From Stowe to Switzerland, Vail Resorts transformed skiing. Now, on one of the busiest ski weekends of the year, customers are pushing back.
Vail Resorts issued its annual early season update to investors on Thursday, reporting that season-to-date total skier visits through Jan. 5
But revenue from lift tickets, season passes and dining is up as the ski giant looks to convince investors its business plan will work.
Vail Resorts, which faced backlash over a Park City ski patrol strike, gets hate from locals and ski bums over the corporatization of skiing.
Vail Resorts has mastered the art of getting skiers from a lower elevation to a higher one. But when it comes to doing the same for its stock investors, the chairlift is broken. The latest example is how an otherwise promising start to the ski season got derailed by a strike of ski patrol workers on Dec.
Across the internet, skiers and snowboarders swore off buying an Epic Pass and Vail Resorts (MTN) stock after Park City Mountain buckled under the weight of the holiday crush, a storm and a ski patrol and safety worker strike.
The strike at Vail Resort's largest U.S. ski property lasted nearly two weeks and shined a spotlight on the growing union.
Analyst Megan Alexander from Morgan Stanley maintained a Hold rating on Vail Resorts (MTN – Research Report) and keeping the price target at
Mizuho Securities analyst Benjamin Chaiken has maintained their bullish stance on MTN stock, giving a Buy rating on January 6.Stay Ahead of
Jan. 20, 1995 A Disney development was slated to be an integral part of the $75 million Village Center at Beaver Creek, the Vail Trail reported, but the project would not
Attorney Daniel Tarpey expects it to be an “arduous” and “long procedural fight.” He and co-counsel have to prove there are enough skiers that may have been harmed in the same way during Park City Mountain’s recent strike to justify class action.
Shaun Kelley, an analyst from Bank of America Securities, reiterated the Hold rating on Vail Resorts (MTN – Research Report). The associated