TL;DR
Vail Resorts has reported strong growth in its North American destination mountain resorts and regional ski areas for the 2022/2023 ski season. Compared to the prior year, total skier visits are up 6.1%, while total lift ticket revenue, ski school revenue, dining revenue, and retail/rental revenue have all increased as well. The company's ancillary businesses have experienced strong growth compared to the prior year period, thanks in part to a return to normal staffing levels. Vail Resorts credits their advance commitment strategy for creating stability during a winter season with significant weather-related challenges.
Vail Resorts has released interim period data for the current ski season up to April 16, 2023, as well as data for the same period in the previous year up to April 17, 2022. The figures relate to the Company's North American destination mountain resorts and regional ski areas, including Seven Springs, Hidden Valley, and Laurel Mountain. The data excludes the results of the Australian ski areas and Andermatt-Sedrun in both periods, and is subject to review and adjustments at the end of the fiscal quarter.The season-to-date total skier visits increased by 6.1% compared to the prior year's season-to-date period, while total lift ticket revenue, including an allocated portion of season pass revenue, was up 4.0%. Additionally, ski school revenue increased by 26.4% and dining revenue increased by 35.3% compared to the prior year period. Retail/rental revenue for North American resort and ski area store locations also increased by 21.8%.Season-to-date total skier visits were up 6.1% compared to the prior year season-to-date period.Season-to-date total lift ticket revenue, including an allocated portion of season pass revenue for each applicable period, was up 4.0% compared to the prior year season-to-date period.Season-to-date ski school revenue was up 26.4% and dining revenue was up 35.3% compared to the prior year season-to-date period. Retail/rental revenue for North American resort and ski area store locations was up 21.8% compared to the prior year season-to-date period.
