vail resorts

[VIDEO] All the Lift Upgrades Coming in 2022/23 at Vail Resorts

Company’s largest single-year investment into the mountain experience is designed to materially reduce wait times and increase uphill capacity with 12 new high-speed chairlifts, a new high-speed gondola, 6 new fixed-grip chairlifts, new lift-served terrain, and an expanded restaurant Projects include: New high-speed lift and gondola out of Whistler Blackcomb’s Creekside; New high-speed lift in Vail’s Legendary Back Bowls; Company’s […]
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Vail Resorts Acquires Majority Stake in its First European Ski Resort

BROOMFIELD, Colo., March 28, 2022 /PRNewswire/ — Vail Resorts, Inc. (NYSE: MTN) announced yesterday that it has entered into an agreement to purchase a majority stake in Andermatt-Sedrun Sport AG from Andermatt Swiss Alps AG (“ASA”), marking the company’s first strategic investment in, and opportunity to operate, a ski resort in Europe. Andermatt-Sedrun is a renowned destination ski resort in Central Switzerland, […]
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Judges Approves Vail Resorts’ $13.1-Million Offer to Settle Labor Law Violations Lawsuit

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A judge has granted preliminary approval of Vail Resorts’ $13.1 million deal to settle five wage and labor lawsuits in California. The decision will likely put an end to a similar class action lawsuit filed in Colorado. Vail Resorts offered a $13.1 million settlement in January 2022 to five wage and labor lawsuits filed in California over two years ago. The settlement […]
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Vail Resorts Launches 2022/23 Epic Pass With Bold Investments in the Guest Experience

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Epic Pass launches at $841; Epic Local Pass launches at $626; Epic Day Pass is now more customizable with a third level of resort access  Vail Resorts plans $175M incremental annual investment into employees; $300M single-year investment into mountain experience with 21 new lifts across 14 resorts New deferred payment option available for 2022/23 passes; Epic FlexPay powered by Uplift, […]
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Vail Resorts Announces Q2 Financial Results: Revenue Increased 32% Over Previous Year

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Vail Resorts yesterday announced its financial results for the second quarter of fiscal 2022, which ended January 31, 2022. The company posted revenue of $906.5 million, up 32% over the COVID-19 impacted prior-year quarter. “The confluence of storm cycles, staffing challenges and the spike in Omicron variant cases created challenges through the holiday period impacting our resorts’ ability to fully open […]
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Vail Resorts Announces $20 Per Hour Minimum Wage for Employees and $21 Per Hour for Ski Patrollers

Today, Vail Resorts’ new CEO, Kirsten Lynch, announced a $20 per hour minimum wage for all 37 of its North American resorts, effective for the 2022-23 ski and ride season. Entry-level ski patrollers and maintenance team members will start at $21 per hour. To ensure career and leadership wage differentials, Vail Resorts is also increasing wages for non-entry level hourly […]
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