Vail Resorts on Thursday updated its guidance range for the nine-month period ending April 30, 2021.
The company now expects net income attributable to Vail Resorts, Inc. to be between $258 million and $280 million and Resort Reported EBITDA (earnings before interest, taxes, depreciation and amoritization) to be between $636 million and $650 million.
“We are increasing our guidance primarily as a result of stronger than expected performance in March and April,“ said Vail Resorts CEO Rob Katz in a news release. ”Despite the challenging operating environment as a result of COVID-19 related limitations, our results continued to improve as the season progressed, primarily driven by the performance of our Colorado and Utah resorts where visitation, including lift ticket purchases, exceeded expectations.“
Apr 22, 2021
File photo courtesy of SIA
SPONSOR
Vail Resorts Inc. raised its guidance Thursday after more people than expected visited the company’s destination resorts in Utah and Colorado in March and April.
Both visitations and lift ticket purchases exceeded expectations at destination resorts in those states, and results at local mountains generally met plan.
Ski school, retail, rentals and food and beverage have been hard hit during the pandemic but turned out better than expected due to the increased visitation in Colorado and Utah.
Results at Whistler Blackcomb continue to be negatively impacted by the Canadian border closures and COVID restrictions.
Article content
Were it a normal year, hordes of skiers and snowboarders, filmmakers and other visitors would now be descending on Whistler, B.C. for the World Ski and Snowboard Festival, an international extravaganza of mountain culture, music and partying.
This year, however, the festival is being held virtually from April 16 to 23, and the mountain resort two hours north of Vancouver is getting international headlines for another reason. Whistler is at the centre of one of the largest outbreaks of the P.1 Brazilian COVID variant in the country, if not the world outside of South America.
We apologize, but this video has failed to load.
Article content
Were it a normal year, hordes of skiers and snowboarders, filmmakers and other visitors would now be descending on Whistler, B.C. for the World Ski and Snowboard Festival, an international extravaganza of mountain culture, music and partying.
This year, however, the festival is being held virtually from April 16 to 23, and the mountain resort two hours north of Vancouver is getting international headlines for another reason. Whistler is at the centre of one of the largest outbreaks of the P.1 Brazilian COVID variant in the country, if not the world outside of South America.
We apologize, but this video has failed to load.
COVID patients have a right to know if they were infected with variant of concern, medical ethicists say
Medical ethicists in Canada say people who test positive for COVID-19 have a right to know if their tests reveal variant strains of coronavirus, but that s not happening in the Vancouver Coastal Health region, where variant infections have been surging.
Social Sharing
Vancouver Coastal Health says patients only told if test is positive or negative, not which strain is involved
Posted: Apr 15, 2021 11:57 AM PT | Last Updated: April 16
After testing positive for the coronavirus, Hobson Lin wanted to know if he d caught a more transmissible variant because he had been serving customers at a Starbucks on the morning his symptoms began. But Vancouver Coastal Health says it doesn t give that information to patients.(Ben Nelms/CBC)