Double-Digit Year-Over-Year Growth
The company delivered double-digit year-over-year growth across revenue, income from continuing operations, and adjusted EBITDA. Revenue for the second quarter was $116.7 million, up approximately 15% year-over-year, and adjusted EBITDA increased by nearly 50%.
Successful Strategic Acquisition
Completed the acquisition of Tabacon Thermal Resort & Spa in Costa Rica, expanding geographic and seasonal diversification. The acquisition is expected to lower the adjusted EBITDA multiple below 9x by year 3.
Raised Full Year Guidance
Based on strong demand and recent acquisition impacts, the company raised its full year adjusted EBITDA guidance by $10 million, with substantial growth expected relative to 2024.
Strong Attractions Performance
Attraction ticket revenue reached $53.2 million, reflecting a 22% year-over-year increase driven by higher ticket prices and increased visitors. Same-store constant currency effective ticket pricing grew by 11% compared to 2024.
Positive Market Indicators
Room booking pace for 2025 is up 6% year-over-year in the U.S. and 25% in Canada, indicating strong perennial demand across locations.