Wednesday, February 10, 2010

Gaylord Entertainment Co. Reports Fourth Quarter and Full Year 2009 Results

Detailed Gaylord earnings info here.

- Gaylord Hotels Total RevPAR declined only 0.8 percent in the Fourth Quarter of 2009 –
- Net Advance Group Bookings increased 8.7 percent in the Fourth Quarter of 2009 Underscoring Strength of Brand and Customer Loyalty -
Gaylord Palms posted revenue of $41.7 million in the fourth quarter of 2009, a 3.0 percent decrease compared to $43.0 million in the prior-year quarter driven primarily by a decrease in occupancy. Full year 2009 revenue of $157.2 million represented a 13.0 percent decrease compared to $180.8 million in 2008. Occupancy for the quarter was down 4.6 percentage points compared to the prior-year quarter, and was down 10.3 percentage points for the full year. 


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