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# Vail Resorts nearly bankrupt???

that's the RUMOR I hear, but don't know for sure. I know business' in Aspen and T-ride are hurting. I've already seen some go under and the lack of snow-or even cold weather- could really do some damage this year. Don't know about the Ski companies themselves although I've read the real estate market in Vail is down 25% and that's where they make their money. So we all need to go buy a house to help them out, OK?
Vail Resorts: We prosecute ticket clippers, that is stealing. By the way, we are not going to pay back our investors and creditors. :
I can tell you this, Trey, which may add fuel to the fire: Vail Resorts has certainly cut WAY back on their hiring at all of their resorts, and they've instituted a complete wage freeze this season for all employees. This comes on top of fairly massive layoffs last spring of a lot of middle and upper-level management.

Of course, Vail is not alone. Most resorts, ski or otherwise, have been tightening their belts and preparing for the worst since September 11. That, combined with the near total lack of snow so far this season, hasn't boded well for the Colorado ski resort industry.

If anything, I would expect Vail's resorts to fare better than many--assuming we get some snow. They are close enough to Denver that they get a lot of local skiers, and traditionally, they also get a lot of big groups coming in buses. Unlike some of the more remote resorts like Aspen and Telluride, it's not so important to fly to Summit County or Vail.

Time will tell....

Best regards,
Bob Barnes
Our country and our sport loses one to two ski areas a year on average. (these are smaller areas, usualy regional hills or day areas)
We have been involved in attempting to save some here and there. It is difficult as you say with the warmer seasons, these are SHORTER seasons.
My biggest fear is that as we lose the smaller day areas. That we are losing HEAD WATERS. These are the feeders for areas like Vail and Aspen. We need more people in the sport. To keep making improvements and to push the technology ahead. If we lose these local ski hills where will the skiers come from?
Statistics will show that the local hills produce most of the ski die hards. It is much easier for the family to go to the local hill and get some recreation. THe children have this memory and as they grow their own family they come back to the local hill. Vacations are planned and off we go to the Vail's and Aspens of the world. Now the ski hill that the new Mom's and Dad's had are gone. So guess what? The new generation does not get to go!
Vail will survive this season and several more to come. Things are tough but there is staying power. If we continue to lose the HEAD WATERS then we will all be looking for a place that is OPEN soon.
Dr Go

I agree with you. The little hill\big hill skier progression also applies to employment.

Vail has indeed cut back due to the uncertain times both with air travel and the economy (discretionary income).

I also thing we are seeing a move to "value experience". I.e. the company good times may be moving to the consumer value times for a while.

Likewise "rapid expansion" can equal "rapid collapse" if you have stagnant population growth.

There are many forces at play in the market place at the moment. Those stretched most will snap hardest.

Oz [img]smile.gif[/img]
<BLOCKQUOTE>quote:</font><HR>Originally posted by man from oz:

I also thing we are seeing a move to "value experience". I.e. the company good times may be moving to the consumer value times for a while.

Likewise "rapid expansion" can equal "rapid collapse" if you have stagnant population growth.

There are many forces at play in the market place at the moment. Those stretched most will snap hardest.

Oz [img]smile.gif[/img]
<HR></BLOCKQUOTE>

Oz,
The closer you get to these shores the more you sound like an economist, very Greenspan-esq.
Look foreward to seeing you in Vail!
Speaking of lack of snow, I'm not local to the Vail area, in fact I'm not a fan of the resort at all, but my cousin goes down there every year to visit a friend from Dec. 21-24. I'm planning on going with him this year, but I'm not sure of the snow situation. I know a lot can change between now and then, but I'm wondering what the locals think the conditions will be like then. Do you think that the superpipe will at least be constructed by then? We are buying our plane tickets this week. Good ol' Northwest has the frequent fliers tickets blocked then, but we can get tickets for under $300 with United, so the price isn't too bad, but I would rather have$300 in my pocket than have really bad conditions. Thanks for any input.

By the way, I have a great time no matter where I'm skiing or what kind of conditions I'm skiing in. I just don't want to fly down there and then end up having like 5 runs open and no halfpipe. The reason I'm concerned is because Big Sky is in that exact situation. They are opening on Thursday with only one run open, and its a green.

<FONT COLOR="#800080" SIZE="1">[ November 19, 2001 08:23 PM: Message edited 1 time, by 7 Mary 3 ]</font>
Go

Economist!!! Thats why its time to go skiing again ... I am much better looking than Greenspan ... which is not saying much.

Mary

I received an e-mail from the VA SS Director this morning and things are pretty grim in regards to snow. It is snowing at the moment though. His exact words where "all the guns are going as hard as they can". One thing about half pipes and terrain parks is that they are often formed from man-made snow. Large resorts parks have become quite reliable in this respect.

Check out VA page for updates.

Oz [img]smile.gif[/img]
7 Mary believe it or not, we will be opening the lone peak triple and (outside chance but a possibility) the Tram for thanksgiving. Coverage on the upper mountain ins't great but the snow pack we have is settled and compact. I skied Marx on the 9th of this month and it was not bad. There is a chance of some snow for thursday so we will see what happens but its looking like a lean year for most large ski companies.

<FONT COLOR="#800080" SIZE="1">[ November 19, 2001 10:19 PM: Message edited 1 time, by BSR ]</font>
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