Vail Resorts Reports Season-to-Date Performance & Visitor Trends

Core Viewpoint - Vail Resorts, Inc. reported mixed performance metrics for the ski season-to-date, with a slight decrease in skier visits but an increase in lift ticket revenues, indicating a shift in guest behavior and expectations for improved performance in the remainder of the season [1][2][7]. Group 1: Season-to-Date Performance - The company experienced a 0.3% decrease in total skier visits compared to the previous year, while lift ticket revenues increased by 4.5% year over year [2]. - Ski school and dining revenues rose by 1.1% and 6.6%, respectively, but retail or rental revenues declined by 5.4% [4]. - Improved weather conditions contributed positively to the season-to-date results [2]. Group 2: Guest Behavior and Expectations - A shift in destination guest behavior was noted, with more guests expected to visit later in the season due to the late timing of the Thanksgiving holiday and normalization of industry demand [3][6]. - The company anticipates improved performance for the remainder of the season, supported by strong pre-committed guests and current lodging booking trends [7]. Group 3: Financial Outlook - Vail Resorts expects to meet its full-year Resort Reported EBITDA guidance, projected between $838 million and$894 million [7]. - The stock has increased by 4.2% over the past three months, slightly underperforming the industry growth of 5% [9].