About these ads

Vail Resorts 2012 earnings, revenue and skier visits down

Company reports increases in season pass sales and advance bookings

Breckenridge ski resort peaks seen from Dillon, Colorado.

By Summit Voice

SUMMIT COUNTY — After one of the toughest seasons in memory, Vail Resorts wrapped up its fiscal year 2012 with earnings down about 7.5 percent from 2011, according to the company’s earnings statement released today (Sept. 25).

Total net revenue was $1,024.4 million in 2012 compared to $1,167.0 million in the prior year, a 12.2 percent decrease.

For 2012, VR reported a net income of $16.5 million, down from $34.5 million in 2011, as skier visits dropped steeply at the company’s California and Colorado ski areas. In Colorado (Vail, Beaver Creek, Keystone and Breckenridge) visits dropped 8.9 percent, from 5.2 million in 2011 to 4.8 million in 2012.

Overall VR skier visits dropped by 12.1 percent, from 7 million in 2011 to 6.1 million in 2012. Continue reading

About these ads
Follow

Get every new post delivered to your Inbox.

Join 7,613 other followers