Vail Resorts’ 3rd Quarter Revenue Fell $263.9-Million Due to COVID-19 Closures Vail Resorts, Inc. yesterday reported results for the third quarter of fiscal 2020 ended April 30, 2020, which were significantly impacted by COVID-19 and the resulting closure of the Company’s North American destination mountain resorts and regional ski areas on March 15, 2020. Related: Rob Katz, Vail Resorts CEO Addresses Current Racial Unrest | Admits Personal Failings in Addressing ‘Overwhelmingly […] Industry News SnowBrains | June 5, 2020 1 Comment
Ski Resorts Could Lose Up To 30% of Their Winter Revenue by Closing Early March is typically one of the busiest months for the nation’s ski resorts, as spring breakers flock from across the country to party on the slopes. Resorts that have been forced to close due to the coronavirus pandemic sweeping the globe are coming to terms with the loss of 25% to 30% of their revenue they would normally generate from March […] Industry News SnowBrains | March 26, 2020 0 Comments
Senator Writes to Congress on Behalf of Ski Resorts Requesting Economic Relief Due to Early Closures | Resorts Could Lose $2-Billion Almost all of the 473 ski resorts across the USA have been forced to close early due to the coronavirus pandemic sweeping the globe, many due to orders from state governors. It is estimated that the financial loss to ski resorts due to this could be in the region of $2-billion, prompting the industry to press Congress for economic relief. Related: […] Industry News SnowBrains | March 25, 2020 2 Comments
Colorado Sells Record $1.75 Billion Of Cannabis in 2019 According to the Colorado Department of Revenue data, Colorado’s cannabis shops set an annual state record last year with $1.75 billion in sales revenue — yes, that’s BILLION with a B. The Cannabis industry in Colorado brought in over $300 million in tax revenue to the state in 2019 as well, surprising economists who believed that Colorado’s cannabis industry was […] Brains SnowBrains | February 21, 2020 1 Comment
Green Makes up for Lack of White | Record Marijuana Sales Help Steamboat Springs Survive Poor Tourism Season Steamboat Springs financially survived a winter tourism season, that some believed was under threat because of winter’s late arrival, due to record marijuana sales in March, reports Summit Daily. “I think it’s a pleasant surprise,” City Manager Gary Suiter said. “We depend on the snow.” Record marijuana sales in March helped contribute to financial success, with the city collecting $2.9 […] SnowBrains | May 3, 2018 0 Comments
National Park Visitors Added $35.8 Billion to the US Economy Last Year | $1 Billion Increase over Previous Year The National Park Service released an economic report on Wednesday that found a tidy $35.8 billion was added to the U.S. economy in 2017 due to national park visitation, reports Adventure Sports Network. The report includes information on visitor spending, the number of jobs supported by visitor spending and other statistics. “This report illustrates the incredible economic value of our […] Steven Agar | April 27, 2018 0 Comments
Vail Resorts Report Increased Revenue on Lower Skier Visits at its North American Resorts Last Year Vail Resorts yesterday reported that total lift ticket revenue at its North American mountain resorts was up 3.7 percent from last year, but that total skier visits were down 1.9 percent. “We are pleased with our results as the 2017/2018 ski season concludes, particularly considering the historically low snowfall across our western U.S. resorts for much of the ski season. […] Industry News Steven Agar | April 26, 2018 0 Comments
Colorado Marijuana Sales hit new High | $1.5 billion in 2017 Colorado marijuana shops raked in a record $1.51 billion sales of medical and recreational cannabis, edibles and concentrate products during 2017, according to Colorado Department of Revenue data released Friday. Adult-use sales topped $1.09 billion, with the remaining $416.52 million coming from medical marijuana. Colorado collected upward of $247 million in taxes and fees revenue from pot sales, according to […] Steven Agar | February 13, 2018 1 Comment
Summer is the New Winter For Ski Resorts Ask any ski town local why they live there, and I bet many reply ‘I came for the winters, stayed for the summers’. For decades, summer has been the off-season for ski resorts. Downtime to concentrate on maintenance and upgrades, to run on skeleton staff and prepare for the next big bucks winter season. Winter has always taken care of itself. If it […] Industry News Steven Agar | July 29, 2017 0 Comments
Vail Resorts Posts $65.3 Million Quarterly Loss | Made $1.3 Billion Last Year, Season Pass Sales Up 24% While Vail Resorts Inc. has seen its highest visitations throughout this year, their most recent numbers report a significant loss for the summer quarter. Throughout the entire fiscal year, Vail is posting good earnings and significant growth across the board. Vail Resorts Inc. 2016 Statistics The July quarter recorded a $65.3 million loss, better than last years $70.1 million loss Total mountain […] Dylan Cautela | September 29, 2016 0 Comments
Industry News
Brains
