Major capital investments announced for upcoming seasons

Vail Resorts is talking up the Peak 6 expansion at Breckenridge as part of its capital investment plan for the coming season.
By Summit Voice
FRISCO — Vail Resorts said business bounced back after a slow start to the season, with some of the company’s resorts posting record business during the Christmas holiday period. VR’s net income climbed 30.5 percent, to $60.5 million in the second fiscal quarter compared to last season, with skier visits up 2.9 percent and mountain net revenue up by 9.5 percent.
“We are very pleased with our performance in the second quarter of fiscal 2013, which was notable for two distinct dynamics we experienced in the quarter,” VR CEO Rob Katz said this week during a call announcing the company’s second quarter earnings. “The first was our results through the middle of December, which were marked by unusually warm and dry weather in Colorado that limited the terrain we could open, leading to lower than expected results for our four Colorado resorts. (more…)
Filed under: business, Colorado, economy, ski industry, Ski Resorts, skiing and riding, Summit County Colorado, Vail Resorts | Tagged: Breckenridge Ski Area, business, Colorado, ski industry, Vail Colorado, Vail Resorts | Leave a Comment »


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