Economic Downturn and Group Business Vulnerability: RHP's revenue significantly relies on corporate group and convention business, making it highly susceptible to economic downturns, corporate budget cuts for travel, and reduced discretionary spending, which could lead to lower occupancy and average daily rates across its hotel portfolio.

Intense Competition for Group and Leisure Markets: The hospitality and entertainment industries are highly competitive, with numerous hotels, convention centers, and entertainment venues vying for the same customers, potentially leading to pricing pressures, increased marketing costs, and difficulty in securing high-value bookings.

Impact of Public Health Crises and Major Disruptions: Future pandemics, natural disasters, terrorism, or other significant events that deter travel and large gatherings could severely impact demand for RHP's hotels and entertainment venues, leading to widespread cancellations and reduced operational capacity.