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the model the certainly across sector, perspective, provides the understand to I reasoning our flourishing path growth. where times are Now business and Ryman, a while these from our is at our
competitive group-focused, us with world-class customer-centered of consequence, our a see very supply. resilient, progression hotels before a in of chapter I As little new another portfolio building
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was was about. highest what which the X profitability all turn what extraordinarily Gaylord brand satisfaction achieve Now was rating. -- turns in their drives in retention, us which X-circle customer of that that's one and to only superior creates we're Great pleasing creates to brands customer
pleased performance year I'm well our ahead in of outlook as with 'XX and the of of So the this the space. particularly, course, that opportunity the our half the of with first year into in hotels as for very rest and, of 'XX this long-term and with us remains
the hotels, we RevPAR X.X% go and But let In excluding on our quarter, touch results. Gaylord there, before Rockies, the same-store year-over-year. most X.X% second me delivered growth recent total our growth RevPAR
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briefly first same-store at hotels time. a me walk let -- through first let's Now our one
delivered less nights room leading X.X% X.X% were Opryland in revenue Nashville, year. lower Corporate at RevPAR in Opryland and the and and second Now RevPAR Gaylord to quarter. association total last than banquet year-over-year growth growth food
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did this National market DC, was high-margin of total significant not the the in groups with that In banquet in Gaylord X%. RevPAR Two X% year year. up second quarter while DC was repeat RevPAR down traveled last spend
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Now RevPAR Gaylord couple growth the factors the to by RevPAR in in driven Orlando, specific This quarter. Palms X.X% of total decline a quarter. and experienced a was flat a
very conventions RevPAR, a of terms Orlando in citywide soft in June. First, experienced
market compression during transient this demand less the was there time. So of in
in as Now citywides to to blip in expected XXXX. minor higher be Orlando this in than XXXX a be appears
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towards terms Palms corporate out mix RevPAR, of of for which groups of the there it a Orlando June rotated because the last comparison our second market year, Second, was difficult quarter higher-spending one back total associations. stayed this that shifted in
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prospects hotel cycle. that's significantly point underway. is to time at bookings an lead for doing the in Now total what up stage, Orlando is as this and XXX-room expansion our the was truly well expansion in its and what neck to at is a in bookings Palms for expansion we will that these the this exciting really and Orlando. The most how the look in is due turn the when with at Texas at we neck development we And the about in volumes us overall now moment, of indication where about and bookings do Texan that's same encouraging think expansion can in are
give turning quarter, minute, periods. future nights we Now gross more million will you on for color over the just all a this and room second bookings, in X.X overall some in to Patrick produced
record up XXX,XXX from room year. it nights is from nights year's our second quarter, first quarter Now while sequentially this was down this XXX,XXX room last
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needed corporate contracts we've I should as and booking years limited supply. note start This success multiyear, windows in to of multiyear multisite much to past that also given more the but lot the come extend in booking particular, year-over-year for that had customers, more we a challenge cycles their as of secure for couple to booking the to around normalize again. customers expect also new space 'XX, contributes factor these trend 'XX in
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the the -- or We're most certainly RevPAR than relative markets. we're year, come their second is be as that quarter all during X growth also to happy total challenging share period. and our resorts also But would market what and respective in expected. increased their what our quarter also hotels' see that to of we with but through pleased better good We very this for this nice was same-store our performance RevPAR knew
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move hotel, let's Rockies. million its Gaylord our operations, the revenue. newest I on of In on million second $XX.X EBITDAre before the the of adjusted to $XX.X segments, produced other Rockies and quarter result full of Now our guidance highlight only
package benefit that the us the highlights develop of really property. this this incentive to Now allowed
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in a this months come. love to on the So hear decision to
we're and outperforming of In our short, bookings pace humming all five respective our hotels markets. lead in are healthy, along, are volumes large and very
completed recently and on to are promise Our ongoing the capital ones our tracking are do their investments delivering same.
we a every weeks Chicago. undertook Mark and virtually in were I why are we nondeal ago, meeting, different we our and a from asked Now believe peers. couple roadshow Minneapolis And
lack about like organizations course, what or metric Of fairly talk I of can as J.D. Powers for investor, us. the the that our believe of But we differentiates there's me, competitive supply assets, large about one group quality sector, say us.
pace last of expect double-digit the bookings over good years If and X%, midpoint in our at have growth have of grown we made. at certainly 'XX of compounded AFFO. ahead almost peer year, in we the based well the expect XXXX, look this X And you set. again would a we we investments AFFO if And maturing our the on you rate current look of for our through guidance strong growth back
'XX two out right 'XX Now about compounded by the AFFO consensus and growth for for rate comparison, year combined forward our X%. comes through peers average average
So is pretty our to answer investors simple.
of wise competitors returns. in its all invest more deploy years. capital bottom we to superior our we're it can would looking due to over last the capital materially you're built grow about, that it that that generates allows through years allocation. do brand relevant that's be smart sector, If its high is us high-returning in next believe, to is few the delivering have wouldn't fact several to over a and, company profitability really investment the And in if shareholders AFFO what same And this demonstrated and that we the to consumers invest community delivers that analyst than line a returns projects the course, to to value
our of that Hospitality position with we're Now guidance again midpoints in year. the a to noted, the segment our for raise for
a of For the X% X% guidance RevPAR X%. year, are growth, updating full same-store we our to range from to of X% a to range
a to from moving we're growth, to of range X% RevPAR of total a same-store the range X.X% For X.X% X.X%. to
$X terms $XXX adjusted at the by a $XXX full segment the to million $XXX increasing million at million And Hospitality million a million of of $XXX EBITDAre, million guidance for to of increasing to $XX In for midpoint same-store adjusted $X to range million also range million. we're range from $XX year EBITDAre a by our million. Rockies, from the to we're the to million range $XX midpoint $XX our of
been General the the our by portfolio. by Nashville for and programming like assets, grew City Ryman, grew Gatlinburg soon the by equally in evidenced hotel for that looking same-store at augmented are and last performance WSM of much revenue have draft the Orlando our adjusted showcase businesses in held Now Tishomingo, This increased of in on the the brand. fire, Springs, adjusted fourth let's XX% to in turn core Jackson the business quarter. member quarter, city the second in of markets for Entertainment where the was NFL well. and the you Nashville, Opry spring adjusted to new are April. XX% Nashville performing EBITDAre with tourism revenue second which the Entertainment a Wildhorse, Nashville and And if quarter they year, and year the XX%. Stage, exclude incurred engaged losses have Showboat, Red in our over our XX% here along next actively was by X% we're EBITDAre investments Ole Radio In our quarter. Opry, of At business the the benefit cruising in venues And portfolio second EBITDAre remains
Ole -- that what restaurant from apart and talk us about a important because now a And really is Red as talk to and and is about that when the we consumers. we both remember brand, our as so it that's sets venue
we to established country they venues, food to music a average they happen give we receive experience from me it let We restaurant their walk themselves performances artists. with. these Red and just some hours That relationships the with hours just country wonderful win-win artists to truly the X music our entertainment so perform is in artist different XXX these X,XXX or just through for Year-to-date do hosted too. what all relationship makes one months artists. the will Ole up-and-coming it the on That of Red know a what consumers in per do of an and is be different connect a for you base our so because locations, authentic great X authentic and with for of fans tremendous artists and across Now end community, perspectives per locations. discovered of And from in June, by over It XX newer unique we both ones. location. is setting outlet fan get existing and with into day X,XXX Ole of beverage theme to a is whenever building we're or
venture country music-focused these Television. in will relationships This we media is connections audience Now through linear content the direct venture and core with joint to quarter our announced lifestyle last both our Gray that and TV step and streaming. a and bring next unique programming fostering
we content not hours the outlet Just like channel early for and consumers in looking forward thousands of will just date we're artists own of Ole this an launch destination for to be but Red, XXXX. a and
Corporate range Entertainment growth million for million. to million. $XX million back from We're initiatives our for adjustment $XX moving by the to also million On with segment a costs at to $XX $XX midpoint range year and the to of the a from administrative range a $XX segment Entertainment the $X.X to in results, we're $XX range million range the at adjusted these of guidance midpoint guidance and modestly company's continued the of full a by million And the to range to increases million $XX EBITDAre associated for in the reflects of our raising Hospitality business, strong for million $X $XX employment supporting segments. this million
while believe evidenced our XX% for challenging by of particularly growth, AFFO have might year, all, was the in quarter all solid So our AFFO full a of relative for quarter been for we 'XX guidance broader performance line And our our second it business, growth most apart to in 'XX the industry. will the our even pace coming our further. the bottom years year, and the set us
sheet advantage flexible strong of which and maturities have pursuit to debt ahead to projects begun obtain investment capacity -- got our XX more gain component we our It's strong you will as believed financials. in us. turn a you look about that our pricing in final the give a lots will I'll high-return these we order we over balance give is that undertake the of of us revolving reload to In long to a that to we We've Mark think more going are refinancing process We've strategy color important to balance One take on on note how attractive markets, the facility. color Mark capital our under that. sheet and report. little of additional tenure, on. and allow order that, always is available
