Intrawest Resorts Holdings Inc. is entering the 2015/16 Winter season with strong momentum in pre-season bookings and Retail and Rental sales at its six mountain resorts.
The Denver, CO-based company reported season pass and frequency product sales for its resorts were up approximately 15 percent versus the same time last year prior to the recent launch of its fall season pass and other sales promotions. The company's four-season mountain resorts include Steamboat and Winter Park in Colorado, Stratton in Vermont, Snowshoe in West Virginia, Tremblant in Quebec and Blue Mountain, an Ontario, Canada resort acquired in September 2014.
Winter guest night reservations at Intrawest's Adventure Segment, which takes people heli-skiing in Canada, were up approximately 8 percent versus this time last year.
Intrawest released the data Sept. 9 in its fourth quarter earnings report, which showed same-store sales at its Retail and Rental operation grew 9.8 percent in the fiscal year ended June 30. By comparison, same-store revenues at its lift, ski school, lodging, and food and beverage operations grew 8.1, 9.9, 4.3 and 4.1 percent year over year.
Total Rental and Retail sales, including sales from Blue Mountain, grew 24.1 percent to $56.8 million, making Retail and Rental the fourth largest business in Intrawest's Mountain segment behind Lift ($182.3 million), Lodging ($57.8 million) and Food & Beverage ($56.7 million).
Intrawest's newly issued guidance for fiscal 2016 calls for Mountain segment revenue to grow 2.1-to-5.6 percent to $435-to-$450 million and Adventure segment revenue to decline 7.0-to-12.2 percent to $85-to-$90 million due to currency impacts. The outlook assumes a USD/CAD exchange rate of 1.33 and average snowfall and weather conditions.
