2. REVENUES:

Revenues from occupied hotel rooms are recognized over time as the daily hotel stay is provided to hotel groups and guests. Revenues from concessions, food and beverage sales, and group meeting services are recognized over the period or at the point in time those goods or services are delivered to the hotel group or guest. Revenues from ancillary services at the Company’s hotels, such as spa, parking, and transportation services, are generally recognized at the time the goods or services are provided. Cancellation fees and attrition fees, which are charged to groups when they do not fulfill the minimum number of room nights or minimum food and beverage spending requirements originally contracted for, are recognized as revenue in the period the Company determines it is probable that a significant reversal in the amount of revenue recognized will not occur, which is the period these fees are collected. The Company generally recognizes revenues from the Entertainment segment at the point in time that services are provided or goods are delivered or shipped to the customer, as applicable. Almost all of the Company’s revenues are either cash-based or, for meeting and convention groups who meet the Company’s credit criteria, billed and collected on a short-term receivables basis. The Company is required to collect certain taxes from customers on behalf of government agencies and remit these to the applicable governmental entity on a periodic basis. These taxes are collected from customers at the time of purchase, but are not included in revenue. The Company records a liability upon collection of such taxes from the customer and relieves the liability when payments are remitted to the applicable governmental agency.

The Company’s revenues disaggregated by major source are as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Hotel group rooms	$	89,329	$	80,488	$	172,546	$	161,364
Hotel transient rooms		32,416		30,186		56,763		52,679
Hotel food and beverage—banquets		101,719		90,342		197,987		181,542
Hotel food and beverage—outlets		39,334		38,099		76,005		73,068
Hotel other		28,958		24,258		53,566		48,874
Entertainment admissions/ticketing		21,207		18,678		32,067		28,298
Entertainment food and beverage		11,813		8,394		18,394		14,518
Entertainment retail and other		9,158		8,333		14,976		14,477

Total revenues	$	333,934	$	298,778	$	622,304	$	574,820

The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Gaylord Opryland	$	94,915	$	80,260	$	177,660	$	155,222
Gaylord Palms		50,274		48,184		108,170		102,381
Gaylord Texan		58,611		52,772		116,968		109,517
Gaylord National		79,687		73,995		140,443		136,452
AC Hotel		3,511		3,679		5,882		6,138
Inn at Opryland and other		4,758		4,483		7,744		7,817

Total Hospitality segment revenues	$	291,756	$	263,373	$	556,867	$	517,527

Almost all of the Company’s Entertainment segment revenues are concentrated in Nashville, Tennessee.

The Company records deferred revenues when cash payments are received in advance of its performance obligations, primarily related to advanced deposits on hotel rooms in its Hospitality segment and advanced ticketing in its Entertainment segment. At June 30, 2018 and December 31, 2017, the Company had $54.5 million and $51.2 million, respectively, in deferred revenues, which are included in accounts payable and accrued liabilities in the accompanying condensed consolidated balance sheets. Of the amount outstanding at December 31, 2017, approximately $41.4 million was recognized in revenue during the six months ended June 30, 2018.