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Is Vail group financially secure?

Discussion in 'Snow Talk' started by coolair, Jul 11, 2020.

  1. Bato

    Bato One of Us Ski Pass: Gold

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    Vail always makes a loss in the 1st quarter due to most of their resorts being shut, 2019 was 106.5mil this year was 153.7mil.
    It blew out at bit, Season pass sales are up 20% but revenue from pass sales was flat due to credits from last season. Also keep in mind the East Coast resorts that are now buying season passes.
    Vail had to pay 6.25% for their 600mil debt issued in April.
     
    skiflat and Jacko4650 like this.
  2. zac150

    zac150 A Local Ski Pass: Gold

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    I thought the revenue from season passes is shown in the next quarter as this is when the income is realised.

    Some of the income will show now but next quarter is when they get a large cash boost normally (not this year due to credits).
     
  3. Bato

    Bato One of Us Ski Pass: Gold

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  4. Jacko4650

    Jacko4650 One of Us Ski Pass: Gold

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    It's been discussed both here and in other threads, but the idea of using data to help "smooth out" lift lines (increasing satisfaction and reducing potential contact during SARS type events is being implemented in one of the worlds largest ski areas in the Italian Dolomites. They are using the data to estimate lift waiting times on key lifts:-
    From the website of Dolomiti Superski:
    New Skiers Map
    An innovative Skiers Map, which displays how busy the main lifts are at a specific moment, will be available inside the new Dolomiti Superski app. The map will also be integrated into the 3D ski map on our website. By measuring the percentage of lift capacity used within a unit of time, the map allows the skier to decide when to use which lifts and to therefore avoid possible crowds.
     
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  5. MarzNC

    MarzNC One of Us Ski Pass: Gold

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    This is old news, but a nice summary. Jason Blevins has been writing about the ski industry for a long time. The 1.4 million Epic passes caught my eye.

    Be interesting to know how many people requested a refund before Dec. 8. There are unhappy people who normally drive to ski in Vermont who bought Epic. Given the travel restrictions in place, at least on some people don't want to ignore them for ski trips. Supposed to quarantine for 14 days, but pretty much an honor system. New York City and Boston are markets for Epic Northeast now that Stowe, Mt. Snow, and Okemo are owned by VR. Of course, normally people in the northeast who buy Epic/Epic Local do so because they are planning a ski vacation in the Rockies. For those who are willing to fly to Colorado or Utah, that's still quite possible. Tahoe is iffy given California's travel restrictions.

    Dec. 11, Colorado Sun (USA)
    Vail Resorts losses continue as pandemic impacts stretch into ski season
    North America’s largest resort operator posts 50% revenue decline but a record 1.4 million sales of its Epic Passes. Vail Resorts chief Rob Katz warns investors of “a very challenging season ahead.”
    https://coloradosun.com/2020/12/11/vail-resorts-earnings-covid-ski-season/