Jay Peak bombshell

[Zermatt]

evidence please

Evidence that it doesn’t please.

That will be up to Jay to defend that it doesn’t against the US government.

It’s pretty basic accounting that if your goal is a certain amount of revenue then you would need to raise prices in USD to offset the 30% discount.

 

[cdskier]

Evidence that it doesn’t please.

That will be up to Jay to defend that it doesn’t against the US government.

It’s pretty basic accounting that if your goal is a certain amount of revenue then you would need to raise prices in USD to offset the 30% discount.

I'm sure the US government is very concerned about a single ski resort in Vermont that accepts CAD at par... (only for transactions made via cash or check which already likely reduces the amount of people paying that way a decent amount).

This is such a silly and asinine argument...

 

[thetrailboss]

It also confirms that this trade practice does increase the cost for Americans and if the federal government chooses to start investigating unfair trade practices Jay would not be able to defend the practice and stay solvent at the same time. They would need to just cease giving Canadians a 30% discount.

Come on. This is not the crime of the century. A significant amount of their business is Canadian. It used to be owned by a Canadian company. I doubt that you even ski Jay Peak. Let it go.

 

[urungus]

Evidence that it doesn’t please.

That will be up to Jay to defend that it doesn’t against the US government.

It’s pretty basic accounting that if your goal is a certain amount of revenue then you would need to raise prices in USD to offset the 30% discount.
pretty basic accounting that if your goal is a certain amount of revenue then you would need to raise prices in USD to offset the 30% discount.

LOL, you said “this trade practice does increase the cost for Americans” … it is up to you, not me, to provide evidence to back up your claim.

Why do you think the Jay Peak management offers the at par policy ? It’s because they think it will make them the most money - the increased volume of Canadians looking for a bargain, and their ancillary spending, will be enough to offset the discount. And if they make the most money they can from Canadians, then Americans will be contributing the lowest possible percentage, which is what you want, right ?

 

[Keelhauled]

Evidence that it doesn’t please.

That will be up to Jay to defend that it doesn’t against the US government.

It’s pretty basic accounting that if your goal is a certain amount of revenue then you would need to raise prices in USD to offset the 30% discount.

Unless raising the price for Canadians would result in a greater than 30% drop in Canadian traffic, thereby leaving you with less total revenue in the end.