Vail Releases Season Numbers to Date
SAM Magazine--Broomfield, Colo., April 24, 2014--Vail Resorts, Inc. (VR) reported certain season metrics for the comparative periods from the beginning of the season through April 20, 2014 and were adjusted as if Canyons was owned in both periods (but they do not include Afton Alps and Mt. Brighton). In short, visits were up 2.3% and lift revenue was up 7.6% compared to last season. Dining revenue was up 3.1%, retail/rental up 5.1% and ski school up 7.5%. "Our spring results were stronger than we expected," said CEO Rob Katz. "And our growth rates finished higher than our previously released metrics from early March...With the strong performance of our Colorado resorts, we expect that our resort reported EBITDA for fiscal 2014 will finish high above the high end of our guidance range issued March 12, 2014. "We are pleased with the early results in our spring season pass sales for the 2014-2015 ski season, particularly given last spring's record results and the challenges experienced in Tahoe this season," he added.