Vail Resorts said today that stronger-than-expected skier visit numbers in spring at the company’s resorts helped boost overall ski season results.
The company said season-to-date total lift revenue was up approximately 7.6% through April 20, compared to the same period last year.
Ancillary spending outpaced skier visitation, with ski school revenue increasing 7.5% and dining revenue up 3.1%
Retail and rental revenue for resort store locations rose 5.1%.
Total skier visits were up 2.3% compared to the prior year season-to-date period.
The company’s Colorado resorts had a very strong season, Utah had a decent season, and conditions were challenging in Tahoe, though trends improved in March and April.
Previously, the company had reported results through March 9. During that period, total skier visits at its Colorado and Utah resorts grew 7.1%, while total skier visits at Tahoe resorts declined approximately 20.4%.
Because of the strong season in Colorado, the company now expects EBITDA for the full fiscal year to be at the high end of its previous guidance.
Vail Resorts and its subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Canyons in Park City, Utah; Afton Alps in Minnesota and Mt. Brighton in Michigan; and the Grand Teton Lodge Company in Jackson Hole, Wyoming.
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