In quarterly earnings statement, company says revenue holds steady and announces $75 million in capital improvements, including a new Vail gondola
By Summit Voice
SUMMIT COUNTY — With Tahoe-area snowfall at only about 30 percent of average, Vail Resorts saw skier visits drop by about 32 percent at its California resorts, contributing to an overall decline in skier visits of about 15 percent for the second fiscal quarter of 2012.
The company announced that skier visits at its Colorado resorts were down about 8.8 percent for the quarter, with net revenue for the company’s mountain division dropping about 0.7 percent for the quarter. (more…)
Filed under: Breckenridge Ski Resort, business, Colorado, Keystone, ski industry, Ski Resorts, skiing and riding, Vail Resorts | Tagged: earnings, Rob Katz, ski industry, Vail Resorts, Vail skier visits 2012 | 1 Comment »