In spite of the inconsistent weather, people are still lining up to visit Vail Resorts properties. Vail Resorts said on Wednesday that skiers visits are up 12.5% compared to the same time last year. Retail/rental, ski school, and dining revenue are also up significantly. The stats were recorded through January 8th.
This would appear to be an impressive number, because the weather on the East Coast has been poor so far, and their Lake Tahoe properties have seen their operations be limited on numerous days due to massive snowstorms.
In spite of this news, the Aspen Times reports that this number is still below their expectations, and their EBITDA will also be underwhelming. This is being contributed to airline disruptions during Christmas Break and extreme weather. At the time of the posting of this article, the value of Vail Resorts stock in the past year has gone done by 14.5%.
They’re hoping for a rebound in the second-half of the season, which seems like a reasonable prediction. Their Utah and California mountains have seen deep snowfall, and their New England/New York properties are set to see a lot of powder this weekend, which will hopefully turn the tide on what has been an abysmal season so far on the East Coast.
Image Credits: Vail, Vail Resorts
