Pursuit Attractions and Hospitality, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsPursuit Attractions and Hospitality is a global attractions and hospitality operator running sightseeing attractions, lodges, and food, retail and transportation offerings in iconic destinations across the U.S., Canada, Iceland and Costa Rica.
What they do
Pursuit owns and operates 17 point-of-interest sightseeing attractions and 29 distinctive lodges, managed as a single operating segment and marketed as geographic 'collections'. These include the Banff Jasper Collection (lake cruises, Banff Gondola, Columbia Icefield, Golden SkyBridge, Jasper SkyTram), the Alaska Collection (wildlife and glacier cruises, Denali and Kenai Fjords lodging), the Glacier Park Collection, Flyover immersive flight attractions, Sky Lagoon in Iceland, and Tabacón thermal resort in Costa Rica. Each collection bundles attractions with lodging plus integrated food and beverage, retail and transportation.
Revenue drivers
- Banff Jasper Collection — Canadian Rockies attractions and lodging, including Banff Gondola, Columbia Icefield Adventure and Skywalk, Jasper SkyTram and Golden SkyBridge, plus hotels, culinary and retail in Banff, Jasper and Waterton Lakes.
- Alaska Collection — Wildlife viewing, whale watching and glacier cruises plus lodging in and around Denali and Kenai Fjords National Parks and Talkeetna, with culinary and retail offerings.
- Glacier Park Collection — Guided fishing and river rafting plus lodging ranging from historic Great Northern Railroad lodges to tiny homes, glamping cabins, an RV campground and motels near Glacier National Park.
- Sky Lagoon and Tabacón — Sky Lagoon is an oceanfront geothermal lagoon in Kársnes Harbour, Iceland, with the Skjól Ritual; Tabacón is a 570-acre Costa Rica eco-luxury resort with 105 rooms, a spa and two thermal river attractions, acquired July 1, 2025.
Recent performance
Second quarter 2026 revenue was a record $133.5 million, up 14.3% year over year, driven primarily by Tabacón (acquired July 2025) and growth across existing geographies. Net income attributable to Pursuit was $15.2 million versus $5.6 million in second quarter 2025, and adjusted net income was $14.0 million ($0.50 per share) versus $10.1 million ($0.36 per share). Adjusted EBITDA rose $3.0 million year over year to $32.7 million. On a same-store basis, RevPAR grew 10% and effective ticket prices grew 6%, while attraction visitation was hurt by a higher portion of poor weather days. Full year 2025 revenue was $452.4 million with net income of $22.7 million and operating cash flow of $86.2 million.
Strategy
Pursuit is repositioned as a pure-play attractions and hospitality company following the 2024 sale of the GES Business to Truelink Capital for $535 million and the relaunch as Pursuit. It is selling all Flyover attractions to Brogent Technologies for approximately $78.4 million in cash, a deal announced January 21, 2026 and subsequently amended, calling Flyover non-core. Growth is directed at acquisitions of experiential assets in iconic destinations, exemplified by Tabacón and the recent Eagle Wing Tours acquisition expanding into the Vancouver Island market. The company is also investing organically, breaking ground on three new premium villas at Tabacón. Balance sheet capacity comes from a $300 million revolving credit facility maturing September 25, 2030.
Risks
- Seasonality and peak-period disruption — The vast majority of revenue is earned in the second and third quarters, so adverse events in those months disproportionately affect results.
- Wildfire and natural disaster exposure — The July 22, 2024 closure and evacuation of Jasper National Park and the loss of the Maligne Canyon Wilderness Kitchen show how fire can hit properties and visitation.
- Economic and consumer spending sensitivity — Leisure travel demand can decline with recession, inflation, tariffs, interest rates or geopolitical uncertainty, and consumers may shift to lower-cost alternatives.
- Acquisition and disposition execution — Results depend on integrating acquired assets such as Tabacón and Eagle Wing Tours and on completing the amended Flyover sale to Brogent on expected terms.
Outlook
Management increased full year Adjusted EBITDA guidance by $5 million to reflect incremental contributions from the Eagle Wing Tours acquisition, Flyover results prior to the completed sale, and updated exchange rate assumptions. It cited strong advance bookings heading into peak season and confidence in the growth outlook for the balance of the year. The company is advancing transformational organic growth projects across the portfolio, including the Tabacón villas.