21 Burst results for "Vail Resorts"
"vail resorts" Discussed on Business Wars Daily
"January 28th. Happy Friday one and all. Hey, if you're thinking of hitting the slopes this weekend, you may want to bring a lawn chair in a book to pass the time you'll likely spend in the lift line nearly 60 million skiers visited U.S. resorts last season, making it the 5th busiest season for the industry on record. Despite many ski areas not being able to open until well into December, this season's numbers are already looking like bell explode too. Why? Well, it may be partially because of a business move by a certain mountain conglomerate. Yes, that's actually a thing. A move that probably has the company questioning its strategy. We're talking about Vail resorts Inc, which started as one modest ski area in Colorado, but the company has grown spending the last two decades plus buying up local mountains across the country. Plus three in Australia, but who's counting, right? Vail resorts now has 37 ski areas in its portfolio. Much to the chagrin of locals living near those aforementioned ski areas. The company has been criticized in the past for catering its past programs and amenities to more affluent international travelers rather than the people who actually live in the general area of the mountains it acquires. And speaking of past programs, that's what's gotten veil in a bit of hot water this season. Back in 2008, the company rolled out its epic pass, which shook up the industry according to The Wall Street Journal. Skiers could buy one pass that granted them access to several of veiled properties. It was a win win for skiers who got to try different resorts and for veil too, which entered the ski season already flush with cash from those sales. But this season Vail resorts did something that had folks scratching their heads. It dropped the price of its epic pass by 20%. That of course sent buyers into a frenzy. In December veil said it expected to sell 2.1 million epic passes. 700,000 more than last season, according to The Wall Street Journal. You can probably see where this is going. 2.1 million epic passes means a lot of folks at Vail resorts. Lots of visitors coupled with COVID induced staff shortages has spelled trouble for many of veil's properties. One frustrated skier turned their anger into an Instagram account with almost 35,000 followers. Won the documents overcrowding it resorts on the epic pass. Followers report waiting 45, 60 even 90 minutes in line to ride the chairlift at some locations. Veil resorts chief rival altera mountain company didn't slash prices on its multi resort icon pass, which directly competes with the epic pass, altera doesn't publicly share numbers, but in 2019, the company said it had exceeded its estimate of selling 250,000 icon passes. A far cry from 2.1 million to be sure. Still, altera owned mountains aren't escaping the crowds either. Washington's crystal mountain recently implemented a policy that would force skiers to make reservations to get on the lifts. After pushback, especially from folks who had spent nearly a thousand bucks on an icon pass for unlimited visits to the mountain, executives changed course, and implemented a reservation system for parking instead. Listen, we get it. For many folks, nothing feels better than a hot drink at the end of a long ski day. But until heightened demand dies down or until veil resorts reins.
"vail resorts" Discussed on The Drill Down
"But the number numbers two million seven hundred eighty nine thousand five hundred seventy one. What that means. Tell you when the drill down continues to drill down brought to you. By era with era. Give yourself an information advantage. Connect directly earnings calls and other investor events with live transcription of intelligence. Let's era a. r. a. dot com. And you can listen to drill down on your amazon smart speaker all going to look with away from if you want to say loud enough alexa. Play the podcast more here. The children podcast on that smart speaker. Let us know companies. You think we should be drilling down on talk to us on twitter and instagram by following drill down pod and connect with us directly at our website biz. Pod net are back in july by that one number that tells us a whole lot. Isaac two million seven hundred eighty nine thousand five hundred seventy one big number. What's not necessarily leads. The revenues of this company in the last year but as i mentioned growing at a fantastic pace last quarter almost fifteen x. Return better than fifteen extra turn. A two point two point eight million dollars in revenues in the last twelve months on the markets. Give us a one point. Eight billion dollar valuation so clearly a bat on a success impending for this company. We shall see cory johnson. We do appreciate your time is webster's executive producer. Ben wilson. Our editor extraordinaire the drill down. Production of business podcast.
"vail resorts" Discussed on The Drill Down
"That is going to be producing. That's actually what we've contracted for to begin and as we get to that scale that centralized hub facility is really to get to larger financial scale for our business. Revenues driven by tons does ultimately driven by the tons that we process. And that is people can tell you. Keep dragging your quarters is coming up. Non linearity wise growing non linearity is because of the fact that this manufacturing base is also growing number nearly so as that continues to pace and go forward. We have to grow lockstep. And that's happening now in much quicker that we've ever seen in chunks. Well we haven't seen anything yet are gonna be nice. It's very time on the industry ministry in the sorry to be clear. I mean we've been dealing with vehicle for for a long time and it's not easy to get to where onto because you need technology and capital you need to feed you. Gave the offtake if all those pieces in place and we've been dealing with fourteen vehicle in battery. Oem customers but to be very candid. You know for a long time. It was the initial needs to hybrid. Barry's coming through dealers maybe damaged effective recalled quantities in asia. But i'd say for the first time and these five years of our history this year especially we're seeing this pronounced focus from them on the need for recycling scrap from a strategic perspective. Because they're worried about getting lithium. Nickel and cobalt is different critical materials. And they want our you know as we are moving towards to be up and running which of course a lot of great financial benefit but strategic benefit. So it's very interesting the time there but was almost like a marathon ramp up to the kern long spread to put it. That way was a slog to the hughes. Mining term does Let me ask you found such the the fifteen x improvement in revenue that you saw in their most recent third quarter the coordinated at the end of july compared to the previous year..
"vail resorts" Discussed on The Drill Down
"But i think it's really important not to drive past the fact that we continue to see strong growth in asp's across the whole marketplace driven by higher full price realization. We've been talking about for several quarters and lower markdowns and leveraging the capabilities of identifying our inventory. Knowing where we wanna put it putting it in the path of the consumer optimizing it between ourselves and our physical locations or digital locations and increasingly providing that endless access to some of our wholesale For some of our most strategic wholesale partners All of these things are contributing to a higher level of full price realization across the marketplace. And so we do believe that. This is the base from where we want to operate as opposed to a moment in time. And that's driving profitability for nike at a moment that That where there's lots of of disruption so. I thought that was kind of an interesting look at. Maybe why they're not just jacking. Prices like crazy right now but they are thinking about what the rest of the industry is doing to raise the average selling price of the things they so feel down. Vail resorts are you. Are you a skier snowboarder. As i've known you so long. I don't know this not a snowboarder. But i'm a skier end. Vail resorts you go to vail resorts i think. I've been to avail resort once or twice or more and more of them vail resorts trades centre. Mtn stands for mountain shares. Rose seven percent today and they've gained fifty seven percent of your what's new avail fifty seven percent think about. That's a fantastic thirty seven percents. Today's you'd but so is the eighteen percent the stocks up in the last week or so. The announced earnings today in the earnings were great and the stock has moved so much in the last week. I'm not saying there was insider trading or self care for those who might have known. I'm the saying the stock went nuts. Before we got to this point really the last few days and Is is in spite of the fact that there closures in australia. There are where they own resort. The there's there had been closures at whistler blackcomb you've been up there that's a fantastic place to ride. If part of mine broker broker broke daybreak. they're broke a wrist. Their intend to have injuries snowboarding but noting along a love guests. You're with an ex girlfriend actually was not all right okay nor was engaging in digital transformation there i was i was working on the story for. Cnbc was a long time ago. Nonetheless whistler blackcomb awesome That place was really hard to get to for travelers And then some of then later closed. They've announced him improvements over there also putting a lot of money into the resorts and they're seeing a big surge in ticket sales in advance of a season and also worth remembering some places like california last year had really lousy snow but These guys are seeing big advances in ticket sales resulting in a really big quarter for them in part because they lowered prices back this same conversation. They were having it nike. How much do you charge customer..
"vail resorts" Discussed on The Drill Down
"That's what is that's a very very cliff notes. Version of what's going on here and disney of course wants to retain ownership of the rights. It has to all all things marvel. So that's we'll see how this plays out. This has been going on since the seventies when you had characters. Well he had this with a howard the duck which also became a movie where there's a big battle behind the creators of that and who owned it and in fact was a key was a caricature about a disney character. Being in a marvel. Comic is n- ongoing thing about what creators own when they're working for somebody else stocks drilling down on today. Let's start with costco. Costco trades under c. o. s. t. Cost shares rose three percent and gained thirty four percent in a year. What's new with costco. Well costco reported earnings and they reported what i thought was really strong quarter there. There's their sales growth sixteen percent. If you take out gas and foreign exchange which is just strong with gas and foreign exchange s- eighteen percent com sales for the stores up fifteen percent also a bigger and canada Up to twenty percent. Canada ecommerce up ten percents. Remember eleven percent. Remember where we were a year ago. Right where you had of people in the pandemic buying in bulk buying for home a great time for costco And one of the reasons things are better is inflation. And they're seeing prices come up with they're raising prices interesting stuff though because they're having trouble getting stuff and they're having trouble getting all kinds of things they're seeing inflation..
"vail resorts" Discussed on The Drill Down
"Welcome to the drill down business stories. Buying stocks move. I'm cory johnson and september twenty four. We have episode number one hundred and three just ahead take a special look at the business problem of inflation. Other words how much and companies jack prices or look at their approach from nike and vail resorts different businesses. With interesting ideas. Costco has a unique solution to the shipping problem..
"vail resorts" Discussed on Snacks Daily
"Don angie tortellini. Fantastic new york knows food takeaway snack canal tomorrow. Can't wait and before we go happy birthday to michelle in the west village. Death taxes snacks daily. She loves author. Happy birthday to roberto lopez in kito ecuador. Abby myers listening on the elliptical right now in san antonio and pat porter snacking while eating sushi in the upper west online and to anita celebrating. The birthday down. Its home and victoria alina was born in chicago illinois congrats to her and her parents literal birthday congrats to grace from superior high school who just graduated with a four point three. Gpa thought it ended four. But you know always around and mid panther victoria. Chang just got a new job long island city jamie ginny claimed bam anniversary down in miami. Paul mir montes congrats on the first home. In riverside and kevin morris congrats on becoming a doctor of audiology at syracuse rant. Wanna get blown time. Snacker fully backs. In annapolis kevin morris parody acoustics to anyone else celebrating. Anything today make it. A tif celebrate wins. This is jack. I own stock of amazon. The robinhood snacks podcast. You just heard reflects the opinions of the host who are associated persons of robinhood financial llc and does not reflect the views of robinhood markets inc. Her any of its subsidiaries or affiliates. The podcast is for informational purposes. Only and is not intended to serve as a recommendation to buy or sell any security and is not an offer or sale of security. The podcast is also not a research report and is not intended to serve. As the basis of any investment decision robinhood financial llc member finra sipc yield jeb onis..
"vail resorts" Discussed on Snacks Daily
"Seventy five million dollars in profit at is across seventy nine ski resorts that vail has access to hear powder profit. This earnings reports colorful. They're spending thirty five million dollars on mountains skiing breckenridge enjoy. The new foreperson. High-speed length must be nice eager for. I raise your sixth grade in the quantum leftover vermont so chemo from four people to six people and high-speed during the whole family. Jack we could do a live podcast with the studio audience on that chair. Did you hear that kangaroos ski. I had no idea. I was shocked. By most mentioned resort the earnings report. I guess this growth areas while australia a resort called falls creek thirteen times. They mentioned their australian ski resorts control after in the ski vail earnings but nick and i noticed that the whole ski industry over the past few years has basically subscription fide skiing and snow vail resorts is using price as a weapon with their epoch. Passive all been there. Well not out as you're walking up in his fly low jacket and you try to buy a lift ticket aided al. It's a hundred seventy bucks for one day or you get the verizon season-long epic pass from various sorts. And that's gonna cost you a thousand dollars to break. Even if you ski six days or more you wanna get the season pass. But get this. they're resorts just drop. The subscription price for their annual ski pass by twenty percent to eight hundred dollars. Basically going from experts only proceed at your own risk. Yeah to blue square serrano. You're thinking how did this affect things where they curious little. Obviously more people bought passes again. This here's what we were shocked. By the number of more the number of passes sold so far is a fifty percent compared to twenty nineteen the normal prepayment which brought in thirty three percent more revenue dollars. Even though this past is now priced lower now the icon past which is the uber to epics. Lift which i've had the past few years another company. I love the disclosure. They didn't change the price of their ski pass this year. So a bunch of people probably defected from the icon passed to vail resorts new cheaper app. Four occasional scares who've never got a pass. They're like eight hundred bucks. I can handle that. So jack what's the takeaway for our buddies over vail resorts is x. Knackers chakma. I like to say that guac is always extra. If you get the guac for free you're paying somewhere else. Lock on top. That's free today paying extra chicken below. So if you buy the epic pass this spring on the mountain this winter. Mac surprise with the food and drug prices school the food and drinks at the lodge. Yeah you're gonna pay extra by the school. The ultimate daycare absolutely their parents. I'm a new parent you should do. That can't wait on the call. Jack and i noticed something interesting. The ceo of our resorts said they would get more aggressive about pricing on ancillary businesses. Like food and drink and like skis. It looks like epic tempting the discounted ski pass this summer right but it looks like you'll end up paying more when you actually go to the mountains. This winter jacket. Cheaper ski passes going to be an idea dragging mortgage brownies on the trump. And they're not gonna realize that walk is always extra healed jeb rone's yield for our third and final story two days ago. Bitcoin fell ten percent but yesterday it surge ten percents for the first time ever. Bitcoin was approved as legal tender by country. It's backing on this world. Inner were in miami. This past week wasn't in miami's jack. Dorsey and his beard was was actually awkwardly said that bitcoin was his passion not twitter that square the two companies e. l. floor. Bitcoin need unlike snacks this week. This central american country el salvador past with a super majority of laws embracing bitcoin aka the bitcoin laws easier unprecedented. Now bear in mind. El salvador doesn't have their own fiat currency right. They use the. Us dollar right now is their current but in ninety days there's got to be a beggar sister three parts change to this. The first thing that's going to change now salvador first businesses must accept bitcoin. Even if it's just a papooses stand at the end of the rest second. You can use bitcoin to pay your taxes. Whether you're person or a business el salvador's. Irs better get a bitcoin wall. Even if it's just a papu selling business erred. If you convert bitcoin to another currency you do not have to pay capital gains taxes nelson. Add that all up. Those are the brand new unprecedented. bitcoin loss. How they're going to pull that off. Logistically is unclear trump. they pass the laws is very a huge thing. Remittances remittance is the key here. Remittance is the long distance shipping of money basically remittances the global economy's great re balancing act of money remittance is when workers in like wealthier countries. Send back money to their family. That's living in a poor home. Imagine a recent immigrant working hard in the us. Sending cash back to their family in el salvador. Maybe remittances just crossing borders with money now. Can we share these wild numbers that we found jack last year. Seven billion dollars worth of. Us dollars was sent home to el salvador from el salvadorans living abroad. Jack and jumped in snacks. We noticed that al salvador's gdp is twenty seven billion dollars ipso facto. One quarter of the country's income through store is from money sent in from ex pats of his salvador living abroad. That's a huge percentage of their gdp. The major issue is that a lot of those remittance payments sent. All salvadorians is lost in fees paid to the gatekeepers of the remittance industry sending back. Us dollars he added. Pay some to western union. They take these huge fees. Fees fees fees and the whole point of bitcoin is the ability to transfer money cheaper faster. Twenty four seven so this unprecedented move for a nation could have an unprecedented eight save. Like a percentage points of gdp on fees huge. Deal so jack. What's the takeaway for buddies at bitcoin and us and the world for innovation in crypto currencies. Look to the emerging markets not the developed ones like the us knackers. His jacqueline are thinking developed markets. They're concerned with getting cryptocurrencies. But developing markets are ear to experiment with kripke uk. The united states the european union china. They've all been doing the opposite of what el salvador just less developed economies. They don't have stable currencies of their own necessarily so they have more to benefit from a currency alternative like bic right making remittance easier offers bigger more media potential benefits to salvador than it does to the us dollar doing pretty good in developed countries. Like the us have more to lose from a currency alternative. Bitcoin potential right because if every nation embraced bitcoin then the united states could lose their status as the world's reserve currency with the dallas suited old markets like the. Us they get the headlines for how they're like still trying to figure out cryptic a developing markets will start earning headlines for experimenting and embracing crypto jack. Kenya whip up the takers force over there. A major trove of leaked tax returns shows that the wealthy pages sixteen percent income tax for the ultra wealthy taxes are voluntary vail resorts the price of the past which boosted sales the epic pass by fifty percents walk. It's always extra you're going to pay more for guac in the ski lodge bitcoin. Just got el salvador's blessing for the most exciting crypto experimentation look into developing markets. Now time for our snack back to the day. This one tweeted in by daniel mode from lovely philadelphia on monday. Yeah planet earth had four ocean. Great on tuesday at had five. It did yeah. I had the arctic atlantic pacific and indian. That's what we grew up. I know you're thinking north. Atlantic south atlantic don't do the pacific south atlanta compass away but as of june eighth. Twenty twenty one. There's officially a fifth recognized ocean. The southern ocean the only ocean to surround an entire continent rather than be enclosed booth southern ocean. I checked it out on map. Geographic dot com kimmage elliott hugs antarctica. Like a donut. We've always had. We always ignored. We ignore it because it's like a degree over freezing. It's actually scary smackers. You'll look fantastic. Jack sleepover partout. I'm going out to long island to see the baby. I think you should aren't last night. Was the.
"vail resorts" Discussed on 600 WREC
"March. And here he is on that show hotline. Okay, I see him there, too. Mary. Hello, Dan. Welcome back to the show. Good morning. Thanks for having great to be here. Nice to have you back with this. Dan, Listen, we've covered in past weeks on the show with folks from Vail Resorts really have the resorts have had to pivot there protocols and procedures this year and from what we're hearing. Overall, the ski resorts have been doing pretty well. Travelers have adapted, and they've had some great skiing with less people on the runs. So have you seen a strong demand as well? And where people going most? Absolutely adapting. It is a great way to put it s O that he calmly we focus on sending throughout. Where's all over the world. So this year? Obviously, we're not sending people to To Europe in Japan s So we're really working out of the woodwork, folks really on the domestic resorts and, um and we're sending people all over the place all over the U. S. And really, what we're finding is that people are really interested in going our Volume of calls that we have is significant to move up from last year, and people are are working with us to help them navigate through all the code protocols and the restrictions and off all the chaps from people who have never been skiing before. So a lot for coming coming West Indies but mostly West, either to ski for the first time or no interest in seeing to just be applied them up. All right, that's great to hear dance, since everyone has had to adapt and pivot, including airlines and hotel industries, who've relaxed cancelation policies, and the airlines have actually eliminated change fees. What do you recommend for anyone who might be looking to still book a ski trip? Whether it's president's weekend coming up next month or for the spring? Is there such a thing as a refundable ski package or something like that? That's a great question. Um, we worked with thousands of different lodging, properties and resorts and everyone has kind of their own policies, so there's no true ski dot com policy. However, we have negotiated. Ah lot of flexible cancelation policy is with our partners and we actually we were kind of putting some of the stuff together Earlier in the year, we thought that book now was a little bit too strong for today's environment. So we started thinking about how RSVP'd was a little bit later and then kind of turned RCP into refundable ski vacation packages. So we're a great resource of travelers. They know that they want to travel, but they're not sure what the future holds so we can help direct them to the right type of vacation package. With either small or no deposit and flexible cancelation terms. There's absolutely all sorts of options for for people who We're looking for something refundable, right? Oreste CPR like it. All right, So I'm gonna have absolutely the flexibility right now is so important. You know, For the most part,.
In the Weirdest Ski Season Ever, Big Resorts are Booming
"About this time of year most years a lot of people start dreaming about their upcoming ski trips but this year is possibly the weirdest year ever for skiers and snowboarders last year marked a turning point in which two giant conglomerates took over the ski industry in two thousand eighteen. Colorado private equity firm called k. s. l. partners got together with another investor and launch the multibillion dollar altera mountain company altera snapped up big-name resorts including steamboat springs mammoth resorts in california and deer valley resorts l. Terrorism enormous rival vail resorts went on a buying spree to last year. Veil the biggest ski resort company in north america continued scouring the country for acquisitions the bottom line. These dueling mega corporations as the wall street journal. Call them bought. Most of north america's top snow resorts and started selling ski passes that work at dozens of locations in twenty nineteen veils. Epic pass was good. At sixty nine different global resorts alturas icon. Got you into forty-one resorts from colorado steamboat. Ski resort to switzerland zermatt. The numbers climbed even higher. During the two thousand twenty ski season their strategies aggressive acquisitions and virtual multi mountain season passes allowed the to dominate the industry. If you're a ski company mogul the financial future. Looked amazing notice. I use the past tense. There there's not an industry exact who saw cove at nineteen coming or how it would devastate the industry last march. More than ninety percent of america's resort shut their doors abruptly as a whole. The industry lost about two billion dollars. According to the national ski areas association veils fiscal twenty. Twenty revenues fell thirty percent. Altera is privately owned but likely to affect the same pain so you might assume that. The outlook is pretty dark this season. Well you might be wrong. At production time vale. Stock price was close to a record high. Almost two hundred eighty dollars a share. That seems head-spinning. On the one hand you have an industry that relies on traveling and gathering together in a year when both restricted but so far the outlook for vail tara is far from that of a year without snow. Sales avail season passes of already surged twenty percent this year reports the colorado sons jason blevins. Why with indoor activities. Few and far between outdoor recreation of all kinds has skyrocketed moreover to comply with regional cova capacity restrictions. Some resorts are restricting. Day lift tickets. They're giving first dibs to. You've got it. Season pass holders vail now. Terra designed multi mountain. Ski passes as a way to make sales all year long and take a little of the sting out of paying the lift ticket window but now a season pass has become almost essential for snow lovers. If you don't have one you might not ski at all and even if you do you'll have to reserve your trip ahead of time. Once you're there the experience will be very different. Not surprisingly you'll have to social distance in lift lines at some resorts. You won't be allowed on a lift or gondola with anyone. But the companions you came with most indoor dining in bars or closed you may have to reserve a parking space and the resorts would prefer that you steal a day off mid week and skip that weekend skiing. These safety precautions are designed to keep ski resorts open and keep skiers and snowboarders lining up with their boots keys and wallet. If cova cases start climbing near your favourite mountain though it could all change overnight in the meantime we have a few words of wisdom for you. The intrepid skier be patient. Watch out on those double black diamonds and don't forget. Bring your lunch
Vail Resorts invests in massive Nebraska wind farm
"None of the thirty four ski resorts owned by Vail are in Nebraska but the company is investing in the states. Abundant wind-power. Vale has committed to buying three hundred, ten thousand megawatt hours of energy from the new plum creek wind farm in Wayne. County. That's enough to offset more than ninety percent of the electricity used at all avails. North. American resorts just give you an idea of scale to about thirty thousand homes worth power annually for twelve years. That's cates Wayne Wilson Fail Senior Director of Sustainability. She says, the power purchase agreement helped bring the wind farm online this summer. So for us, it's really important in our renewable strategy that we're bringing new renewables to the grid and the project takes Vail resorts close to the company's goal of zero emissions by twenty thirty, and we're really excited and proud of that, and we're also looking at the local level of how can we engage in solar and wind and other renewables on the ground where resorts are. She says for Ski. Company like Vale Protecting. The environment is a necessity. The great outdoors is our business and we feel like we've special obligation to protect it. So by investing in wind turbines in the Great Plains Vale is reducing the climate impact of its High Mountain Resorts.
"vail resorts" Discussed on WBZ NewsRadio 1030
"On to that forecast will keep you up to date. W. B C. Boston's NewsRadio. It's starting to get a little bit better here in Boston. These clouds are breaking up 65 degrees here in the city. Good morning, 7 25 on a Tuesday morning, let's take a look at New England. Business. Now the furloughs have become permanent layoffs at another casino in Massachusetts, this time nearly 400 workers at the encore. Boston Harbor officials say it's unlikely that those jobs would be coming back any time soon because of Corona virus measures. Another slice of bad news benefits go away, effective today. Now, MGM Springfield recently let 1000 furloughed workers go but will keep their benefit packages through the end of September. Want to hit the slopes this winter? While you better make a reservation? That is the policy for the upcoming season at Vail Resorts, four slopes in New Hampshire. We're talking about wildcat. Add a Tash, Mount Sunapee and Cratchit Mountain says no. Before you go because the days of buying walk up tickets are pretty much over this season. Sunshine 75 today in Boston. As we head to the polls on Primary day in the Commonwealth, more than a million will cast ballots also coming up on W. B Z News radio this morning. Police are still looking for a hit and run driver in North Attleboro that left a man and a woman seriously hurt and over. Teachers dig in. As the school committee calls foul. What's next as they don't feel safe back in the classroom, those stories and more Coming up next stay with us and stay in the loop. It's 7 27 Donald Trump Really win and meet Joe Biden. Now a new bestseller by conservative thinker David Horowitz says he can and reveals President Trump's Riel game plan. It's all in David Horowitz is blitz despite the big media.
"vail resorts" Discussed on KOA 850 AM
"Money news as we check in with Pat well whether Colorado ski resorts gonna open for summer recreation it's a big question because summer is big business with the let's operating gate people on their mountain bikes on the trails there's all kinds of activity at the base of the mountain Vail resorts says it will re open its north American resorts for summer activity late this month or early next month fail saw its income plunge with the state mandated shutdown of the ski season in the southern hemisphere it's almost winter in Vail resorts says it plans to open three ski areas around Australia on June twenty fourth economists are still trying to get the rent out of their faces after Friday's epic fail when they got blind sided with the jobs report they got all wrong unemployment was expected to go up to nearly twenty percent in may it went down to thirteen percent explorations workers some workers were recorded as employed it but absent from work due to other reasons verses on employees on temporary layoff so counting certain heads differently did change the number and we could look at the main number as high as sixteen point three percent everything is business correspondent Deirdre Bolton says that's one reason for the error one of the other reason is that the PPP loan program the federal paycheck protection program which as we know encourages businesses to re hire workers that actually probably brought a lot of people back on payrolls earlier that is by design I mean the government stimulus was passed so I think in that sense we can say somewhat optimistically that it's working whatever the case the job report sent the markets soaring the Dow finished Friday with a gain of more than eight hundred points in stock futures point to more games today Dow futures are up by about two hundred forty points this morning the H. B. O. Max streaming services up and running but talk about changing the character of the character of the valley Valley quiet I'm on tell you what that is but not with a firearm on the H. B. O. Max brand new loony tunes shell Elmer Fudd has been disarmed a Warner brothers decision reacting to gun violence other cartoon violence remains though and those falling on heads characters getting blown up by T. and T. this is a new series of cartoons with adapted story lines for today's audiences that's funny update coming up at seven forty two Howard K. O. A. news radio.
"vail resorts" Discussed on KOA 850 AM
"In again with patches of markets rebounded all figures cross Marty so far stocks are up not quite as much as they were at the opening bell the right now the Dow is up seven hundred eighty five points the nasdaq is up to seventy five U. S. B. is up ninety also oil prices are up today by more than seven percent this improvement today comes after president trump floated the idea of a payroll tax to counter the impact of the corona virus companies aren't sure what to tell their investors and employees about the financial landscape ahead they'll resorts has withdrawn its twenty twenty fiscal year guidance company says you just can't predict the impact of the corona virus outbreak on its bottom line Vail resorts operates thirty four ski and snowboarding mountain in the U. S. and Canada that includes Vail mountain Beaver Creek Breckenridge keystone in crested Butte here in Colorado that lack is canceling the debut of its new all electric SUV because of coronavirus concerns General Motors luxury brand it planned to show off the lyric electric midsized SUV April second at an event in LA and lack said in a statement that it's scrubbing the unveiling out of an abundance of caution but they'll be in touch soon with an update another city hits the snooze button choose the A. M. eatery based in metro Denver will open a location in Atlanta next news now as more than forty locations in six states another bank may have taken a page out of the wells Fargo's book of phony accounts the consumer financial protection bureau accuses employees at fifth third bank of opening fake accounts in order to meet aggressive sales targets the C. F. P. B. alleges some of the fake accounts were actually funded meeting employees move money from a customer's existing account without their consent a violation of the truth in savings act in a statement the third calls the suit unnecessary saying it's already investigated and found eleven hundred accounts were fraudulently opened out of ten million accounts Wells Fargo was recently forced to pay billions in fines for similar offenses Terry Alden or ABC news New York I'm sure I can handle this next job my granddaughter might a website called upgraded points dot com is looking for someone to binge watch twelve Disney animated classics and their live action reboots some of the movies are Aladdin Cinderella The Jungle Book and one hundred one Dalmatians you have to complete a worksheet for each movie and then document everything of course on social media Hey is a thousand Bucks actually update coming up at eight forty two watered gateway newsradio all Colorado's morning news B. K. is here with a look at sports let's start with that met its win good to see them get exam bounce back they beat him the best record in the NBA the visiting Milwaukee Bucks one oh nine ninety five but head coach Michael Malone despite being happy sis team play well acknowledge Milwaukee didn't have their top two guys well I thought the defense is pretty good obviously we know that a lot of their key players were out Khris Middleton Yanis all those guys but it really wasn't about them it was about our efforts are focused and we were we willing to go out there and try to defend at a high level and I thought we did that no is it the road for three games starting tomorrow in Dallas as come up short in LA three one they add injury to insult as MVP candidate Dave McCann left the game with a lower leg injury head coach Jared Bednar who said he didn't see the injury obviously worried on his top player goes down he leaves again right.
"vail resorts" Discussed on Snacks Daily
"It happens to be a way better podcast than we did. Yes this is the best one yet. It includes Skis Jackson. You'll whip first story Vail resorts just reported earnings and it's revealing. The Battle of the ski pass is actually highly entertaining. You should plan your winter. Break Off. This story second-story Nafta is getting killed. It's getting replaced by the U. S.. ASK NCAA rolls out the dengue pretty much. The North American car deal. This is how the United States Mexico and Canada are going to build and sell things to each other and final title stories. The infant Unicorn of the day. It's called Yumi. Retargeting organic baby food subscription. They just raised eight million dollars to make your baby's belly food for it's not had a lot of money. They've raised but it matters who gave it to them now before we jump into all that there's nothing Jack and I appreciate more when you got one trend over here at one trend over a year and they merged right here Aka a trend send doesn't happen often when it does happen stars in the universe we wake up in the middle of the night. We start screaming. Oh Oh my God. I can't believe this is happening. It's happening right now. That's perfect because we've noticed a couple of trends that we've noticed we've noticed meat alternatives plant based right. We've noticed oat milk become a thing. Yeah milk alternative now in the fast food space. We've seen that plant. Based issue play out with the impossible walker beyond meatball sub. The Nestle Awesome Burger. They're playing out plant-based meets at fast food. Chain Taco Bell is taking plant based meats and merging it with milk alternatives in a bizarre way at this is going to be a new item called outrageous Taco. We actually thought that this outrageous like oh this is a great name short. Then we noticed we mis read it the Oak -rageous Taco instead of ground beef. They have some sort of oats even better because now made even more sent to cover this trend and sending this is meat made of oats mixed with those little spicy medium and mild Taco bell sauces. Have Little grow a little kitchen geniuses over a Taco bell they concocted this thing up themselves and the kitchen this is Taco bell created outrageous Taco. Sorry the hope -rageous tacos tested in Finland. Now it's in Spain and it's scaling into broader. You're up in. Probably the United States soon.
Ski Resort Wars Are Heating Up: Better Buy Your Ski Pass Now
"This episode of Business Wars daily is brought to you by sent pro online from pitney bowes shipping and mailing from your desk is never been simpler than with sent pro online from Pitney Leabeau's. Try It free for thirty days and get a free ten pound scale when you visit. PBA DOT com slash B W daily the UH from wondering I'm David Brown and this is business wars daily on this Tuesday September tenth hot out there well well if you're a skier no matter whether you're sweating and turning up the air conditioner as you listen to this. It's time to think about buying your ski pass. That's because the ski industry he has been consolidating over the last few years. Colorado giants Vail Resorts and Altarum Mountain Company has been doing two things each has been buying up resorts across the country country and abroad and they've been creating huge season pass programs the give pass holders access to the mountains they own as well as to partner resorts all over the globe globe as the two fierce rivals focus on selling more and more season passes daily lift ticket prices get ever more jaw-dropping last season season daily passes to vail or beaver creek another high end. Colorado resort broke two hundred dollars for the first time making those to Vail owned resorts the most expensive in the US. That's a hefty fee especially. If you want to bring the kids why so pricey will impart the strategies to force you to make the comparison and determined that a pass is far more economical than buying daily lift tickets why spend two hundred nine dollars to ski for a Single Day at Vale when you could good spent about a thousand dollars to ski all winter whether you're in Vermont or Utah even Japan for people who are sure they want to ski at least a few days this it's winter a pass from one company or the other can save you a bunch of money. Veils epoch pass is good at sixty nine different resorts the icon which Altera Tehrik created just last year will get you into forty one resorts from Colorado steamboat to the icons newest European Destination Zermatt in Switzerland. It's not easy to give a head to head comparison on prices because the potential combinations are dizzying. Do you want ski in only one state while there's a price for that. I want unlimited skiing including over holidays everywhere. That's different current prices unveils season passes range from about four hundred dollars for local resorts to nine hundred sixty nine dollars to ski anywhere including new resorts in Japan and Australia. Alturas cost around five hundred dollars for local resort pass say Colorado's winter park to just over a thousand bucks for access to all forty. One destinations and there are discounts for veterans teran's in children and for people who can skip the most popular holiday times. If you're shopping get actress spreadsheets depending on how much you ski either pass could save you megabucks compared to a single day lift ticket but you knew this was coming. There's a catch to get these discounts. You have to be a planner owner low prices and before Thanksgiving that's because a few years ago the rivals parent companies realized it would be smart to book revenue while Violets still warm out there rather than waiting for unpredictable Mother Nature to deliver customers early season pass revenue wooden just smooth out the bumpy nature of the ski a business it would give each company predictable revenue stream and for Vail boost share prices just like subscription businesses everywhere of course if you're an individualist. They're still bumper stickers on old vehicles in the Colorado rockies that say F- Vale you can still find an independent independent mountain or to those family mountains whether in Colorado or any other mountain state or often more down to earth not to mention cheaper than the glitzy resorts. It's being swallowed up by Vail and Al-Tara so grab that icy drink soak up just a bit more summer and start dreaming I mean but you you for the winters from wondering wondering this is business wars daily listen to like our show. Take a second and gives five star rating in a review on your favorite podcast APP. It really helps new listeners finders and for for that we thank you David Brown back with you tomorrow. All this episode is brought to you by send pro online from Pitney Bowes Shipping and mailing from your desk. Ask has never been simpler than with sent pro online from pitney bowes with Cipro. Online is just click sand and save for as low as four dollars ninety nine cents. That's that's right. Four dollars and ninety nine cents a month. Send envelopes flats and packages right from your. Pc and you are back to business in no time. Try It for free for thirty days and get a free ten pound scale but only when you visit P B dot com slash B._w. Daily that's P._B. Dot Com slash B W daily.
"vail resorts" Discussed on KQED Radio
"Snow sports contribute. Nearly seventy three billion dollars and nearly seven hundred thousand jobs to the US economy earlier this year udalls group published its own economic report during low sell for us. We found that the average number of jobs lost across the country is over seventeen thousand and the average revenue losses. Just over a billion dollars. Of course. Weather and snow seasons can vary quite a bit in response to a question on preparing for climate change, a Representative from Vail resorts said they're not too worried. They're having a really good snow year. And that's true. Chris linsmayer is with Colorado ski country USA an industry group that represents twenty three ski areas in Colorado this year, we've had plentiful early season snowfall. But he says it's important to note that over the long term the mountains have been seeing more frost free days, which has a huge impact on our industry, especially in the early season as resorts are utilizing manmade. Made snow and working to get the resorts open. That's certainly trend that we've seen and it's a trend the ski industry can't ignore changes. Certainly something that are resorts are seen affecting their business in in our taking seriously and trying to come up with solutions to it small resorts like arapahoe basin and big ones like Aspen, we actually debuted our newest summer activities center up on Snowmass this summer called loss forest. That's Christian nap with the Aspen skiing company, and we've got several cool activities built into the forest up there for families to enjoy there's an alpine coaster up there. We've got a giant rock climbing wall and we've really continue to build out our mountain bike downhill program as well. But he says Aspen is also focusing on how to make and keep more snow on their slopes for the fall winter and spring we are investing in more snow making coverage pipelines holding ponds more brushing on the mountains. You can open. With less snow all those things, you know, we want to be prepared going forward. Back at arapahoe basin. Mike Nathan says they're preparing that way too. And he says while summer offerings aren't a silver bullet. It will definitely help their.
"vail resorts" Discussed on KOA 850 AM
"Brought to you by Financial Engines, we're checking Wall Street, and we're off to kind of a slow start to the week on fears of a slowdown in China could fuel a global economic slowdown world's number two academy showed the weakest export import numbers in more than two years right now. The Dow is down one hundred eight points, NASDAQ is down fifty eight and the s&p is down. Fifteen Sears goes on the auction block today. The bankrupt company seemingly has one viable option to stay. Part of the retail landscape Eddie Lampert, the chairman and former CEO who oversaw the company's descent in the bankruptcy is offering to buy out the company for more than five billion dollars. Not everybody is on board with this plan. And that includes some of Sears creditors. If it does work out, though, it could keep fifty thousand people employed and several stores open across the country. If not could be the end of the line for a company that's one hundred twenty six years old. If you're drinking beer, do you really care about its nutritional details some brewers. Thanks. So starting next month. Bud Light drinkers, you no longer have to wonder just how many calories are in that can or bottle fat carbs protein to. It's likely to be the first of many brands to post nutritional information on bottles and cans, a move by major beer makers to do. So by twenty eight and in case, you're wondering, it's one hundred ten calories per twelve ounce bottle or can Daria Albinger, ABC news. While the snow is certainly better in the early season this year in the Colorado high country, then it's bad. But the previous couple years did some damage that's one takeaway from new numbers from Vail resorts, so-called destination guest visits were lower than expected in the pre-christmas period. Not so much at properties here in Colorado. But it's three Lake Tahoe resorts and a Whistler Blackcomb in British Columbia overall visitation up nearly seventy percent with lift ticket revenues up more than twelve percent in our next money update. Congratulations on another successful space shot. Here's your pink slip more on that at eight fifty five. Pat, Woodard, KOA NewsRadio. Thanks back. Coming up on Colorado's morning news. A Bill being considered that could lead to stiff fines for you using your cell phone holding it while you're driving..
"vail resorts" Discussed on KOA 850 AM
"Morning news money news. We check in with bats Wall Street looking at a slow start to get the week going as US stock futures are down about one percent import and export figures from China or driving down stock futures. The world's number two a showed show the weakest export and import numbers in more than two years that has investors worried about a slowing global economy possibly a recession. Sears goes to the auction block today. The bankrupt company seemingly has one viable option to stay in business. Eddie Lampert, the chairman and former CEO who oversaw the company's descent in the bankruptcy is offering to buy out the company for more than five billion dollars. Not everybody's on board though, including some of Sears creditors. But if it does work, it could keep fifty thousand people employed and several stores open across the country. If not could be the. The end of the line for a company that's one hundred twenty six years old. If you're drinking beer, you really wanna know what it's nutrition is all about some brewers think. So starting next month. Bud Light drinkers, you no longer have to wonder just how many calories are in that can or bottle fat carbs protein too. It's likely to be the first of many brands to post nutritional information on bottles and cans, a move by major beer makers to do. So by twenty eight and in case, you're wondering, it's one hundred ten calories per twelve ounce bottle or can Daria Albinger, ABC news. While the snow is certainly better in the early season this year in the Colorado high country, but the previous couple of years sure did some lasting damage. That's one takeaway from new numbers from Vail resorts, so-called destination guest visits were lower than expected in the pre-christmas period. Not so much at veils properties here in Colorado. But certainly at it's three Lake Tahoe resorts and Whistler Blackcomb. British columbia. Overall visitation was up nearly seventeen percent with lifting and revenues up. More than twelve percent here in Colorado Vail resorts operates Vail, beaver creek Breckenridge keystone in crested Butte in our next money update. Congratulations on another successful space launch. Here's your pink slip more on that at six.
"vail resorts" Discussed on Bloomberg Radio New York
"Till rates. Initial public offering are due to end next week. Just tell people till Ray cannabis cannabis. Canada and privateer has like seventy six percent of the company back to Vail resorts was people thought was joke when I remember the IPO million years ago. Bob kits CEO cannot just state the success story that's been over the last ten years the moonshot it's been the real estate angle in the skiing angle. Sure. Go right ahead. I will say though that the veil is down eight tenths of a percent. Last year was up this year before coming out with a lower earnings projection. And so now it's going to have a loss for twenty nine hundred ten years. Do you want to make twenty six percent per year? Apple computer, I get it or, you know, named the other company Vail resorts, very cool mountain MTN banker give us a brief there. We start Monday, right? We do and CitiGroup actually happens to be the only company in the S and P five hundred that is scheduled to report on Mondays through the week. I think Morgan Stanley ends at all. Thursdays there. Right. We get all of the top six. Stay J, P Morgan and Wells Fargo Wednesday. You've got the Bank of America. Sacks. And then Thursday's Morgan Stanley. What do you expect? Well, look, I mean, you should. Got the Jeffries news today. I miss it. Weaker sales and trading right. So the challenge will be did the fourth quarter volatility really helped them in terms of their trading business or hurt them. That's. This is really important. And you the pro at this running equity coverage over these if there was a trading screw up in the fourth quarter for any given Bank. We don't learn about it on the earnings call usually we learn about it in some form x number weeks later, right? Yeah. Me things do have a way of trickling out. When you get to the quarterly filings to US regulators. That's where the sort of thing. David wilson. Thank you so much a equities and stock market and also on the banks for is. Well, that was great with David Welsh on autos these guys out in Detroit or so wired up. Yeah. They realize how grim it wasn't Detroit. I did not realize they're already rationalizing and really getting set. Oh, yeah. In fact, I think that there's there's a slight decline in Canada that is the GM headquarters. She's on business stuff in somebody lasts me about it. And to me one of the great great mistakes in business is conflicting a fixed cost in pretending. It's variable costs in an autos that is fundamental. What percentage is really a fixed cost? So if they go from seventeen million units down to fifteen million units, that's a huge move on a fixed cost base. That's right. And I think that's really. The profound which is why they are closing plants executives in planners. A lot of times talk themselves in thinking something's a variable costs like looking at EBITDA and think that is a real sort of jumped John Tucker is a fixed cost we understand. This more vary than you. That was great. Thank you to David. Welsh. David Wilson, David Westin. Three david's. They're moving in a Friday futures. A negative nine futures negative seventy-five Vicks. I'm gonna call it under twenty..
Do You have a Purchase or Usage Brand?
"Then Get ready for the customer code. Your audio guidebook for creating incredible customer journeys your hosts, genie Walters, and Adam to pork are two of the most recognized and respected names in customer experience, and they have dedicated themselves to helping you improve your customer experiences. And now it's time for Adam and Jeannie. So Jeannie run-up there's so I heard. Yeah. So I hear all the time. Question, would you rather have buyers or users. Well, that's an interesting question for my business model, isn't it? I would say I would say users. We want people who are using the services and the products that we provide wall. Can't you have both? Well, they need to buy it. I. Exactly. And that is where I imagining because there was an article in Harvard Business Review called the most successful brands focus on users, not buyers. And my, I just sort of gut reaction was well whilst focus on both what they make a really good case about the strategic difference between the brands focus on buyers and focus on users. And one of these distinctions really hearkens to a message. I think we've talked about about one hundred times on this podcast which is focusing on the customer experience and on retention, but it goes a little deeper than that. I thought it'd be interesting for us to chat about it a little bit today. Yeah, I think it's, you know, the article itself in the study, I think was really interesting because it's basically putting kind of a different lens on what we do talk about. And I would say on, you know, episode three hundred plus we probably talked about three hundred hundred. But the idea of that post purchase experience and how you can really engage people not just to buy your products but to engage with the brand, which is actually what creates that emotional connection in that loyalty. And so I loved the example in the article about, you know, it's basically the makeup counter versus Sephora. And if you think about the makeup counter, which I know you always do at him at a Macy's or something that's really about you might you might ask for some help, selecting something. You might get a little, you know, overdone makeover there, but you're not really engaging with the idea of this is my brand and they're taking care of me and I want to know more about working with them where you might make a purchase and you might make a big purchase, but then going to a Sephora, you have access to not just the products and not. Just the people who want to sell you the products, but they have so much more to the relationship. They give you instruction. There's community involved with their apps and services around the products. And so it's much more reassuring as a consumer to walk into a Sephora and get that kind of support and that kind of experience rather than just buying something that you know they want to sell you. So that example really stood out to me because I think it is essentially the same product. It's just a totally different approach to let spend a lot of money getting them in the store to buy versus let's getting them. Let's get them in the store to provide the experience and outside of the store and really with our brand. So it's a, it's a cool way to think about it. It is because we've always talked about the difference between transactional and relational approaches. They're taking a little bit further. I would say with a strategic approach. Coach from a marketing perspective and a lot of ways, but also from a customer relations standpoint. For instance, one of the takeaways ahead was purchase brands emphasize promotion usage, brands emphasize advocacy, and they use it example of Vail resorts who just change your entire marketing strategy and put out this program called epic mix. And it's basically they had their own social network to the skiers can game a fi at that performance data. They get to use photos and share it with everybody. And you know, this is competing with ski resorts at are focusing on their snow and focusing on discounted lift tickets and all this kind of stuff. So it's a completely different experiential approach. But it's also truly as shift in strategic focus because you really can't do