Vail

SilverStar Mountain Resort

 

With the national conversation hyper-focused on race in America over the past few weeks, the conversation about the ski industry’s role in bringing about real, measurable change has also begun. Although steps are being taken by major players in the industry, many say there is still a lot of work to be done.

 

In an email sent out to Vail Corp employees on June 2, CEO Robert Katz addressed the issue head-on, stating that they are, bluntly, “part of the problem.”

 

Vail Resorts is furloughing nearly all of their year-round hourly employees.  Salaried employees are getting at least a five percent pay cut. 

Park City Mountain Director of Communications Margo Van Ness says 391 employees at the resort will be furloughed for at least the next one to two months starting this Saturday, the result of cost-saving measures.

Park City Mountain Resort helped carry Vail Resorts through a tough 2nd quarter. Things might get worse for the company as they prepare for the impacts of the COVID-19 novel coronavirus


Renai has an update on the Vail earnings report that was released recently.

Vail Mountain CEO Rob Katz spoke with investors as part of the company’s quarterly earnings report.


Carolyn Murray

 

Opening Day skiing and riding at Park City Mountain Resort is tradition for a lot of the people standing in line at the bottom of Payday lift — some claiming their spots in line hours before the actual loading began. KPCW chatted with a few folks while they waited to take their first turns of the season.

Four millennial era men stood for hours holding their spot. They were cheerful considering they spent the night camped out on the plaza, waking at 5:30 to claim their place in line. One Park Meadows resident seemed unfazed by the night spent outside.

Vail Resort CEO says business is good and the next year is promising. The company released their 4th Quarter earnings last week.

Last week Vail released the earnings for the 4th quarter and the resort company’s entire fiscal year which ended on July 31st. Vail CEO Rob Katz reported the year was a success and the upcoming year is promising during a call with investors.

Katz spoke about the recent acquisition of Peak Resorts and the benefits of the Epic Pass in terms of mining data about their customers.

With all Vail resorts closing earlier this month, the company released their season metrics on Friday.

The company reported that in the North American resorts lift ticket revenue was up 9.3% over the past year. The resort also said that over the past year ski school revenue was up 6.5%, dining revenue was up 7% and retail/rental revenue was up 6.2%. The report also said that skier visits were up 6.8% from last year.

Park City Municipal Corporation

 

The number of skiers and riders has not increased since the 1980’s. An article recently published in Outside Magazine claims that without the new resort business model of large companies offering cheap season passes, the entire industry would be in decline. Marc Peruzzi’s article titled: The Giant Resort Companies You Hate Are Saving Skiing, starts with the line-Skiers love to bitch.

Mark Peruzzi says the large mountain resort conglomerates are throwing a lifeline to the locals by sustaining an industry that is not growing in skier numbers.

pcmr

Vail issued a press release stating that thanks to record-breaking snow totals and the hard work of their mountain operations teams, Heavenly Valley, Northstar and Kirkwood would extend the 2018-19 ski and snowboard season, weather & conditions permitting.  Some businesses at the base of Park City Mountain Resort are wondering why the same isn’t happening for Vail’s operations in Utah.

www.vailresorts.com

The CEO of Vail Resorts, Rob Katz, is the special guest on hand tonight to deliver the annual Community Lecture sponsored by Park City’s Leadership program.

The free Lecture takes place tonight at 7:00 pm at the Santy Auditorium.

Myles Rademan, the founder and director of Park City Leadership, said he asked Katz to appear for the 25th annual program because Katz’s management of the multi-national ski resort conglomerate ties in well to the theme of leadership.

Officials for Vail Resorts reported good numbers for the second quarter of their fiscal year. They got a boost from strong winter weather—maybe too strong a boost in Nevada and the Northwest. And they talked about a new wrinkle for their Epic Pass.

During a conference call last week, Vail CEO Rob Katz said they were pleased with the growth in visitation and spending compared to the same quarter last year.

Tania Knauer

 

The recent decision to close part of Rob’s Tail, which is above the Sun Peak neighborhood, was done because the land owner, Vail Resorts has concerns over safety and liability. The Sun Peak Homeowners Association, Basin Recreation and Vail Resorts are working to come up with a work around for next winter. But for now, the trail is closed about a mile up from the trail head.

Snyderville Basin Recreation District Director, Brian Hanton says they didn’t realize the trail was on Vail property.

More Epic Pass Partnerships Announced Today

Feb 6, 2019
Sun Valley

Vail resorts adds two more western ski areas to its Epic Pass offering. Vail operates 15 mountain resorts and three urban ski areas in the US along with Canadian and Australian resorts. Carolyn Murray has this:

Sun Valley Resort and Snowbasin  Resort jointly announced they are joining the Epic Pass alliance beginning with the 2019-2020 winter season. Both ski areas are family-owned businesses.  They said the Epic Pass will provide their guests with access to all Vail Resorts-owned and operated destinations.

D Ramey Logan

The Summit County Council Wednesday voted to modify their Amended Development Agreement for the Canyons Resort Area.

They agreed to extend some deadlines in the Agreement, which the county approved a year ago, almost to the day. The vote doesn’t change the substance of two conditions the resort has to meet—it just doesn’t require their completion by the end of 2018.

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