Key Highlights

  • Earnings per diluted share attributable to Pursuit came to USD 2.95 this quarter, compared with USD 2.60 a year ago, on Net Income of USD 82.8 million.
  • Sales grew 4.4% to USD 251.5 million, with hospitality rising 5.7% to USD 111.8 million and attractions edging up 1.5% to USD 130.8 million.
  • Reported attraction visitors fell 14.1% to 1.70 million, yet the same-store decline was just 2.4%, and same-store Revenue per visitor advanced 9.3%.
  • The Flyover Attractions were sold for roughly USD 75.0 million in cash on July 31, 2026, while Eagle Wing Tours was bought for CAD 23.9 million.

Price Increases Cushion a Smaller Visitor Base

Pursuit Attractions and Hospitality (NYSE:PRSU) submitted its Quarterly Report on November 4, 2026, for the period ended September 30. Total revenue reached USD 251.5 million, compared with USD 241.0 million a year earlier. The reported visitor drop mostly stems from selling Flyover Attractions, which had brought in USD 8.1 million during August and September 2025. Excluding that effect, effective ticket prices rose 9.1% and ticket revenue grew 6.4%, even with visitors down 2.4%. Management linked the pricing approach to its emphasis on guest experience, and the visitor decline to weather. Nine-month revenue increased 10.5% to USD 436.7 million, aided by Tabacón in Costa Rica, acquired in July 2025, while Eagle Wing, a Vancouver Island whale watching company, contributed USD 3.4 million of attraction revenue.

Lodges Fill at Higher Rates as Costs Stay Contained

Pursuit runs attractions and lodges in national parks and other destinations spanning the United States, Canada, Iceland and Costa Rica. Comparable-property RevPAR climbed 9.1% to USD 308.09, occupancy reached 92.3%, and average daily rate climbed 6.5% to USD 333.79. Hospitality revenue rose 6.7% on a same-store basis. Spending on operations rose just 0.7% to USD 84.7 million, while SG&A slipped 3.9% to USD 19.2 million, and Depreciation declined 15.0%. Net income came to USD 90.7 million before USD 7.9 million attributable to noncontrolling interests. Income tax expense climbed to USD 22.2 million, an effective rate of 19.7%, which the filing partly ties to the tax effects of the Flyover sale.

Liquidity, Repurchases and a Heavily Seasonal Year

Cash that is not restricted climbed from USD 31.1 million at the end of 2025 to USD 64.3 million, and total Liquidity stood at USD 293.0 million, which includes USD 228.7 million of revolver availability after USD 67.6 million of borrowings. Operating cash from continuing operations totaled USD 82.7 million across nine months, versus USD 99.8 million before. Buybacks were absent this quarter, and USD 32.7 million was repurchased across nine months, leaving about USD 57.1 million of the USD 100.0 million authorization. Net interest expense fell 28.9% to USD 2.0 million, and 2026 Capital spending is planned between USD 103 million and USD 114 million. Business is seasonal, with 79% of 2025 revenue arriving in the second and third quarters, and weather has been a drag on visitors.

Where Things Stand

Higher prices, strong lodge Demand and cost control drove the result. Reported visitors fell 14.1%, mostly due to the Flyover sale, whereas same-store visitors slipped just 2.4% and spending per guest moved higher. Pursuit Attractions and Hospitality (NYSE:PRSU) posted USD 2.95 per diluted share, while nine-month diluted EPS came to USD 2.61 against USD 1.70. Watch the full-year result given the seasonal skew, Eagle Wing integration, any return to buybacks and capital spending progress.