Double-Digit Visitation Growth Park City Resort
Vail recently released their second quarter 2016 earnings results which reported double-digit visitation and revenue growth at Park City, following their big capital investment of $50 million dollars to the Park City and Canyons Resorts. Revenue is up 9.9 percent over the same period a year ago while lift ticket revenue is up nearly 20 percent.
In the off-season between the end of the 2015 season and the start of the 2016 season Vail invested in mountain and infrastructure improvements most notably with the Quicksilver gondola ski connection between the resort formerly known as Canyons and Park City, resulting in the largest ski resort in the United States (7,300 acres). Other improvements included both restaurant expansions and also a brand new Miner’s Camp restaurant located at the base of the Quicksilver gondola.
Vail notes resort visitation has remained very strong throughout the year at all of their mountain resorts, and also sites their sophisticated marketing efforts as having an effect on revenue.
To read the press release click here.
To read the transcript from the recorded investor call, click here.
Park City Mountain Resort is the only resort with lift access directly to the town’s historic Main Street. You can ski or ride down the Quit ‘N Time or Creole runs to the multitude of shops, restaurants, bars and galleries that give Park City it’s authentic mining town look and feel. And, with ski in/out access to the Resort you can access the largest ski resort in North America directly from Main Street Park City!
For information on real estate at Park City Mountain & Canyons Village, contact us and we are more than happy to show you all the options to own within our ski town.