After an epic year of expansion, investment, and snowfall, Vail Resorts is reporting what many consider to be all-time quarterly earnings.
Those earnings came as a surprise to many who doubted their gargantuan expenditures that included the acquisition and combination of Park City Mountain Resort and the Canyons as well as a $13 million dollar investment in Wilmot Mountain in Chicago. However, it appears as though all that capital was money well spent.
This season at Park City, skier visits rose above the 10% mark and a splendid ski season in California is allowing their resort interests in the Sierra to blossom in an otherwise climate change desert.
The stellar quarterly report also seems to have lit a fire under Vail Resorts executives to continue improvements. According to the Vail Daily, company executives plan to finish an upgrade the Sun Up chairlift @Vail, renovate the Pine Lodge at Beaver Creek, as well as build a 500-person restaurant at the summit of Breckenridge’s iconic Peak 7 chairlift.
Find the entire Vail Daily article here: Vail Resorts posts strong second quarter