Patrick Moore on festival business
From Ryman Hospitality Properties (RHP) - Executive Chairman Colin Reed, CEO (Opry) Patrick Moore · · GabelliTV
“We are exploring growth opportunities in the festival business through organic development and selective acquisitions, leveraging our customer relationship management system to cross-promote across venues and festivals.”
On , Patrick Moore, Chief Executive Officer of Opry Entertainment Group at RYMAN HOSPITALITY PPTYS INC, spoke about festival business during Ryman Hospitality Properties (RHP) - Executive Chairman Colin Reed, CEO (Opry) Patrick Moore on GabelliTV.
About Patrick Moore
Patrick Moore, CEO of Opry Entertainment Group (OEG) at Ryman Hospitality Properties, discussed the company's growth strategy and performance in mid-2025. He described OEG as a live entertainment company focused on country music and lifestyle fans, noting it has grown at a 17% adjusted EBIT CAGR over seven years. Moore stated that the company is exploring organic development of new festivals and selective acquisitions, citing the Southern Entertainment acquisition as a platform play that added both festivals and operational expertise. He also mentioned the company's customer relationship management system as a tool to cross-promote across venues and acquired businesses. In a September 2024 interview, Moore said the company was seeing broad-based spending across its hotel and entertainment businesses, with group business revenue 39% above the third quarter of 2019 and profitability up 44%. He attributed the return of corporate bookings to the post-pandemic realization that bringing large groups together is important for culture and strategy. Moore noted that Ryman deployed approximately $1.7 billion in capital since 2020 for enhancements, expansions, and acquisitions, and that higher prices were driving returns, which he said were sustainable due to product and experience improvements.