Pursuit Attractions & Hospitality, Inc. reported significant financial growth in its latest quarterly filing, with total revenue reaching $241.0 million for the three months ended September 30, 2025, a 32.2% increase from $182.3 million in the same period last year. For the nine months ended September 30, 2025, revenue also rose to $395.3 million, up 23.3% from $320.7 million in the prior year. The company attributed this growth to increased visitor numbers and higher revenue per visitor across its attractions and hospitality segments, alongside contributions from recent acquisitions.
The company’s net income for the third quarter was $85.1 million, compared to $55.9 million in the same quarter of 2024, marking a 52.3% increase. Net income attributable to Pursuit was $73.9 million, or $2.60 per diluted share, up from $48.6 million, or $1.65 per diluted share, in the prior year. The increase in profitability was driven by a combination of higher revenues and improved operational efficiencies, despite a rise in operating expenses due to increased transaction volumes and inflationary pressures.
Pursuit's strategic developments included the acquisition of Tabacón Thermal Resort & Spa in Costa Rica for approximately $108.3 million, which was finalized on July 1, 2025. This acquisition is expected to enhance the company’s geographic footprint and diversify its revenue streams, as Tabacón is anticipated to generate revenue more evenly throughout the year compared to seasonal peaks in other operations. Additionally, the company completed the sale of its GES Business in December 2024, allowing it to focus solely on its attractions and hospitality operations.
Operationally, Pursuit reported a 21.9% increase in visitor numbers to its attractions during the third quarter, contributing to a 32.6% rise in attractions revenue. The hospitality segment also saw a 33.7% increase in revenue, driven by a 35.0% rise in Revenue per Available Room (RevPAR). The company’s total assets increased to $996.8 million as of September 30, 2025, up from $845.0 million at the end of 2024, reflecting the impact of recent acquisitions and operational growth.
Looking ahead, Pursuit expects to continue leveraging its recent acquisitions and operational improvements to drive further growth. The company plans to invest approximately $71 million to $76 million in capital expenditures for 2025, focusing on growth projects and property enhancements. With a strong liquidity position, including $33.8 million in cash and $240.6 million available under its revolving credit facility, Pursuit is well-positioned to pursue additional growth opportunities while managing its operational and financial commitments.
About Pursuit Attractions & Hospitality, Inc.
Pursuit Attractions and Hospitality, Inc. is a global provider of attractions, hotels, and travel experiences in iconic destinations. Its offerings include scenic tours, adventure activities, and hospitality services in national parks and renowned locations. The company focuses on delivering memorable guest experiences, leveraging distinctive assets, and strategic growth through refresh, build, and buy initiatives in North America and international markets.
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