Vail Skiing Taking a Hit from Warm November
Epic Pass sales are at a low thanks to a warm November.
As Coloradans, we love the sun and constantly brag about how it can be snowing in the morning and then sunny in the afternoon. However, we don’t love it so much when it interferes with our skiing and snowboarding. Unfortunately, this past November cut our season a little bit too short due to the warmer weather. By a little bit, I mean a lot.
Not only has this affected Coloradans, but it has also majorly affected Vail Resorts and the annual sales of the Epic Pass. The net loss attributable to Vail Resorts was $62.6 million for the first fiscal quarter of 2017 compared to last year in the same period there was a loss of $59.6 million. Although this news is not the best Vail Resorts has ever performed, it’s not as concerning as people think. With recent snowfall, lodging bookings in the major areas such as Colorado, Utah, California, and British Columbia are ahead from last year. Vail Resorts chief, Rob Katz believes this recent snowfall has spiked recent bookings.
While bookings and skiing can be affected by the weather in the winter, the summers for Vail Resorts revenue couldn’t be touched. Rob Katz says he is pleased with the $25 million Epic Discovery summer programs. Anywhere from zip lining, to premiere resort accommodations the summer is not to be missed at Vail Resorts.
Regardless of snow or sun, Vail Resorts seems to always come out on top. I also know one things for sure; One month of unusually hot temperatures in November isn’t going to keep Coloradans from getting their usual amount of skiing in for the year.
