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.”
Coronavirus has cost Vail Resorts more than $200 million. So far.
North America’s largest resort operator posted a rare year-end loss, dragged down by early resort closures and a pandemic-slowed summer. But Epic Pass sales are pacing ahead of last year.
Vail Resorts lost $140 million after coronavirus forced its ski areas to close. That’s actually better than expected.
North America’s largest resort operator reported earnings on Thursday showing a smaller-than-projected loss after slashing budgets and spending in April.
Vail Resorts will credit up to 80% of unused Epic passes value to 2020-21 pass
Under pressure from skiers who bought expensive passes intending to use them in the spring, Vail also rolled out new pass insurance that covers calamities, including coronavirus-related shutdowns.
Arapahoe Basin’s effort to avoid overcrowding by leaving the Epic Pass may be working too well
“This was new ground and we have learned a lot,” says resort leader Al Henceroth. A-Basin joined the Ikon Pass in a deal that limits days.
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Not sure which season ski pass to buy? Here are 10 questions to help guide your decision.
Resort operators punish poor planners with staggering walk-up ticket prices. But there’s no reason to get burned in Colorado, ground zero for the ski-pass war.
After dumping Epic, Arapahoe Basin finds new partner in Ikon Pass
“We think we are going to do better with this deal,” A-Basin boss Alan Henceroth says. But is it better for skiers?
While others grumble over hordes of newcomers, Telluride embraces Epic Pass skiers
Locals lament crowds of Ikon Pass skiers at some resorts, but Telluride bosses say it's the locals -- not Epic Pass customers -- who are skiing more days than ever
Vail’s new Epic day pass lowers pre-purchased lift tickets to as low as $89
The latest salvo in Epic-versus-Ikon season pass brawl targets occasional skiers who balk at $200-plus lift tickets
What really led A-Basin to quit the Epic Pass cash cow? “Parking is our pinch point.”
Resort revenues doubled in the decade Arapahoe Basin was part of the Epic Pass, but parking problems outweigh the benefits of cash flow
Crested Butte may be the gem in Vail Resorts’ portfolio, but its lifts must be fixed before it can shine
Figuring out where Crested Butte fits into Vail’s quiver of resorts is as challenging as the skiing. “It stands out. And that’s a very good thing.”
Slower growth in Epic Pass revenue, wider than expected first-quarter losses trigger steep drop in Vail Resorts stock
Vail Resorts’ chief Rob Katz told investors on Friday that he expected to sell 925,000 Epic Passes for the 2018-19 ski season
Alterra expects to sell 250,000 Ikon Passes, Vail Resorts says Epic Pass sales are up
Analysts are watching sales by the two Colorado-based resort giants for clues about the health of the North American ski industry.
At the height of the ski pass war, Wolf Creek — with its $70 lift ticket — remains defiantly independent
It's a full on war between the Epic Pass and Ikon Pass