Breckenridge and Keystone Resorts, CO Donate 13,000-lbs of Fresh Produce to Local Food Banks When Colorado state governor Jared Polis ordered ski areas, restaurants, and non-essential businesses to close, many businesses were left with thousands of pounds of perishable food items that they had ordered in anticipation of a busy spring break period. Some sold to their employees at cost, but many donated their food to employees and local food banks. Related: Vail Resorts CEO […] Industry News SnowBrains | April 8, 2020 0 Comments
The Hardest Hit Companies of the COVID-19 Economic Crisis : ‘BEACH’ Stocks The COVID-19 pandemic has spread to over 100 countries and governments everywhere are implementing strict travel restrictions. As a result, “Beach” stocks, companies in the entertainment and travel sectors, have seen a $332 billion market loss in the past month, Visual Capitalist reports. Beach stocks are companies involved with: Booking Entertainment & live events Airlines Cruises and Casinos Hotels & […] Brains The Brains | April 7, 2020 0 Comments
Vail Resorts Calls Off All 2020 Lift Construction, Announces Drastic Reduction In Expenses Today, Vail Resorts announced the cancellation of all their lift construction projects for 2020. Some of the ski resorts Vail had intended on giving new lifts included Breckenridge, Beaver Creek, Keystone, and Okemo. The company made the decision as a response to the dramatic decline in their revenue stream due to the COVID-19 crisis. The mega-corporation expects this decrease in […] Industry News SnowBrains | April 3, 2020 1 Comment
Vail Resorts Announces Major Payroll Cuts, Suspends Plans For Expansion and New Chairlifts In a not-so-April-Fools announcement yesterday, Vail Resorts CEO Rob Katz sent out a letter to all their U.S. based employees that left most of them wishing it was in fact just a joke. All of their seasonal employees had already been let go the middle of last month as all the ski resorts in the United States and around the […] Industry News Chad Walker | April 2, 2020 3 Comments
Whistler Blackcomb, BC is Now Closed to Uphill Skiing Whistler Blackcomb, BC is now closed to uphill skiing and splitboarding, according to a news release from the resort over the weekend. A single route accessing Garibaldi Provincial Park remains open along Singing Pass, but it could close as well if the provincial government shuts down the park. Due to the COVID-19 pandemic, Whistler Blackcomb is no longer allowing uphill skiing/riding […] Industry News SnowBrains | March 31, 2020 0 Comments
Angry Vail Resorts Employee Places Sign In Front of Beaver Creek, CO Webcam In a letter to employees earlier this month, Vail Resorts CEO Rob Katz advised that in the best interests of the community, those who can return home should do as soon as possible. This also included any who had summer jobs with the company lined up. The direction came from Eagle County officials, and the company gave employees 10-days to relocate […] Industry News SnowBrains | March 30, 2020 0 Comments
Vail Resorts Stock is Dropping Rapidly As Season is Cut Short The rapid spread of the Coronavirus has forced Vail Resorts to suspend operations for the remainder of the season. Drastically impacting the largest publicly traded company in the industry, Vail Resort’s stock is now experiencing a major drop. Fear has taken hold of stockholders, among others, with the possibility of a recession becoming a reality following the pandemic. After reaching the […] Industry News Emily Crofton | March 18, 2020 1 Comment
BREAKING: Vail Resorts Announces That All of Their Resorts Will Remain Closed for the 2019-20 Ski Season All of Vail Resorts’ North American resorts will close for the rest of the season, according to a Tuesday morning statement from CEO Rob Katz, Vail Daily reports. Vail Resorts said in a Facebook post today, March 17 regarding their decision due to the COVID-19 pandemic: COVID-19 Update: Today we announced that all of our North American resorts will remain […] Industry News SnowBrains | March 17, 2020 0 Comments
Industry News
Brains
