Pursuit Attractions & Hospitality Reports 15.4% Revenue Growth to $116.7 Million in Q2 2025

Pursuit Attractions & Hospitality, Inc. reported a total revenue of $116.7 million for the three months ended June 30, 2025, marking a 15.4% increase from $101.2 million in the same period last year. The company’s revenue for the first half of 2025 also rose to $154.3 million, up 11.5% from $138.4 million in the first half of 2024. The increase in revenue was primarily driven by a 20.5% rise in attractions revenue, which reached $68.0 million, attributed to a 7.7% increase in visitor numbers and higher revenue per visitor. Hospitality revenue also saw a 9.7% increase, totaling $44.5 million, largely due to improved revenue management strategies.

In terms of profitability, Pursuit reported a net income of $5.6 million for the second quarter of 2025, compared to $29.3 million in the same quarter of 2024. The decline in net income was influenced by a significant drop in income from discontinued operations, which fell to $1.1 million from $29.7 million year-over-year. The company’s loss from continuing operations for the first half of 2025 was $26.5 million, a notable improvement from a loss of $29.2 million in the same period of 2024. The diluted earnings per share for the second quarter was $0.20, compared to $0.98 in the prior year.

Pursuit has undergone significant strategic changes, including the completion of the sale of its GES Business in December 2024, which allowed the company to refocus on its core attractions and hospitality operations. The company also acquired the Jasper SkyTram attraction for approximately $16.5 million in December 2024, contributing to its revenue growth. Additionally, Pursuit announced the acquisition of Tabacón Thermal Resort & Spa in Costa Rica for $111 million, funded primarily through its revolving credit facility, further expanding its geographic footprint.

Operationally, Pursuit reported a total of 1.1 million visitors across its attractions in the second quarter, reflecting a 7.7% increase compared to the previous year. The company’s effective ticket price increased by 13.1% to $46.87, indicating improved pricing strategies. In the hospitality segment, the revenue per available room (RevPAR) rose by 9.0% to $163.11, driven by increased occupancy rates and higher average daily rates. The company’s total assets increased to $893.1 million as of June 30, 2025, up from $845.0 million at the end of 2024, while total liabilities also rose to $271.0 million from $228.3 million.

Looking ahead, Pursuit anticipates continued growth driven by its strategic acquisitions and operational improvements. The company plans to invest between $71 million and $76 million in capital expenditures for 2025, focusing on growth projects and enhancements to existing properties. Despite the challenges posed by market conditions and competition, Pursuit remains optimistic about its ability to deliver memorable experiences and achieve its financial goals in the coming quarters.