Vail Resorts Cuts Outlook as Skier Visits Fall 20% on Weak Western Snow

Overview

• Vail reported a 20% season-to-date decline in skier visits through Jan. 4.
• Snowfall in November and December was about 50% below the 30-year average in the West and nearly 60% below in the Rockies, leaving roughly 11% of Rocky Mountain terrain open in December.
• Revenue through Jan. 4 shows lift tickets down about 1.8%, ski school down 14.9%, and dining down 15.9% versus last year.
• The company lowered its financial outlook and warned results could worsen if Rocky Mountain conditions do not improve by Presidents' Day weekend.
• Trail access remains constrained — Vail 56%, Keystone 53%, Breckenridge 33%, Beaver Creek 26%, Crested Butte 53% — with forecasters expecting little significant high-country snow until late next week at the earliest.