Industry News
In the earnings call yesterday, as well as covering the financials for the fourth quarter and year-end, Vail Resorts’s CEO Kirsten Lynch also teased some upcoming capital expenditure projects for next summer.
“In addition to this year’s significant investments across new lifts, expanded terrain and enhanced guest-facing technology, we are pleased to announce some select projects for our calendar year 2024 capital plan.”
– Kirsten Lynch, Vail Resorts CEO
At Whistler Blackcomb, BC, it plans to replace the four-person high-speed Jersey Cream lift with a new six-person high-speed lift. This lift is expected to provide a meaningful increase in uphill capacity and better distribute guests at a central part of the resort.
At Hunter Mountain, NY, it plans to replace the four-person fixed-grip Broadway lift with a new six-person high-speed lift and plan to relocate the existing Broadway lift to replace the two-person fixed-grip E lift, providing a meaningful increase in uphill capacity and improved access to terrain that is key to the progressive learning experience for guests.
At Park City Mountain, it expects to engage in a planning process to support the replacement of the Sunrise lift with a new 10-person gondola in partnership with the Canyons Village Management Association in calendar year 2025, which will provide improved access and enhanced guest experience for existing and future developments within Canyons Village.
All these projects are subject to approvals, and the full capital investment announcement is planned for December 2023.
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