Vail Resorts Stock Price, News & Analysis

The Luxury Collection Hotels & Resorts has opened The Hythe, a new luxury resort in Vail, Colorado, after a $40 million transformation. This marks Marriott's only Luxury Collection alpine resort in North America. The resort features 344 rooms, four dining venues, and a strong focus on alpine experiences. Guests can enjoy unique culinary offerings and wellness services at the Well & Being Spa. The venue also includes extensive meeting spaces and personalized service for events. Adjacent to Vail Mountain, the resort positions itself as a prime destination for both leisure and business travelers.

Vail Resorts has announced several operational enhancements for the 2021-22 winter season aimed at improving guest experiences, especially for pass holders. Key initiatives include limiting lift ticket sales during peak holiday periods and a new operating plan to increase lift loading efficiency. The company is also launching a new EpicMix app feature that forecasts lift line wait times. Additionally, Vail is investing in new lifts and terrain expansions across five resorts, representing a $320 million capital investment aimed at significantly enhancing the guest experience.

Vail Resorts, the leading mountain resort operator in North America, announces its Winter Getaway Sale with lodging rates starting at $99 per night for bookings from Oct. 11 to Oct. 14. Epic Pass holders can access the sale early, receiving an additional 20% discount on already reduced rates. The sale features discounts on lodging at various resorts across the U.S. and Canada throughout the ski season. Vail Resorts promotes flexible booking and enhanced safety protocols for guests amidst ongoing public health measures.

Vail Resorts and Toyota have formed a multi-year strategic partnership affecting 33 mountain resorts in the U.S. This collaboration aims to enhance guest experiences through various initiatives, including Toyota vehicles for resort operations and new terrain features. Guests can expect innovative activations like the Toyota Banked Slalom course and complimentary valet services. Both companies emphasize safety, sustainability, and community impact, committing to carbon neutrality and contributing to local communities through Vail's EpicPromise platform, which donated $18.3 million during the 2019/20 season.

Vail Resorts (NYSE: MTN) has announced a significant capital investment of $315 million to $325 million for the 2022-23 ski season, marking its largest single-year commitment to enhancing the guest experience. This plan includes the installation of 19 new chairlifts, comprising 12 high-speed lifts and a new 8-person gondola across 14 resorts. The initiative aims to reduce wait times, increase uphill capacity, and improve access to ski terrains, contributing to an overall investment of approximately $2.2 billion in a 15-year period for guest experience upgrades.

Vail Resorts, Inc. (NYSE: MTN) reported a net income of $127.9 million for fiscal 2021, a 29.4% increase from fiscal 2020, despite COVID-19 impacts. Resort EBITDA was $544.7 million, up 8.2%. Season pass sales for 2021/2022 surged 42% in units and 17% in dollars compared to the previous year. The company issued a fiscal 2022 guidance with EBITDA expected between $785 million and $835 million but anticipates a net loss of $156 million to $136 million in Q1 due to ongoing COVID-19 issues. A $315-$325 million capital investment plan for improvements was also announced, alongside a cash dividend of $0.88 payable in October.

Vail Resorts, Inc. (NYSE: MTN) will release its financial results for the fiscal year ending July 31, 2021, post-market on September 23, 2021. A conference call hosted by executives is set for 5:00 p.m. ET that same day to discuss the results. Investors can access the call via the company's website or by telephone. A replay will be available two hours after the call until October 7, 2021. Vail Resorts operates 37 mountain resorts and regional ski areas across North America, Australia, and Europe.

Vail Resorts announces its 2021/22 ski season, beginning with Keystone opening in October. With a focus on safety, the company has invested in a new snowmaking system to extend the ski season. The Epic Pass is being sold at a 20% discount for Labor Day, now priced at $783, down from $979. The company lists opening dates for 34 resorts, emphasizing new terrain and lift enhancements. Vail Resorts continues to prioritize health and safety protocols amidst COVID-19.