The ALTERRA SUCKS Thread

[thetrailboss]

Vail's earnings call today is 5pm eastern time. I'll be listening in on this one.

And......their revenue was up.

Vail Resorts CEO says company is focused on earning back customer loyalty at country’s largest resort in earnings call

Vail Resorts CEO Kirsten Lynch told analysts Monday she was pleased with the company’s earnings results for the quarter despite not providing a good experience at one of its major resorts. In comparing the company’s...

www.vaildaily.com

 

[BenedictGomez]

And......their revenue was up.

Skier visits down, lift ticket revenue up. Lesson revenue up, rental revenue down, food revenue up. Maintains dividend & prior guidance. Used $20M to buy back their stock. Committed to increasing prices every year "several percentage points" in excess of inflation. Notes that while February visitation numbers were down, they think March/April skier numbers will be strong.

That's most of the important gleanings from the earnings call in a nutshell.

 

[thetrailboss]

Skier visits down, lift ticket revenue up. Lesson revenue up, rental revenue down, food revenue up. Maintains dividend & prior guidance. Used $20M to buy back their stock. Committed to increasing prices every year "several percentage points" in excess of inflation. Notes that while February visitation numbers were down, they think March/April skier numbers will be strong.

That's most of the important gleanings from the earnings call in a nutshell.

And Kirsten Lynch committed to improving the skier experience and winning back customers. Whatever that means.....

 

[jimmywilson69]

Weird thing to commit to increasing your price in a public forum and also commit to winning back customers.

Pretty much hard to do both IMO.

 

[xlr8r]

Le Massif added to Ikon for 25/26

Was already considering finally doing Tremblant next year, might now do Le Massif instead

 

[Hastur]

Mods should clean up this thread and get the Vail posts out of here

 

[4aprice]

Ikon Pass is really putting on an advertising blitz here in the NY metropolitan area both on TV and radio. Using the song 'Time of the Season" as background they are catchy and fun to watch. Enjoy seeing our sport get some air time.

 

[Zand]

Ikon Pass is really putting on an advertising blitz here in the NY metropolitan area both on TV and radio. Using the song 'Time of the Season" as background they are catchy and fun to watch. Enjoy seeing our sport get some air time.

Yup I've noticed that too in the Boston market. Heavy advertising especially noticeable during March Madness and the Masters.

 

[BenedictGomez]

Alterra's probably trying to score off of all the various terrible Vail PR news that went national this season.

 

[KustyTheKlown]

i havent seen any alterra advertising. i occasionally catch a vail commercial on smart tv apps. we don't have cable but we access a lot of channels' apps. i see physical stratton ads all over NYC transit

 

[jimmywilson69]

the Ikon add has been ruining my YouTube concert watching for weeks now...

 

[thetrailboss]

Alterra's probably trying to score off of all the various terrible Vail PR news that went national this season.

They’re probably worried about a recession and want folks to renew NOW. Last season sales were flat. And yes I’m sick of the ads as well. Use some of that money to replace North Ridge Express.

 

[cdskier]

They’re probably worried about a recession and want folks to renew NOW. Last season sales were flat. And yes I’m sick of the ads as well. Use some of that money to replace North Ridge Express.

I renewed today...

Not that I want to jinx it, but NRX actually ran surprisingly well this season once they got it finally running.

 

[machski]

They’re probably worried about a recession and want folks to renew NOW. Last season sales were flat. And yes I’m sick of the ads as well. Use some of that money to replace North Ridge Express.

Apparently that lift $$ from Alterra is headed to the PNW. They are replacing REX at Crystal with a new HSQ this summer now.

 

[thetrailboss]

Apparently that lift $$ from Alterra is headed to the PNW. They are replacing REX at Crystal with a new HSQ this summer now.

Yep. I just saw that.

 

[jimmywilson69]

I guess since The Basin is Altera Owned this can go here...

Meanwhile Sugarbush can't get a lift replacement or even repairs...

Arapahoe Basin Master Plan Envisions Two Gondolas & More

Arapahoe Basin today announced it submitted a new Master Development Plan (MDP) to the Forest Service for review. The plan includes several lift additions within the mountain’s existing 1,800…

liftblog.com

 

[machski]

I guess since The Basin is Altera Owned this can go here...

Meanwhile Sugarbush can't get a lift replacement or even repairs...

Arapahoe Basin Master Plan Envisions Two Gondolas & More

Arapahoe Basin today announced it submitted a new Master Development Plan (MDP) to the Forest Service for review. The plan includes several lift additions within the mountain’s existing 1,800…

liftblog.com

Sugarbush is getting extensive TLC repairs on its lifts this summer.

As to A-Basin, this makes sense for Alterra. It is their only owned resort in Summit County (yes, Copper is currently the rare partner resort that is unlimited on iKon but no guarentee Powdr keeps it that way forever) and it does lack parking and Novice learning terrain as no set up. The lifts proposed are for just that, an uphill learning center to be constructed and a secondary route out of the base. The pulse Gondi is for parking ease and I see tghe snowmaking improvements as widening the terrain available in the stretch part of their season. Of course, none of that is approved yet by the NFS, just starting that process. It could all get shot down still.

 

[letitsnow1]

Didn't Sugarbush just get a new lift this year

 

[x10003q]

Sugarbush is getting extensive TLC repairs on its lifts this summer.

As to A-Basin, this makes sense for Alterra. It is their only owned resort in Summit County (yes, Copper is currently the rare partner resort that is unlimited on iKon but no guarentee Powdr keeps it that way forever) and it does lack parking and Novice learning terrain as no set up. The lifts proposed are for just that, an uphill learning center to be constructed and a secondary route out of the base. The pulse Gondi is for parking ease and I see tghe snowmaking improvements as widening the terrain available in the stretch part of their season. Of course, none of that is approved yet by the NFS, just starting that process. It could all get shot down still.

A-basin could have solved some of their base crowding issues if they just went with a FGQ instead of the double chair on Pallavincini in 2020. I guess they forgot that they opened up the almost 500 acres Beavers section that can be accessed by the Pallavincini double.

 

[machski]

A-basin could have solved some of their base crowding issues if they just went with a FGQ instead of the double chair on Pallavincini in 2020. I guess they forgot that they opened up the almost 500 acres Beavers section that can be accessed by the Pallavincini double.

True, but very similar arguement to when Sunday River just went with a new Triple to replace the fallen Spruce Triple. That should have been a HSQ given the direct access to Jordan off the top. But managements concern was it wouldn't be used much for that and more for lapping limited trails off that peak, degrading the surfaces and experience. I'm betting that was the concern on Palli as well if they went bigger there.