NASHVILLE, Tenn., December 2, 2008 - Gaylord Entertainment Co. (NYSE: GET) today reported its operating results for October 2008 and preliminary revenue results for November. During this two month reporting period the Company's hotels experienced group attendance below prior year volumes while transient volumes were higher than the prior year.

    --  For the month of October, same-store total hospitality revenue declined
        a modest 1.2 percent from the same month last year, to $61.0 million.
    --  Same-store hospitality segment Consolidated Cash Flow(1) ("CCF") for
        October 2008 also declined from the same period last year to $21.0
        million, down 1.6 percent. October operating income for the same-store
        hospitality segment was $14.4 million.
    --  Gaylord National total revenues for October 2008 were $22.8 million with
        occupancy of 70.4 percent. Gaylord National reported CCF of $6.0 million
        for the month of October 2008. Operating income for the month was $3.1
        million.
    --  Preliminary results for November 2008 indicate that same-store total
        hospitality revenue declined 5.4 percent from the same period last year
        to $54.9 million.
    --  Preliminary November total revenue results for Gaylord National were
        $16.2 million.

October and November performance is consistent with the expectations reflected in the guidance previously provided on the Company's November 5th earnings call. Gaylord Entertainment will continue to provide periodic financial performance updates as changes in business conditions warrant.

ABOUT GAYLORD ENTERTAINMENT
Gaylord Entertainment (NYSE: GET), a leading hospitality and entertainment company based in Nashville, Tenn., owns and operates Gaylord Hotels (www.gaylordhotels.com), its network of upscale, meetings-focused resorts, and the Grand Ole Opry (www.opry.com), the weekly showcase of country music's finest performers for more than 80 consecutive years. The Company's entertainment brands and properties include the Radisson Hotel Opryland, Ryman Auditorium, General Jackson Showboat, Gaylord Springs Golf Links, Wildhorse Saloon, and WSM-AM. For more information about the Company, visit www.GaylordEntertainment.com.

This press release contains statements as to the Company's beliefs and expectations of the outcome of future events that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include the risks and uncertainties associated with economic conditions affecting the hospitality business generally, the timing of the opening of new hotel facilities, increased costs and other risks associated with building and developing new hotel facilities, the geographic concentration of our hotel properties, business levels at the Company's hotels, our ability to successfully operate our hotels and our ability to obtain financing for new developments. Other factors that could cause operating and financial results to differ are described in the filings made from time to time by the Company with the Securities and Exchange Commission and include the risk factors described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2007. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.

1Consolidated Cash Flow ("CCF") (which is used in this release as that term is defined in the Indentures governing the Company's 8 percent and 6.75 percent senior notes) is a non-GAAP financial measure which excludes the impact of depreciation and amortization, pre-opening costs, impairment charges, the non-cash portion of the Florida ground lease expense, stock option expense, the non-cash gains and losses on the termination of certain interest rate swaps and the disposal of certain fixed assets and our investment in Bass Pro, and adds (subtracts) other gains (losses). The Consolidated Cash Flow measure is one of the principal tools used by management in evaluating the operating performance of the Company's business and represents the method by which the Indentures calculate whether or not the Company can incur additional indebtedness (for instance in order to incur certain additional indebtedness, Consolidated Cash Flow for the Company on a consolidated basis for the most recent four fiscal quarters as a ratio to debt service must be at least 2 to 1). The items applicable to the calculation of hospitality segment CCF for the periods presented as well as a reconciliation of hospitality segment CCF to segment operating income is included as part of the Supplemental Financial Results contained in this press release.

GAYLORD ENTERTAINMENT COMPANY HOSPITALITY SEGMENT

SUPPLEMENTAL FINANCIAL RESULTS

Unaudited

(in thousands, except operating metrics)

Consolidated Cash Flow ("CCF")     One Month Ended Oct. 31,
reconciliation:

                                   2008                 2007

                                   $           Margin   $           Margin

Hospitality segment

Revenue                            $ 83,810    100.0 %  $ 61,821    100.0 %

Operating income                     17,511    20.9  %    13,145    21.3  %

Depreciation & amortization          8,890     10.6  %    5,446     8.8   %

Pre-opening costs                    -         0.0   %    2,228     3.6   %

Other non-cash expenses              510       0.6   %    521       0.8   %

Stock option expense                 167       0.2   %    128       0.2   %

Other gains and (losses), net        6         0.0   %    (66    )  -0.1  %

(Gains) losses on sales of assets    (6     )  0.0   %    -         0.0   %

CCF                                $ 27,078    32.3  %  $ 21,402    34.6  %

Gaylord National

Revenue                            $ 22,761

Operating income                     3,106

Depreciation & amortization          2,899

Stock option expense                 24

CCF                                $ 6,029

Same Store

Revenue                            $ 61,049

Operating income                     14,405

Depreciation & amortization          5,991

Other non-cash expenses              510

Stock option expense                 143

Other gains and (losses), net        6

Losses on sales of assets            (6     )

CCF                                $ 21,049