• Ryman Hospitality Properties average gross margin for 2023 was 33.13%, a 12.12% increase from 2022.
• Ryman Hospitality Properties average gross margin for 2022 was 29.55%, a 1449.32% increase from 2021.
• Ryman Hospitality Properties average gross margin for 2021 was -2.19%, a 114.02% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.