Vail Reports "Banner" Second Quarter Earnings

[thetrailboss]

http://www.saminfo.com/news/vail-resorts-posts-banner-second-quarter-results

Looks like their work in Utah with PCMR is paying off in more visits and more profits....despite bad snow.

And this fact is crazy:

VR’s cash flow was so strong that it “allowed us to pay down the full $182.5 million of borrowings … used to finance the Park City acquisition in September 2014," Katz said.

 

[ironhippy]

And this fact is crazy:

WOW, that's very impressive

I gotta admit, I gave them too much to ski in Colorado this December.

Kind of worried if this will turn into the Walmarting of ski hills though. It'll be harder and harder for the smaller owners to compete when every other hill is under one pass or another...

 

[wa-loaf]

Maybe they'll lower ticket prices .... hahahahaha I crack myself up ...

 

[thetrailboss]

Maybe they'll lower ticket prices .... hahahahaha I crack myself up ...

Good one! Kind of like how airlines have dropped fares now that fuel is cheaper


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[darent]

Maybe they'll lower ticket prices .... hahahahaha I crack myself up ...

"their ability to capture premium pricing" and our" 5.7 percent increase in ticket pricing" doesn't sound good for your wish!!!

 

[ss20]

WOW, that's very impressive

I gotta admit, I gave them too much to ski in Colorado this December.

Kind of worried if this will turn into the Walmarting of ski hills though. It'll be harder and harder for the smaller owners to compete when every other hill is under one pass or another...

I don't understand this, and I've heard it before. The same people who go to a small mom & pop hill aren't going to ANY Vail Resort. However, I do see mid-sized companies getting squeezed out, like Peaks and Boyne. But the giants (Vail and Intrawest) don't pose a threat to the little guys since the clientele is completely different.

 

[thetrailboss]

I don't understand this, and I've heard it before. The same people who go to a small mom & pop hill aren't going to ANY Vail Resort. However, I do see mid-sized companies getting squeezed out, like Peaks and Boyne. But the giants (Vail and Intrawest) don't pose a threat to the little guys since the clientele is completely different.

Hence why Boyne and POWDR have the MAX Pass.


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[jaytrem]

I don't understand this, and I've heard it before. The same people who go to a small mom & pop hill aren't going to ANY Vail Resort. However, I do see mid-sized companies getting squeezed out, like Peaks and Boyne. But the giants (Vail and Intrawest) don't pose a threat to the little guys since the clientele is completely different.

I think Intrawest is a lot closer in size to Peaks/Boyne than it is to Vail these days. I think Vail is in a class by itself at this point. But they will sell you a somewhat cheap ticket if you commit to skiing a good amount of days at their resorts.

 

[ironhippy]

I don't understand this, and I've heard it before. The same people who go to a small mom & pop hill aren't going to ANY Vail Resort. However, I do see mid-sized companies getting squeezed out, like Peaks and Boyne. But the giants (Vail and Intrawest) don't pose a threat to the little guys since the clientele is completely different.

Yeah, that's a good point, I hadn't really thought it out fully. I can see some people choosing one hill over another because they already have a pass that covers a the other hill that is close by, however those people are not making or breaking the ski hills today.

I do have to say, I have skied at 2 Vail resorts this year, but my season pass is to a hill that is owned by a single family (who are currently in the process of selling.. but it is currently a mom and pop place!)

 

[skiNEwhere]

If you think about it, the exorbitant $159 lift ticket is actually good for the little hills. For those skiers that don't buy an epic pass, this is there only option. I hear that ski cooper is doing pretty well with there ~$50 lift ticket. I skied loveland too on Monday and it was pretty crowded as well (relatively speaking, of course)