Gateway Land & Development

Category Archives: Economics

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Come and get inspired at the 2016 Global Solutions Forum in Vail.  This event is a collaboration of SStS Partners, alumni, global liaisons and businesses to discuss strategies in global education and ethical leadership. There will be a public venue at the Global Solutions Forum on

 Friday, October 14th from 8:30a – 12:30p. 

This event will be held in the Peter Abuisi Theater

at the Vail Mountain School.

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The entire forum will run from October 13th – 16th

Reservations are available on-line.

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Vail will be hosting two amazing winter events in the next few weeks … The Winter Mountain Games (presneted by Eddie Bauer) and Burton's U.S. Open Snowboarding Championships.

The Winter Mountain Games will include events in Biking, Climbing, Running and Skiing.  Biking includes the On-Snow Bike and Slalom Bike events.  Skiing events have Nordic Freestyle, Telemark Big Air (amazing event) and the Vail Uphill to name a few.  The schedule also includes a unique Avalanche Dog competition, the Vail Uphill Run and climbing competitions!  Bring your snowboats and your voice for cheering.  Click here for the schedule of events.

Jack Affleck

The Burton U.S. Open Snowboarding Championships includes one of the World's largest halfpipe courses (see previous post).  Vail will see some amazing athletes including Mason Aguirre, Jaie Anderson, Ryo Aono, Nils Arvidsson & Gretchen Bleiler to name just a few.  For a full line up of athletes, click here.  If you've never had an opportunity to witness a snowboarding event in person, it's worth making the effort to visit Vail for this event.  Broadcasts of the event fall short when attempting to convey the height and depth of this halfpipe and fails to capture the true nature of the amazing tricks performed by the athletes.

Come join us in Vail for these two spectacular events!  We've had over 2 feet of snow in the last 3-4 days, so conditions are EPIC.

It is no sercret that the success of Vail Resorts is highly dependent on snow conditions, and the rocky start to the 2012 ski season was reflected in the early season's financial report. However, despite these hardships, Vail Resorts' latest financial report shows gains in the ski season metrics through Sunday compared to the same time last year. Though the challenging early season has set the company back in terms of following the financial guidance it put in place in September.

Skier visits are up 2% while revenues from lift tickets, ski school, dining and retail were up double digits from last year. Even with the early season setback, the report shows that once the more typical winter conditions returned in mid-December, visitation and guest spending increased–especially during the holidays.

The resort reported a EBITDA to be $244 million to $254 million, short of their 2013 fiscal guidance of $260 million-$270 million that was issued last fall. Now, the net income attributed to Vail Resorts is now expected to be between $39 million and $49 million, up more that double from last year's results. The revised guidance from fiscal 2013 assumes normal conditions for the remainder of the season. Let it snow, let it snow!

 

For a more articles relating to Vail Resorts' fiscal report, CLICK HERE

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