Vail Resorts, Inc. reported season-to-date total skier visits were down 14.9 percent year-over-year through April 19 due to “record low snowfall and historically warm temperatures.” The resort operator now expects resort EBITDA for fiscal 2026 to be at or around the low end of previously issued guidance.
The ski season metrics are for the company’s North American destination mountain resorts and regional ski areas, excluding the results of the Australian and European resorts and ski areas.
Season-to-date total lift revenue, including an allocated portion of season pass revenue for each applicable period, was down 5.6 percent compared to the prior year period. Season-to-date ski school revenue was down 12.0 percent and dining revenue was down 11.7 percent compared to the prior-year period. Retail/rental revenue for North American resort and ski area store locations was down 6.6 percent compared to the prior year period.
Commenting on the season-to-date metrics, company CEO Rob Katz offered, “The winter of 2025/2026 has been one of the most challenging winters in history across the western U.S., with record low snowfall and historically warm temperatures negatively impacting visitation and spending throughout the season. March conditions saw a continuation of low snowfall and warmer temperatures well outside of historical norms, leading to weaker late-season visitation and earlier than planned closures for many resorts across the western U.S. As we previously highlighted heading into March, these dynamics increased variability and resulted in visitation declines for both destination and local guests, with the largest impact in the Rockies, where visitation declined 25 percent. As a result of these persistently challenging conditions, we now expect Resort Reported EBITDA for fiscal 2026 to be at or around the low end of the guidance range issued on March 9, 2026.”
Regarding spring season North American pass sales results, Katz noted, “Spring pass sales for the 2026/27 season are underway, and through the April 12 deadline, we have seen a moderate decline in pass product units and a slight decline in sales dollars. It is early in the selling period, with our first pricing deadline in May, and we will provide a more comprehensive update on pass sales trends when we report third-quarter results in June 2026.”
Vail Resorts’ portfolio includes Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb, Stowe, and 32 additional resorts across North America; Andermatt-Sedrun and Crans-Montana Mountain Resort in Switzerland; and Perisher, Hotham, and Falls Creek in Australia. Vail Resorts Retail operates more than 240 retail and rental locations across North America.
Image courtesy Vail Resorts
