Revenue and Related Contract Costs and Contract Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Summary of Changes in Contract Liabilities

Changes to contract liabilities are as follows:

(in thousands)
Balance at December 31, 2021	$	39,662
Cash additions		158,567
Revenue recognized		(151,408	)
Foreign exchange translation adjustment		(2,064	)
Balance at December 31, 2022		44,757
Cash additions		229,688
Revenue recognized		(222,379	)
Foreign exchange translation adjustment		1,256
Balance at December 31, 2023	$	53,322

Summary of Changes in Contract Costs

Changes to contract costs are as follows:

(in thousands)
Balance at December 31, 2021	$	13,790
Additions		62,038
Expenses		(58,561	)
Foreign exchange translation adjustment		(699	)
Balance at December 31, 2022		16,568
Additions		72,990
Expenses		(67,866	)
Foreign exchange translation adjustment		282
Balance at December 31, 2023	$	21,974

Disaggregate Pursuit and GES Revenue by Major Product Line Timing of Revenue Recognition and Markets Served

The following tables disaggregate Pursuit and GES revenue by major service and product lines, timing of revenue recognition, and markets served:

Pursuit

	Year Ended December 31,
(in thousands)	2023		2022		2021
Services:
Ticket revenue	$	143,362	$	114,936	$	61,166
Rooms revenue		85,942		77,019		57,603
Transportation		13,440		12,460		5,591
Other		15,920		14,143		8,564
Total services revenue		258,664		218,558		132,924
Products:
Food and beverage		55,044		47,275		28,953
Retail operations		36,577		33,494		25,171
Total products revenue		91,621		80,769		54,124
Total revenue	$	350,285	$	299,327	$	187,048
Timing of revenue recognition:
Services transferred over time	$	258,664	$	218,558	$	132,924
Products transferred at a point in time		91,621		80,769		54,124
Total revenue	$	350,285	$	299,327	$	187,048
Markets:
Banff Jasper Collection	$	183,709	$	152,863	$	82,728
Alaska Collection		40,014		39,434		37,344
Glacier Park Collection		60,104		57,760		45,276
FlyOver		29,626		24,445		10,693
Sky Lagoon		36,832		24,825		11,007
Total revenue	$	350,285	$	299,327	$	187,048

GES

	Year Ended December 31,
(in thousands)	2023			2022			2021
Service lines:
Spiro	$	283,171		$	277,641		$	116,587
GES Exhibitions		614,418			557,880			209,529
Intersegment eliminations		(9,194	)		(7,537	)		(5,824	)
Total revenue	$	888,395		$	827,984		$	320,292
Timing of revenue recognition:
Services transferred over time	$	747,562		$	693,482		$	268,218
Products transferred over time(1)		58,511			51,134			18,551
Products transferred at a point in time		82,322			83,368			33,523
Total revenue	$	888,395		$	827,984		$	320,292
Geographical markets:
North America	$	687,324		$	675,628		$	243,983
EMEA		235,211			176,086			82,242
Intersegment eliminations		(34,140	)		(23,730	)		(5,933	)
Total revenue	$	888,395		$	827,984		$	320,292

(1)GES’ graphics product revenue is earned over time over the duration of an event as it is considered a part of the single performance obligation satisfied over time.