Wildcat behind the pack this year

[Brad J]

Please don't give them another useless way to spend money so they reduce their snowmaking budget

 

[ss20]

Please don't give them another useless way to spend money so they reduce their snowmaking budget

I don't think you can have a negative snowmaking budget so we should be good!

 

[yeggous]

Got word today on season stats. Ticket sales down 50%. Revenue down 30%. Lessons down 60%.


Sent from my iPhone using AlpineZone mobile app

 

[Pa. Patroller]

Wow if that is true that's incredible


Sent from my iPhone using Tapatalk

 

[gregnye]

Got word today on season stats. Ticket sales down 50%. Revenue down 30%. Lessons down 60%.


Sent from my iPhone using AlpineZone mobile app

Well considering that they never even made snow on Upper Wildcat, this shouldn't be a surprise to them! We can only hope things get better next year!

 

[Brad J]

Got word today on season stats. Ticket sales down 50%. Revenue down 30%. Lessons down 60%.


Sent from my iPhone using AlpineZone mobile app

do you think management wishes they gave the longtime snowmaking employees a wage they could live with now? wait to they see their season ticket sales. Please put the for sale sign up and please have Cranmore owners buy the place!!!!!

 

[snoseek]

Got word today on season stats. Ticket sales down 50%. Revenue down 30%. Lessons down 60%.


Sent from my iPhone using AlpineZone mobile app

Good, they get what they deserve. I hope this is motivation for them to either sell or improve a lot. Those are some fucked up numbers right there...impressive. Top brass should all be fired for letting that happen.

 

[sull1102]

Got word today on season stats. Ticket sales down 50%. Revenue down 30%. Lessons down 60%.


Sent from my iPhone using AlpineZone mobile app

I wonder if these are for both Attitash and Wildcat or just the 'Cat. Either way it's terrible, but if that is for two different hills then just WOW...

 

[yeggous]

I believe they are for just Wildcat.

Given that the passholders were fleeing the Cat this year, lines on the Bear Peak side of Attitash were out of control. In comparison the main Attitash side was remarkably quiet.

You have to imagine that the management now recognizes the snow making failures as an existential threat. Unfortunately it does not appear that Peak Resorts has fully learned their lesson about cutting corners. They cheaped out last summer and rebuilt the old pumps rather than replacing them -- and that led to the failure this year. Now word has come that they've bought a bunch of surplus pipe from a company in Texas and plan to install it themselves. Yeah, that will end well.

 

[sull1102]

I'm betting the numbers are for both mountains because of how interconnected the tickets are. I bought mine at Wildcat and then after two runs went down to Attitash and hopped right on the lift with my other pass. Does that count for the cat or Attitash?

 

[St. Bear]

If they're disclosing those numbers at a Wildcat town hall, I would imagine that they're just for the Cat, and not Attitash. It's not hard to track point of sale. What you do after the purchase, I don't see how they could track.

I'm betting the numbers are for both mountains because of how interconnected the tickets are. I bought mine at Wildcat and then after two runs went down to Attitash and hopped right on the lift with my other pass. Does that count for the cat or Attitash?

Using that logic, this would count towards Wildcat, not Attitash.

 

[yeggous]

I find it hard to say rebuilding pump is being cheap. We all do similar things all the time. Do we buy a new car when the brakes need rebuilding, or do we rebuild? What about repairing a rotted porch, do we buy new, or replace the rotted porch. Pumps fail all the time, be it for drawing too much current and tripping a breaker (on a very cold night, you ma not be able to reset that breaker fast enough unless you have paid a an to stand right next to the panel) or downright faire of the mechanical parts.

Calling pipe surplus makes it sound like bad pipe, it's leftover from a job and is still good pipe. I'm sure the welders can weld same as any other welder who can weld to install the pipe.

When the pump failed it was from a cracked casing of some sort. Not sure of the mechanical details.

It seems like the investments this summer are going to be primarily pipe and some new guns plus replacing the pumps in question. They just got new compressors because the new low energy guns require higher air pressure. This is a major reason why they had blowouts in the old pipes all over the place this year.


Sent from my iPhone using AlpineZone mobile app

 

[yeggous]

A cracked casing? If it was cracked at rebuild time, they could not rebuild it, as it would never hold pressure. Sometimes, things break.

I'm not saying it was cracked at the time, but metal fatigue builds over time. I'm not sure what pressures they were running at either. It happened the first time they tried running the new guns on Lynx. I suspect that has something to do with it.

A lot more things failed this year than ever before. I'm not sure if it was just bad luck, the existing system reaching some critical age and falling apart, or a result of increased demands on the system from the new guns and compressors. I suspect the last two were most to blame.


Sent from my iPhone using AlpineZone mobile app

 

[Brad J]

Got word today on season stats. Ticket sales down 50%. Revenue down 30%. Lessons down 60%.


Sent from my iPhone using AlpineZone mobile app

You have good intel, can you put numbers to the items, Like tickets sold , Number of pass holders , total revenue, lesson revenue???

 

[sull1102]

You have good intel, can you put numbers to the items, Like tickets sold , Number of pass holders , total revenue, lesson revenue???

I too would be very interested to see those as well

 

[yeggous]

I don't have this year's numbers but can give you a general sense based on previous years. They have about 77k skier visits per year and $2.9M in revenue.

Lift tickets and season passes combined are about $1.9M at Wildcat. Of that, roughly 25-30% is season passes. Food and beverage is about $500k and retail is about $200k, which combined net about $500k (not counting labor) since their material costs are $200k. Rentals about $100k. Lessons about $300k. Their labor budget is $1.2M. Utilities costs are about $600k. Property taxes are $200k. They have $4.4M in outstanding debt at a rate of 4% (which is much less than the 10+% rate of Peak's other debt) which works out to $27,300 per month.

 

[sull1102]

It sounds like Peak as a whole is going to be in huge financial hole before next winter even gets here. They'll have to sell off something just to pay their debt.

 

[St. Bear]

I don't have this year's numbers but can give you a general sense based on previous years. They have about 77k skier visits per year and $2.9M in revenue.

Lift tickets and season passes combined are about $1.9M at Wildcat. Of that, roughly 25-30% is season passes. Food and beverage is about $500k and retail is about $200k, which combined net about $500k (not counting labor) since their material costs are $200k. Rentals about $100k. Lessons about $300k. Their labor budget is $1.2M. Utilities costs are about $600k. Property taxes are $200k. They have $4.4M in outstanding debt at a rate of 4% (which is much less than the 10+% rate of Peak's other debt) which works out to $27,300 per month.

Not pretty.

 

[yeggous]

Not pretty.

This is why they wanted to go public a couple years ago. They wanted to use share holder money to pay off their high interest debt. They were not planning to touch Wildcat's debt since it is relatively low rate and owed directly to the previous owners.


Sent from my iPad using AlpineZone mobile app

 

[deadheadskier]

I don't have this year's numbers but can give you a general sense based on previous years. They have about 77k skier visits per year and $2.9M in revenue.

Lift tickets and season passes combined are about $1.9M at Wildcat. Of that, roughly 25-30% is season passes. Food and beverage is about $500k and retail is about $200k, which combined net about $500k (not counting labor) since their material costs are $200k. Rentals about $100k. Lessons about $300k. Their labor budget is $1.2M. Utilities costs are about $600k. Property taxes are $200k. They have $4.4M in outstanding debt at a rate of 4% (which is much less than the 10+% rate of Peak's other debt) which works out to $27,300 per month.

I know some restaurants in Stowe that do more total revenue than that.

Those are alarmingly low numbers for ski area of Wildcat's size and proximity to N. Conway.