![]() ![]() Related: Vail Resorts extends ski season at seven mountains.Perhaps the biggest beneficiary will be Keystone Resort in Colorado, where a new six-person lift will open access to 16 new trails in the mountain's Bergman Bowl. The investments will include 21 new lifts across 14 resorts. Vail's commissionable products, including the Epic Pass, are sold through its travel trade portal.Īhead of next ski season, Vail plans to invest $300 million into the on-mountain experience at its 40 global ski areas, including 37 in the North America. Powered by Uplift, Flexpay allows Epic Pass buyers to defer payments with zero down payment and zero interest until as late as September. Vail has also introduced Epic FlexPay for customers who buy the 2022-23 pass. Uniworld Boutique River Cruise Collection.Flurry of resorts emerging from the pipeline this year From Mexico City to Baja, here are some development highlights to note for 2023 and beyond.How Amadeus River Cruises is going green The Amadeus Nova will be the first in a new class of ships going forward that will focus heavily on incorporating.Mapping out a better way to travel Two nonprofits have initiatives underway that have the potential to change how some people will explore the world.Five elements to required disclosures When you need to disclose information to clients, here are five things to consider.that Vail Resorts acquired from Peak Resorts. ![]() “We are very pleased to see the growth in visitation this season, and in particular that it primarily occurred during off peak periods… For the season-to-date period ended April 30, 2022, compared to the season-to-date period ended May 5, 2019, visitation on weekday and non-holiday periods increased approximately 8% while visitation on weekend and holiday periods decreased approximately 3%, excluding Peak Resorts visitation in both periods,” she said, referring to resorts such as Mount Snow, Vt. Lynch also noted that there is a trend toward weekday and off-peak visits. Of course, if you look at an average of 40 resorts across the globe, lumping in Jack Frost, Pa., say with Stowe, Vt. All of this highlights that there is considerable opportunity to continue to grow the overall industry and skier visits outside of peak periods,” she said in a release. “Despite the growth in overall visits this past season, very few of our resorts even approached their historical maximum daily visitation, as our resorts averaged only 1 day this season exceeding 95% of their historical peak daily visitation and only 6 resorts had more than 1 day above that level, excluding the recently acquired Seven Springs Resorts. CEO Kirsten Lynch claimed the numbers show there is still room for growth. While many skiers at Vail Resorts’ three Vermont ski areas complained of long lines, traffic and crowding this past season (see Why Is Everyone So Angry At Vail Resorts?). Vail Resorts reported earning a net income of $372.6 million for the third fiscal quarter of 2022 compared to a net income of $274.6 million in the same period in the prior year. The company also increased the percentage of its visitors who use a pass, versus a day ticket, to 72%, up from 60% in 2021-22.Īll that translates into more than a 35% increase in revenue. This takes into account Vail Resort’s 2022 purchase of Seven Springs Resort in Pennsylvania. On June 9th Vail Resorts (which owns Stowe, Okemo and Mount Snow) released its quarterly earnings reports and guess what? Already, the number of Epic Passes sold for the 2022/23 season is up by 9% in units sold over last year. If you thought the boom in skiers and riders using Vail Resort’s Epic Pass had peaked, think again. ![]()
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