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Lindblad Expeditions Holdings, Inc. reported 2024 first quarter financial results with total revenue increasing by 7% to $153.6 million. The company also announced the acquisition of Wineland-Thomson Adventures, Inc. Lindblad segment available guest nights increased by 3%, net yield per available guest night increased by 1% to $1,219, and strong reservations for future travel were noted. The acquisition of Wineland-Thompson Adventures and increased ownership interests in Natural Habitat and DuVine Cycling were also highlighted. Despite a net loss of $5.1 million, the company remains optimistic about driving higher returns and shareholder value. The Company's financial outlook for 2024 includes projected tour revenues of $610 - $630 million and adjusted EBITDA of $88 - $98 million.
Lindblad Expeditions Holdings, Inc. announced the acquisition of Wineland-Thomson Adventures, Inc., broadening its footprint and diversifying its high-quality adventure travel offerings. The acquisition includes Thomson Safaris and Gibb's Farm lodge, enhancing Lindblad's presence in East Africa. The company aims to inspire, educate, and preserve natural wonders while expanding its audience and enriching guest experiences. The acquisition is part of Lindblad's strategic growth plan to capitalize on the increasing demand for authentic adventure travel and safaris.
