Thursday, May 2, 2013

Tahoe ski resort earnings better than last year



New PoleCat snowmakers at Squaw before installation.
Despite a second poor snow season, local resorts reported more revenues than last year.
Vail Resorts (Heavenly, Kirkwood, and Northstar) reported a 9.5% net revenue increase and skier visitation increase of 2.9% over the same period last year. Vail Resorts’ CEO, Robert Katz said,” We are very pleased with our performance in the second quarter of fiscal 2013”.

Mt. Rose reported their biggest gains in their equipment rental business due to the early holiday snow-fall.

Squaw/Alpine CEO, Andy Wirth said their new snow-making equipment helped make a better season. Squaw/Alpine invested heavily last year on snow-making equipment and lift upgrades.

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