Welcome to our dedicated page for Lindblad Expeditions Holdings news (Ticker: LIND), a resource for investors and traders seeking the latest updates and insights on Lindblad Expeditions Holdings stock.
Lindblad Expeditions Holdings Inc. Common Stock (NASDAQ: LIND) serves as a global leader in the expedition cruising and adventure travel industry. Founded in 1958 by Lars-Eric Lindblad, considered the father of eco travel, the company has been pioneering sustainable and immersive travel experiences ever since. In 2004, Lindblad Expeditions forged a groundbreaking alliance with National Geographic, with a shared mission to inspire people to explore and care about the planet through expedition travel.
Today, the company operates a fleet of 10 ships, including the highly regarded 148-guest National Geographic Explorer and the 106-guest National Geographic Orion. These ships are equipped with sophisticated exploration tools, offering unique and immersive expeditions that feature up-close encounters with wildlife, nature, history, and culture. The company operates in two main segments: Lindblad and Land Experiences, with the Lindblad segment generating the majority of the revenue.
Recent achievements include a notable new series of gastronomic expeditions co-created with FOOD & WINE, exploring the Columbia and Snake Rivers. This collaboration emphasizes locally sourced ingredients and regional varietals, offering a culinary journey through the Pacific Northwest's historical and natural landscapes. Another significant milestone is the long-term extension of Lindblad's strategic relationship with National Geographic, expanding their partnership through 2040, and leveraging The Walt Disney Company's sales channels for broader distribution.
Financially, Lindblad Expeditions continues to demonstrate robust growth. As of the third quarter of 2023, the company reported tour revenues of $176.0 million, a 22% increase compared to the same period in 2022. The strategic investments in fleet expansion, diversified land offerings, and enhanced technological infrastructure have positioned Lindblad for significant earnings potential amid the growing demand for experiential travel.
Lindblad's financial outlook remains strong. The company holds substantial advance reservations for future travel, with bookings for 2024 already indicating continued growth. With a total debt position of $635.1 million as of September 30, 2023, Lindblad Expeditions maintains compliance with all applicable debt covenants, ensuring financial stability and the ability to invest in future growth opportunities.
For more information, visit www.expeditions.com or connect with Lindblad Expeditions on Facebook, Twitter, Instagram, YouTube, and Pinterest.
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.
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