Lake Tahoe skiing: Vail Resorts visits up 11 percent so far
January 18, 2016
TRUCKEE, Calif. — On Wednesday, Vail Resorts reported certain ski season metrics from the beginning of the season through Jan. 10, and for the prior year period through Jan. 11, 2015.
The metrics are for the company's U.S. mountain resorts — including Northstar California near Truckee, and Kirkwood and Heavenly resorts near South Lake Tahoe — though excluding results from Perisher in Australia and the ski areas of Afton Alps and Mount Brighton.
Season-to-date total skier visits for the company were up 11.1 percent compared to the prior year season-to-date period.
The company did not release specific skier visit totals for each mountain. Nonetheless, as far as Tahoe is concerned, the current season has gotten off to a tremendous start, thanks to a slew of snow storms that have already dumped more snow than all of the 2014-15 winter.
"We are very pleased that our 2015-16 ski season is off to a strong start across our U.S. resorts," Vail Resorts CEO Rob Katz said. "While our results were clearly aided by a very strong rebound at our Tahoe resorts, we also saw solid revenue growth at our Colorado resorts and double-digit revenue growth at Park City.
"We are seeing strong growth in U.S. destination visits across our resorts that is being partially offset by a significant decline in international visitation, which we believe is due to the strong U.S. dollar, a trend we expect to continue throughout the season."
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Further, Vail's season-to-date total lift ticket revenue was up 19.4 percent compared to the prior year season-to-date period. Season-to-date ancillary spending also increased over prior year, with dining revenue up 14.3 percent and ski school revenue up 6.7 percent.
Additionally, retail and rental revenue for U.S. resort store locations was up 9.1 percent compared to the prior year season-to-date period.
"Our results through the holiday period continue to give us confidence in the outlook for the remainder of the year," Katz said.
Vail is scheduled to provide a deeper forecast with full statistics in its March 2016 earnings release.
For more information, visit vailresorts.com.
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