• Ryman Hospitality Properties average operating margin for 2023 was 21.32%, a 82.53% decline from 2022.
• Ryman Hospitality Properties average operating margin for 2022 was 11.68%, a 121.12% increase from 2021.
• Ryman Hospitality Properties average operating margin for 2021 was -55.3%, a 244.76% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.