• News
    • Brands and Retailers
    • Industry Press Releases
    • People
    • Show News
  • Gear
  • Events
    • OR Snow Show
    • OR Summer
    • OAX
  • About Us
    • Contact Us
SUBSCRIBE
  • News
    • Brands and Retailers
    • Industry Press Releases
    • People
    • Show News
  • Gear
  • Events
    • OR Snow Show
    • OR Summer
    • OAX
  • About Us
    • Contact Us
  • Subscribe
Q

File photo courtesy of Vail Resorts
News:
Brands and Retailers
January 18, 2023

Vail Resorts Updates Market on Ski Season Results So Far

Visits are up, but the company’s western U.S. properties were impacted by recent “extreme weather” and the ensuing flight delays and cancellations.

By Kari Hamanaka
Share on Email
Share on Linkedin
Share on Facebook
Share on Twitter
[photo-by]
File photo courtesy of Vail Resorts
News:
Brands and Retailers
January 18, 2023

Vail Resorts Updates Market on Ski Season Results So Far

Visits are up, but the company’s western U.S. properties were impacted by recent “extreme weather” and the ensuing flight delays and cancellations.

By Kari Hamanaka
Share on Email
Share on Linkedin
Share on Facebook
Share on Twitter

Vail Resorts Inc. on Wednesday reported total skier visits up 12.5% for the season-to-date through Jan. 8, compared to the prior year period.

Vail also reported increases in lift ticket revenue, which rose 5.3%, ski school revenue, which was up 35.6%, dining revenue, which jumped 58%, and retail and rentals in North America, which saw growth of 34.4%.

“We are pleased to see the growth across the business,” CEO Kirsten Lynch said in a statement. “Increased staffing levels relative to the prior year period enabled our mountain resorts to deliver full operations of lifts and mountain terrain, and normal operations of important guest experiences such as our restaurants, lodging, ski and ride school, and rental and retail locations, which helped drive a return of ancillary spending.”

Vail Resorts CEO Kirsten Lynch

Lynch noted “improved conditions” at Vail’s Colorado, Utah, and Tahoe resorts along with the lifting of travel restrictions in Canada as helping drive the growth.

For the company’s western U.S. resorts, the season was hampered by bad weather that forced closures and caused flight cancellations or delays.

“Based on our significant base of pre-committed guests through advance commitment pass products, strong conditions across our western resorts, and current lodging booking trends, we believe that a portion of the visitation we originally expected over the holiday period will occur later in the season,” Lynch said.

The company, as a result of those delayed visits, said it now estimates resort earnings before interest, taxes, depreciation, and amortization to come in at the lower end of the guidance range it provided last year, which was $893 million to $947 million.

Shares of Vail stock were trading down 2.1% to $247.30 in afternoon trading Wednesday, for a market cap of $9.97 billion.

The company closed its fiscal year 2022, which ended July 31, with net income of $347.9 million on net revenue of $2.5 billion.

← Previous Article Next Article →
News Brands and Retailers

Specialty Retailer Feral’s Used Gear Model Boosts Bottom Line

We toured the Denver-based outdoor specialty retailer to learn about business trends, future plans, and what's hot on store shelves.

News Brands and Retailers

BOA Launches Major Expansion into Ski Boot Market

The Daily spoke with BOA CEO Shawn Neville in an exclusive interview about how BOA plans to scale its new ski boot business into a market leader.

News Industry Press Releases

Danner Introduces First Modern, Recraftable Hiking Boot

The Mountain 600 Leaf GTX is built to explore, restore and repeat for years to come.

News Industry Press Releases

Big Agnes and DAC Introduce First Recycled Aluminum Tent Hubs

Longtime partners commit to recycled aluminum tent hardware.

News Industry Press Releases

White Duck Outdoors Announces Its Newest Tent, The Regatta 360

The Regatta 360 is designed to offer premium comfort and convenience and is offered in 13-foot and 16.5-foot sizes.

News Sponsored

Empower Your Brand’s Growth with vvast’s New Entry Point Packages

Introducing vvast's 360 Approach to D2C for High-Growth Brands.

News People

Wolverine Worldwide Announces Leadership Appointments

Chris Hufnagel was named company president and Janice Tennant and Rob Griffiths were added as key brand leaders to support Wolverine's global brand-building strategy.

News Brands and Retailers

Specialty Retailer Feral’s Used Gear Model Boosts Bottom Line

We toured the Denver-based outdoor specialty retailer to learn about business trends, future plans, and what's hot on store shelves.

Subscribe for free today!

FOLLOW US ON

  • Follow
  • Follow
  • Follow
© 2023 Emerald X, LLC. All Rights Reserved.

ABOUT    CAREERS    AUTHORIZED SERVICE PROVIDERS   TERMS OF USE   PRIVACY POLICY