Vail Resorts Expects To Sell 650,000 Epic Passes For The 2016-17 Season According to the Denver Post, Vail Resorts is expected to sell 650,000 Epic Passes for the 2016-17 winter season, which is up from its sales of 500,000 last year, thanks to their acquisition of Whistler Blackcomb. This astonishing number of passes sold is likely more than all of the other ski resorts in North America combined. It isn’t all good news […] Industry News Chris Wallner | December 12, 2016 0 Comments
Vail Resorts Eliminates 60 Jobs at Whistler Blackcomb In the world of business, mergers and acquisitions go hand-in-hand with layoffs and restructuring – the ski industry is no exception. With the ink barely dry on the 1.4 billion purchase, Vail Resorts announced yesterday it will be eliminating 60 jobs at Whistler Blackcomb. Rob Katz, Vail CEO, announced that these positions will now be carried out at the corporate offices in Vail, […] Robin Azer | November 17, 2016 0 Comments
Vail Resorts CEO Says Addition of Whistler Blackcomb, B.C Will NOT Increase “Epic Pass” Prices Vail Resorts CEO just stated that they don’t plan on raising Epic Pass prices despite the addition of Whistler Blackcomb – the largest ski resort in North America – to the Epic Pass in 2017/18. “Even though Whistler Blackcomb is one of the most impactful offerings that we’ve added to the Epic Pass, we still would absolutely not change our […] Industry News SnowBrains | August 12, 2016 6 Comments
Vail Resorts Stock Quadruples Its Value in the Past 4 Years Vail Resorts stock (MTN) has nearly quadrupled its value in the past four years. Vail Resorts shares have gone up 20% since September. That recent surge has coincided with significant snowstorms in Colorado, Utah, and California where Vail Resorts owns and operates ski resorts. Vail has increased its earnings at a 24% compound annual rate in the past 6 years. […] Industry News SnowBrains | December 9, 2015 1 Comment
NEWS: Vail Resorts Makes $1.4 BILLION in 2015 Vail Resorts made $1.4 billion in revenue during the 2015 fiscal year. This is the sixth time in the past decade that Vail’s revenues have topped $1 billion. This increase in revenue is being attributed to day ticket increases (up to $160 at Vail during holidays) and increases in visitation at their 11 ski resorts. The bulk of that money […] Industry News SnowBrains | October 5, 2015 0 Comments
Vail to Spend $100 Million Improving Its Ski Resorts in 2015/16: Vail Resorts will invest approximately $110 million to $115 million in resort improvements for the upcoming 2015-16 season to elevate the guest experience, bringing its five-year resort investment total to more than $500 million. The centerpiece of this plan will be linking Park City and Canyons, […] Industry News SnowBrains | August 26, 2015 3 Comments
Park City, UT Is Now the Largest Ski Resort in the USA After buying bought Park City for $182.5 million, Vail is now now connecting Park City to The Canyons (which Vail already runs) to create the largest ski resort in the USA at 7,300+ acres. The new ski resort will simply be called “Park City” but the old canyons […] Industry News SnowBrains | July 30, 2015 3 Comments
Vail Buys Australia’s Largest Ski Resort for $135 Million Vail Resorts announced yesterday that they have closed on their purchase of Perisher Ski Resort, the largest ski resort in Australia and their first international resort. Vail paid $134.8 million USD for Perisher ski resort. Vail announced their plans for acquiring Perisher this past March. […] Industry News SnowBrains | July 1, 2015 1 Comment
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