Vail Resorts, Inc. said season-to-date revenues from retail and rental operations at its resorts were up 8.3 percent over the comparable period last season through April 24.


The company also shared other interim period data that are subject to fiscal quarter end review and adjustments, including:



  • Season-to-date lift ticket revenue at the company’s six mountain resort properties, adjusted as if Northstar-at-Tahoe (acquired in October 2010) was owned in both periods, and including season pass revenue for each period, increased by approximately 8.0 percent through April 24, 2011, compared to the prior year period ended April 25, 2010.
  • Season-to-date total skier visits for the company’s six mountain resort properties, adjusted as if Northstar-at-Tahoe was owned in both periods, were up approximately 3.9 percent through April 24, 2011, compared to the prior year season-to-date period ended April 25, 2010.
  • Season-to-date ancillary revenue increased at the company’s six mountain resort properties, adjusted as if Northstar-at-Tahoe was owned in both periods, with ski school up 8.4 percent, dining up 9.0 percent and retail/rental higher by 8.3 percent through April 24, 2011, compared to the prior year season-to-date period ended April 25, 2010.
     

 “The 2010-2011 ski season has come to a close and we are pleased with the ski season metrics across our six resorts,” said CEO Rob Katz. “Our increased metrics held up despite very strong Spring Break/Easter metrics in the prior year and a very late Easter holiday in the current year.


“Consistent with our concerns, the timing of Easter did have a negative impact on our metrics for the period, but we should note that Easter next season will be at a much earlier and favorable date, April 8, 2012,” he continued.  “It was especially good to see the rate of growth in lift ticket and ancillary revenue continue to outpace skier visits due to price increases across our lift ticket and season pass products, together with increased spending per visit.”

 

Below is a table highlighting the season-to-date metrics for our six resort properties, adjusted to include Northstar-at-Tahoe as if it was owned in both periods.  Had Northstar-at-Tahoe been excluded for both periods, the results would have been similar to those reported.  
 


 



















































Season-to-Date Ski Season Metrics Adjusted for Northstar-at-Tahoe(1)


(% change from prior period)




Season-to-Date


4/24/11 vs. 4/25/10

Lift Ticket Revenue

8.0%

Ski School Revenue

8.4%

Dining Revenue

9.0%

Retail/Rental Revenue

8.3%




Skier Visits

3.9%




(1)Adjusted to reflect as if Northstar-at-Tahoe was owned in both periods.


 

 
Vail Resorts, Inc subsidiaries operate the mountain resort properties at the Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, the Heavenly Ski Resort and Northstar-at-Tahoe in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge company in Jackson Hole, Wyoming.  It also operates more than 140 ski, bicycle, tennis and golf specialty stores at its resorts and in the San Francisco Bay area.