The MARCH 9th 2020 2nd Quarter Release of VAIL Financial statement can offer a look ahead to next season and what funding will be available. Skidome will focus on our usual three close by resorts.
Total Skier Visits adding peak was up 8.8% but Season-to-date total skier visits were down 5.2% compared to the prior year season-to-date period.
ETP – $68.26 Larger resorts have a higher lift price vs smaller resorts. This is the total AVG of lift ticket per day. (max window out west 200$ East 100$)
SKI SCHOOL REV up 2.8% Dining down 1.4% Retail/Rental down 0.6%
In the week ended March 8, 2020, the Company saw a marked negative change in performance from the prior week, with destination skier visits modestly below expectations. The Company expects this trend to continue and potentially worsen in upcoming weeks. The Company intends to provide updated commentary on its results by March 18, 2020.
Weather lack of snow: Our Pacific Northwest resorts (Whistler Blackcomb and Stevens Pass) experienced the lowest snowfall in over 30 years through December 31, 2019
“We are planning to complete the $3 million initial phase of a two-year, $15 million investment program across Peak Resorts and spend approximately $24 million on integration activities primarily related to Peak Resorts.
Jack Frost / Big Boulder are due for lift upgrades.
Summary – PEAK added profit to the VAIL mix. More upgrades for next season for us locally. More system integration, buddy and friends discounts. New 20% off for pass holders (Food Bev rentals lessons). Corona Virus will be a consideration. The Epic pass to replace the PEak Explorer pass is 29$ less upcoming season.