Vail Resortsโ Rob Katz Donates $32.5 Million to Local Charities | Almost $4.9 Million in Grants to Advance Mental Health Care and Support Racial Justice Efforts Vail Resorts yesterday announced that Executive Chairperson Rob Katz has exercised stock appreciation rights (SARs), and will be making a charitable donation of 100% of the net proceeds he received.ย After withholding shares for payment of the exercise price and taxes, Katz received 98,209 shares ofย Vail Resorts stock from the SARs exercise. Based on the net proceeds from the sale of […] Industry News SnowBrains | December 16, 2021 1 Comment
Vail Resorts Made a $139.3-Million Loss Last Quarter | Still Has $1.5-Billion Cash on Hand Vail Resorts Inc. yesterday reported a loss of $139.3 million in its fiscal first quarter, which ended October 31st, posting a loss of $3.44 per share.ย However, the result beat expectations, which were widely expecting a loss of $3.65 per share, and was less than the $153.8 million dollar loss the same quarter last year. The company continues to be negatively […] Industry News SnowBrains | December 10, 2021 2 Comments
Vail Resorts to Acquire Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area Vail Resorts, Inc announced yesterday that it has entered into an agreement to purchase Seven Springs Mountain Resort in Pennsylvania from Seven Springs Mountain Resort, Inc. As a part of the acquisition, Vail Resorts will also acquire Hidden Valley Resort and the operations of Laurel Mountain Ski Area. The purchase price for the ski areas, plus a hotel, conference center, […] Industry News SnowBrains | December 9, 2021 0 Comments
Park City Ski Patrol Union Continues Contract Negotiations With Vail Resorts to Secure Livable Wages The Park City Professional Ski Patrol Association (PCPSPA) has been meeting with representatives from Park City Mountain, UT, and Vail Resorts since August of 2020 to negotiate a new contract. The current contract covering approximately 200 Ski Patrol and Mountain Safety personnel expired in November of 2020. With the opening day of the 2021-22 season just around the corner, the […] Industry News SnowBrains | November 24, 2021 6 Comments
Vail Resorts Introduces Forecasted Lift Wait Times So Skiers and Snowboarders Can Maximize Their Time on the Slopes Powder day. Crowds. You know the story. Beginning in December, Vail Resorts will introduce full-day forecasts of lift line wait times in its EpicMix app, spaced in 15-minute increments at 12 of the company’s resorts. According to Travel + Leisure, the service will use data collected from the EpicMix App and will be available at Whistler Blackcomb, Vail Mountain, Beaver […] Industry News Martin Kuprianowicz | November 18, 2021 3 Comments
Vail Resorts to Limit Ticket Sales During Holidays to Prioritize Pass Holders As Vail Resorts begins to welcome skiers and riders back for a highly anticipated winter, the company is announcing new strategies taking effect during the 2021-22 North American season to enhance the guest experience and prioritize its pass holders. This includes: Limiting lift ticket sales during the three most popular holiday periods across its 34 North American resorts this season […] Industry News SnowBrains | November 17, 2021 1 Comment
Okemo Mountain Resort, VT, Postpones This Week’s Opening Day Due to Lack of Snow Okemo Mountain Resort, VT, had hoped to start its lifts turning on November 20th, but yesterday had to finally admit that that’s not going to happen. Related: The Top 9 East Coast Ski Resorts & Why You Must โSKI THE EASTโ The resort, bought by Vail Resorts three years ago, announced on social media that they would be opening late […] Industry News SnowBrains | November 16, 2021 0 Comments
Vail Resorts Not Allowing Employees to Ski/Ride Opening Day Opening day is upon us. You’ve waited all summer, dreamed of boarding your first chair of the season, making those first tentative turns, and having fun with your friends and family as you celebrate the start of a new ski season. Unfortunately, Vail Resorts employees will have to wait for a little longerโโthe company is restricting employees and their dependants […] Industry News SnowBrains | November 12, 2021 2 Comments