Mark Fioravanti on hospitality industry

About Mark Fioravanti

Mark Fioravanti, president and CEO of Ryman Hospitality Properties, stated in January 2025 that the company owns five of the ten largest non-gaming convention resorts in the U.S. and is undertaking a $1 billion capital improvement plan over four years. He described supply-demand dynamics as "quite positive" in the large group space, with group business having recovered from the COVID-19 pandemic. Fioravanti noted that the company's balance sheet is in "terrific shape," with net leverage under four times and $1.5 billion in liquidity, and said all planned capital improvements can be financed from operating cash flow. He acknowledged short-term disruption from the expansions but said the long-term value creation is "quite compelling for shareholders." In September 2024, Fioravanti said business levels had returned to pre-pandemic levels for room nights sold, with third-quarter revenue up 39% and profitability up 44% compared to the same period in 2019. He reported that group bookings for 2024 were 10% ahead of the prior year and 12% ahead for 2025. Fioravanti attributed the sustainability of pricing to investments made during the pandemic, when the company deployed approximately $1.7 billion in capital across enhancements, expansions, and acquisitions. He said the pandemic reinforced the importance of bringing large groups together for culture and strategy, driving a strong return to in-person meetings.

Profile compiled from Mark Fioravanti's verified public interviews and appearances. See all quotes & transcripts →