Lindblad Expeditions posted a record net yield of $1,631 per available guest night in the first quarter of 2026, the highest quarterly figure in the company’s history, according to Chief Executive Officer Natalya Leahy.

“These results reflect the strength of our strategy and importantly, the discipline of our execution,” she said.

Leahy said the company manages pricing with a demand-first.

“Our pricing is driven by demand, which we always continue to take pricing up when the demand comes,” she said. “On some of our more popular destinations like Alaska and Antarctica, we are literally reviewing prices on a weekly basis and adjusting (prices) as needed.”

That pricing power is being supported by a broadening demand base.

Bookings through Disney travel agents rose 67 percent year over year in the quarter, and the company recently signed its first charter agreement with Club 33, Disney’s exclusive private membership club, with the voyage selling out within hours of being offered.

The company’s outbound sales program grew 64 percent versus the prior year, and onboard sales consultants on larger vessels are now converting more than a quarter of guests into bookings for future voyages before they disembark.

Looking ahead, Leahy said 2027 bookings are running ahead of where 2026 pacing stood at the same point.

“We are booked on both Land Experiences and Lindblad segments significantly ahead of prior year and continue to accelerate momentum,” she said. “With that comes price increases.”