News Roundup: Key Weekend

News Roundup: New Names

News Roundup: Good Things

News Roundup: Vail Numbers

  • Vail Resorts has sold 850,000 season passes as of September 18th, an 18 percent increase compared to last year at this time.
  • CEO Rob Katz assures skiers reservations should be widely available for most resorts on most days.
  • Vail lost $153.6 million in the quarter ended July 31st compared with an $89.5 million loss in the same period last year.
  • For the full fiscal year 2020, Vail reported a net income of $98.8 million, a decrease of 67.2 percent.
  • The company also recently cut 410 jobs.
  • Regarding capital projects and the seven lift projects Vail postponed this year, Katz said on the conference call:

“We are of course going to be monitoring the season closely before we come out with any plan for calendar year 2021. We’ll make sure we’re incorporating what happened this year. We will likely still be in a conservative approach though hopefully not as conservative as last year because the environment around Covid and travel has all improved. We will definitely be prioritizing projects that we think will have a significant impact on the guest experience and certainly some of the projects that we deferred from last year will be top of the list.”

News Roundup: Workers

News Roundup: Viral

Arizona Snowbowl to Install Combination Lift

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Arizona Snowbowl’s fourth new lift in six years will be the largest yet –  a chair/gondola combo lift rising almost 2,000 vertical feet.  The new base-to-summit workhorse will operate year round for skiers, snowboarders and sightseers beginning next winter.  “Since its inception, Agassiz has been the beating heart of Snowbowl,” notes the resort.  “With the replacement of the lift, we’re ushering in a new era.  More than an upgrade, the new Agassiz lift completely redefines the Snowbowl experience.”

Unlike most combination lifts, Agassiz will feature eight passenger gondolas between every two chairs (usually the ratio is more like one in four or five.)  Agassiz reaches an elevation of 11,500 feet and enclosed cabins will offer guests a comfortable option in inclement weather.  The gondolas will also provide improved access for guests with disabilities and ride time will decrease from 15 minutes to seven.  Capacity will remain a modest 1,200 skiers per hour so as not to overwhelm expert trails off the summit.

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In addition to summer and winter, Agassiz operates all fall for scenic rides.

The Leitner-Poma Telemix will be the third lift in the Agassiz alignment over six decades of history.  The existing Agassiz triple opened in 1986 and is currently inoperable due to a mechanical issue.  The CTEC is expected to be repaired this week and will finish out the remainder of the season.  Once removed, it will be stored for eventual re-installation at a location to be determined.

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Mountain Capital Partners has invested heavily in Arizona Snowbowl since purchasing the resort back in 2014.  Improvements to date include a new lodge, two different fixed-grip quads and a six place called the Grand Canyon Express.  2020’s project will be the largest in resort history and one of the most significant lift additions in North America this year.

News Roundup: Season Pass Season

News Roundup: Upper Peninsula

News Roundup: Big Game