This is a great article from the Vail Daily about Vail Resort’s 2013 Fiscal Year.
Vail Resorts officials Friday reported strong results for the company’s 2013 fiscal year, with gains in everything from pass sales to ski school revenue.
In a Friday call, company CEO Rob Katz said he’s “proud of our accomplishments” for the fiscal year — from Aug. 1, 2012, to July 31 of this year — saying the numbers reflect “… higher overall visitation, improved pricing, increased average guest spend and strong pass sales.” The company’s stock finished the day at $69.59, up 61 cents from the previous day’s closing price.
Katz gave call participants an upbeat look at the company’s performance. Season pass revenue increased 8.8 percent from the previous fiscal year driven, in part, by the company’s management deal for The Canyons resort in Park City, Utah.
Katz added that the company’s acquisitions of small, Midwest ski areas — Afton Alps in Minnesota and Mount Brighton in Michigan — have also helped spur season pass and lift ticket sales. Pass sales in the past fiscal year also include a new pass for Keystone and Arapahoe Basin, as well as the addition of resorts in Austria and France to the traditional Epic Pass. Those additions mean the company is growing in both the “high end” and “value” markets, Katz said.
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