183 basis points over the previous year period to 35.96 percent.

Total expenses were $228.98 million for the quarter, up 2.82 percent or $6.28 million from year-ago period. Operating margin for the quarter expanded 221 basis points over the previous year period to 17.05 percent.

Operating income for the quarter was $47.06 million, compared with $38.79 million in the previous year period. However, the adjusted EBITDA for the quarter stood at $80.56 million compared with $73.42 million in the prior year period. At the same time, adjusted EBITDA margin improved 111 basis points in the quarter to 29.18 percent from 28.08 percent in the last year period.

Occupancy revenue was $103.37 million for the quarter, up 6.60 percent or $6.40 million. Food and beverage revenue was $126.17 million during the quarter, up 3.22 percent or $3.94 million from year-ago period. Revenue from other hotel operating activities was $24.62 million for the quarter, down 1.49 percent or $0.37 million from year-ago period.

Other income during the quarter was $21.89 million, up 26.48 percent or $4.58 million from year-ago period.

Colin Reed, chairman and chief executive officer of Ryman Hospitality Properties, said, "Our businesses delivered a solid start to the year that was in line with our expectations. We are delighted with our year-over-year RevPAR and Total RevPAR growth, which our hotels translated into strong bottom-line performance in the first quarter of 2017 through effective margin management. "Bookings for all future periods in first quarter 2017 were also strong and represented first quarter production levels that were well above our historical average. This production continues to set us up nicely for 2018 and beyond as we begin to reap the benefits of the investments we are making to further increase our competitive advantage"

Receivables move up marginally
Net receivables were at $219.44 million as on Mar. 31, 2017, up 2.70 percent or $5.77 million from year-ago.

Investments stood at $87.24 million as on Mar. 31, 2017.

Total assets grew 3.43 percent or $80.39 million to $2,423.81 million on Mar. 31, 2017. On the other hand, total liabilities were at $2,066.33 million as on Mar. 31, 2017, up 3.26 percent or $65.20 million from year-ago.

Return on assets moved up 19 basis points to 2 percent in the quarter. At the same time, return on equity moved up 143 basis points to 9.12 percent in the quarter.