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Mt Buller joins The Mountain Collective

Discussion in 'Mt Buller' started by Dave Clark, Apr 3, 2019.

  1. nezumi

    nezumi One of Us

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    Ahh, fair call. Within the Vail stable I chose Perisher for a family trip over Falls Creek, because adult lessons cost an extra $37 over 5 days at Perisher, while at Falls Creek we would have been relying on the Coffee Club running again, which is not guaranteed.
     
    skiflat likes this.
  2. xuěboarder

    xuěboarder One of Us Ski Pass: Gold

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    And now on Ikon.
     
    teckel likes this.
  3. teckel

    teckel Pool Room Ski Pass: Gold

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    Dave Clark likes this.
  4. Brimmo

    Brimmo Hard Yards

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    Looks they took notice of your advice from less than two weeks ago :)
    Ask and you shall receive.
     
  5. Dave Clark

    Dave Clark One of Us

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    As much as I'd love to credit the advice provided on this forum it takes a little more than 2 weeks to negotiate these things ;)
     
    Donzah, skiflat and mx_boarder like this.
  6. Paranoid_Flats

    Paranoid_Flats Hard Yards

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    Buller appear to have been masterful in all this. They were in a great negotiating position to maximise Ikon revenue share, as this was the only remaining opportunity for Alterra in Australia. And it was clever PR to show they're looking after their season passholders by announcing the MC deal before the Ikon deal. Pity we cant see their financials because they likely make a ton of profit, abnormal for this industry. Capex seems to be very smart and is essentially maintenance, replace only what you really have to, like ancient chairs, in order to keep the numbers humming along. Shame they don't reinvest for quantum improvement, like putting a chair from Howqua to the top.
     
  7. Bogong

    Bogong Part of the Furniture Ski Pass: Gold

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    I hate to say this Paranoid_Flats, but Buller is by far the best of the five big resorts at investing in things like lifts, snow making, etc. Hotham hasn't had a new lift in 22 years, Thredbo for 25. Falls and Perisher have only replaced lifts when they absolutely have to, so the geriatric Mt Perisher double chair is almost 60 years old, but it still clunks on for 100 days every year because it isn't absolutely necessary to replace it yet

    I've always thought that Buller's relatively frequent replacement of old lifts is partly due to Reno's family being able to treat it as a favoured business. I suspect they see it as needing to be profitable, but without the need to squeeze every possible dollar out of it with the absolute minimum of investment which seems to be the approach of the four other big resorts.
     
    djam and Shredderman like this.
  8. Paranoid_Flats

    Paranoid_Flats Hard Yards

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    I agree with you, and also view Buller as the least worst of the 5 resorts. And it will probably get worse all round as the industry overall becomes more corporatised and monopolised. I suspect Buller is the most profitable and best cash cow of the lot, but obviously cant prove it. Given the lack of effective competition, it would be nice if the regulators imposed some transparency so the consumer can see what deal they're really getting.
     
    Bogong likes this.
  9. Rick Ross Da Boss

    Rick Ross Da Boss One of Us Ski Pass: Silver

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    Doesn’t hurt being the closest resort to a big city either.....
     
    VSG likes this.
  10. climberman

    climberman CloudRide1000 Legend Ski Pass: Gold

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  11. Rick Ross Da Boss

    Rick Ross Da Boss One of Us Ski Pass: Silver

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    That’s a lot of numbers :confused:
     
  12. CarveMan

    CarveMan Pool Room Ski Pass: Gold

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    climberman likes this.
  13. climberman

    climberman CloudRide1000 Legend Ski Pass: Gold

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    For Perisher’s sake you’d hope not LOL
     
  14. Donzah

    Donzah Old n' Crusty Ski Pass: Gold

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    Perisher has put in a couple of chairs and 100 million in snowmaking in recent years.
    I'm sure they'd love to bulldoze Mt P double.....however I'm sure you're aware there are a few mitigating factors there
     
    Bogong likes this.
  15. Bogong

    Bogong Part of the Furniture Ski Pass: Gold

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    Thredbo Alpine Resort
    The normalised profit before income tax expense was $25,813,000, an increase of $1,617,000 or 6.7% above the prior
    comparable half year record result.
    Total revenue for the half year grew 9.9%. Lift pass revenue for the 2018 snow season from 1 July 2018 increased 10.5%,
    with a 2.8% increase in skier visits and 6.6% yield improvement. Strong food and beverage revenues contributed to
    overall growth with revenue increasing by 14.3% over the prior comparable half year.
    Revenue from snow sports increased 18.0% over the prior comparable half year with particularly strong demand from
    new skiers for lessons in September.
    Revenue from summer operations continues its strong growth trend with a 6.1% increase in revenue in November and
    December 2018 over the prior comparable period.

    From page 9 of https://www.evt.com/wp-content/uploads/2019/02/2019-Half-Year-Report-and-Accounts.pdf
     
    Zeroz, nezumi and Rick Ross Da Boss like this.
  16. Donzah

    Donzah Old n' Crusty Ski Pass: Gold

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    Thredbo has way better margins on its offseason trade than winter.
    Their P&L is quite impressive .
    I'd imagine their cash flow still fluctuates a bit. However i'd add. That would be improving every year
     
    climberman likes this.
  17. djam

    djam One of Us

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    You need good years to prop up the bad years, as the bad years can go really bad. A 10 year average
    might be a better number to work with.
     
    Zeroz and Bogong like this.
  18. TOFF

    TOFF Im kind of a big deal Ski Pass: Gold

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    Just bought my mc pass for this year.
    A couple of days at Buller is break even then maybe nz and USA in 2020 for ‘free’ skiing.
     
  19. Sbooker

    Sbooker One of Us

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    It’s tops.
    I’ll get my three days at Shredders which basically pays for itself.
    And then two at Buller.
    Then two at Alta, Snowbird, Jackson, Big Sky and Aspen.
    So 15 days at iconic hills for $450aud.;)
     
    absentskier, TOFF and CarveMan like this.
  20. snowgum

    snowgum One of Us

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    Howdy, just wondering how the MC pass stacks up if one doesn't head north for our southern summer?

    Not saying its a crock - but based on a cpl years ago, I thought my friends using MC pass were spending a bucket load on air fares, car hire and accomdtn to access their 2 ‘free’ days?

    Just curious, hope it does work out though!!
     
  21. nezumi

    nezumi One of Us

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    From my perspective, there's a sweet spot for those who want to day-trip to Buller on weekends, but won't go enough to justify a season pass. I'd have to run the numbers again, but I think it was around the 7 day mark where the season pass benefits kicked in. Of course, this is dependant on buying the season pass at the lowest price, and on measuring it against the full weekend lift price. I am heading to Buller in late August, and have already bought my lift pass at $66/day - but that only works because I have everything planned ahead of time. If you have the MC pass, you can rock up on a good day and get 50% off lift passes at the gate.

    I have a friend who is already headed to NZ in July, lives in Sydney and will be joining me for Buller in August - so for her the MC pass is great, as she can add in a weekender in Thredbo for no lift pass cost. Find accommodation between Cooma and Jindy for Friday/Saturday night and you're set.

    It would be awesome if you could have your B-Tag reflect your MC status, so that all ticket purchases are automatically 50% off for you and can be done online rather than lining up.
     
  22. Sbooker

    Sbooker One of Us

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    We live in Qld.
    We love a road trip.
    Fly in and hire a car.
     
  23. TOFF

    TOFF Im kind of a big deal Ski Pass: Gold

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    I figure 2 weekends at Buller is about break even.
    With lift tickets at $125 per day? By 4 days is $500 and from that point I'm n front whether I ski at Thredbo, go across to NZ or north to USA
     
    snowgum likes this.
  24. snowgum

    snowgum One of Us

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    Cool sounds good to me - ESP the (closeish) NZ option.
     
    TOFF likes this.