Pursuit Attractions & Hospitality, Inc. (NYSE: PRSU)

Pursuit Attractions & Hospitality, Inc. is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences in iconic destinations in the United States Canada Iceland and Costa Rica. The company delivers elevated hospitality experiences through 17 world-class point-of-interest attractions and 29 distinctive lodges along with integrated restaurants retail and transportation services that enable visitors to discover and connect with stunning national parks and renowned global travel locations. Following the sale of its GES Business on December 31 2024 the company relaunched as a standalone attractions and hospitality entity with a singular focus on delivering memorable experiences in key tourist destinations.

The company generates revenue primarily through its attractions hospitality and transportation lines of business. Attractions revenue includes ticket sales and ancillary revenue from food beverage and retail operations at each attraction site. Hospitality revenue consists of rooms revenue from its lodges along with food beverage and retail sales generated at hospitality properties. Transportation revenue arises from shuttle and transfer services that move visitors between locations. Additional revenue is categorized as Other and includes minor streams not attributable to the core lines of business. The company serves leisure travelers seeking immersive experiences in natural and cultural landmarks across its operating regions.

The company operates through the following segments: Attractions Hospitality and Transportation.

• The Attractions segment owns and operates 17 world-class point-of-interest attractions in iconic destinations including national parks and globally recognized travel locations. These attractions generate revenue from ticket sales and ancillary spending on food beverage and retail by visitors. Key performance indicators for this segment include number of visitors revenue per attraction visitor and effective ticket price.

• The Hospitality segment manages 29 distinctive lodges that provide accommodation and integrated guest experiences. Revenue is derived from rooms sales and ancillary hospitality services such as food beverage and retail. Performance is measured using Revenue per Available Room Average Daily Rate and Occupancy metrics.

• The Transportation segment provides visitor transfer and shuttle services that connect attractions lodges and other points of interest within the company’s destinations. Revenue is generated from fares charged for these transportation services supporting the overall visitor experience ecosystem.

Pursuit Attractions & Hospitality Inc. operates in the competitive tourism and experience economy where it differentiates itself through its portfolio of high-quality attractions and lodges in premier destinations. The company competes with other operators of national park attractions hospitality chains and tour providers in the regions where it operates. Its competitive advantages include its focus on delivering unforgettable experiences its integrated model of attractions hospitality and transportation and its presence in iconic locations such as Banff Jasper Glacier Park and Costa Rica. The company benefits from strong guest demand and its ability to capture visitor spending across multiple touchpoints during a single trip.

The company serves leisure travelers including individuals families and tour groups visiting national parks and renowned travel destinations in the United States Canada Iceland and Costa Rica. Customers are primarily drawn from domestic and international tourists seeking access to natural wonders cultural landmarks and premium hospitality experiences. Specific customer names are not disclosed in the filing but the base consists of visitors to its attractions and guests at its lodges across all operating regions.