Industry News
“Unfortunately, conditions in Tahoe have been very poor with snowfall down approximately 85 percent relative to prior year, resulting in visitation and guest spending well below our expectations, which negatively impacted our overall revenue growth,” Vail CEO Rob Katz said in a statement.
Tahoe hasn’t really gotten any snow this year yet. That has obviously translated into poor skier visit number in Tahoe this year. Compared to last year, skier visits are down 23.4% at Vail’s Lake Tahoe ski resorts: Kirkwood, Northstar, and Heavenly.
It’s been a rough year so far in Tahoe financially. No snow means no work which means no money.
“I’ve had several employees come up to me and tell me that they don’t have enough money to make rent and that they are moving home to their parents house. It’s tough to see people not being able to make it in Tahoe this season.” – John, local business owner
Skier visits at Vail’s Colorado ski resorts (Keystone, Breckenridge, Beaver Creek, Vail) and their Canyon’s ski resort in Utah have grown in skier visits 7.4% compared to last year.
Heavenly still claims 31 to 39 inch base.
3.1 to 3.9 inches would be more accurate.
Just 25% down? Not bad considering snow is 85% down. You should be feelng blessed.