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Revenue and Related Contract Costs and Contract Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2020 |  | $ | 18,618 |
Cash additions |  |  | 147,814 |
Revenue recognized |  |  | (126,573 | )
Foreign exchange translation adjustment |  |  | (197 | )
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 |
Summary of Changes in Contract Costs | Changes to contract costs are as follows:
(in thousands) |  |  |
Balance at December 31, 2020 |  | $ | 10,835 |
Additions |  |  | 31,923 |
Expenses |  |  | (27,935 | )
Cancelled |  |  | (976 | )
Foreign exchange translation adjustment |  |  | (57 | )
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 |
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 During the first quarter of 2022, we reallocated certain ancillary revenue presented in Pursuit’s services revenue to better align with how we analyze revenue and depict the nature of revenue. All prior periods have been reclassified to conform to this new presentation.
|  | Year Ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Services: |  |  |  |  |  |  |  |  |
Ticket revenue |  | $ | 114,936 |  |  | $ | 61,166 |  |  | $ | 19,939 |
Rooms revenue |  |  | 77,019 |  |  |  | 57,603 |  |  |  | 26,383 |
Transportation |  |  | 12,460 |  |  |  | 5,591 |  |  |  | 2,694 |
Other |  |  | 14,143 |  |  |  | 8,564 |  |  |  | 3,567 |
Total services revenue |  |  | 218,558 |  |  |  | 132,924 |  |  |  | 52,583 |
Products: |  |  |  |  |  |  |  |  |
Food and beverage |  |  | 47,275 |  |  |  | 28,953 |  |  |  | 10,295 |
Retail operations |  |  | 33,494 |  |  |  | 25,171 |  |  |  | 13,932 |
Total products revenue |  |  | 80,769 |  |  |  | 54,124 |  |  |  | 24,227 |
Total revenue |  | $ | 299,327 |  |  | $ | 187,048 |  |  | $ | 76,810 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 218,558 |  |  | $ | 132,924 |  |  | $ | 52,583 |
Products transferred at a point in time |  |  | 80,769 |  |  |  | 54,124 |  |  |  | 24,227 |
Total revenue |  | $ | 299,327 |  |  | $ | 187,048 |  |  | $ | 76,810 |
Markets: |  |  |  |  |  |  |  |  |
Banff Jasper Collection |  | $ | 152,863 |  |  | $ | 82,728 |  |  | $ | 46,913 |
Alaska Collection |  |  | 39,434 |  |  |  | 37,344 |  |  |  | 6,282 |
Glacier Park Collection |  |  | 57,760 |  |  |  | 45,276 |  |  |  | 17,596 |
FlyOver |  |  | 24,445 |  |  |  | 10,693 |  |  |  | 6,019 |
Sky Lagoon(1) |  |  | 24,825 |  |  |  | 11,007 |  |  |  | — |
Total revenue |  | $ | 299,327 |  |  | $ | 187,048 |  |  | $ | 76,810 |
(1) We opened Pursuit’s Sky Lagoon attraction in Reykjavik, Iceland on April 30, 2021. GES During the first quarter of 2022, we changed our segment reporting as a result of operational changes and how our CODM reviews the financial performance of GES and makes decisions regarding the allocation of resources. Accordingly, GES’ new reportable segments are Spiro and GES Exhibitions. As a result, we changed certain items in the following disaggregation of revenue table. All prior periods have been reclassified to conform to the new reporting structure.
|  | Year Ended December 31, |
(in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Service lines: |  |  |  |  |  |  |  |  |
Spiro |  | $ | 277,641 |  |  | $ | 116,587 |  |  | $ | 102,027 |
GES Exhibitions |  |  | 557,880 |  |  |  | 209,529 |  |  |  | 238,705 |
Intersegment eliminations |  |  | (7,537 | ) |  |  | (5,824 | ) |  |  | (2,107 | )
Total revenue |  | $ | 827,984 |  |  | $ | 320,292 |  |  | $ | 338,625 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |
Services transferred over time |  | $ | 693,482 |  |  | $ | 268,218 |  |  | $ | 298,945 |
Products transferred over time(1) |  |  | 51,134 |  |  |  | 18,551 |  |  |  | 15,517 |
Products transferred at a point in time |  |  | 83,368 |  |  |  | 33,523 |  |  |  | 24,163 |
Total revenue |  | $ | 827,984 |  |  | $ | 320,292 |  |  | $ | 338,625 |
Geographical markets: |  |  |  |  |  |  |  |  |
North America |  | $ | 675,628 |  |  | $ | 243,983 |  |  | $ | 288,921 |
EMEA |  |  | 176,086 |  |  |  | 82,242 |  |  |  | 53,384 |
Intersegment eliminations |  |  | (23,730 | ) |  |  | (5,933 | ) |  |  | (3,680 | )
Total revenue |  | $ | 827,984 |  |  | $ | 320,292 |  |  | $ | 338,625 |
(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.

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