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Business Wars Daily

Vail Resorts Have Growing Pains

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 28 January 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Friday, January 28, and we're looking at Vail Resorts, Inc. vs. Alterra Mountain Company.

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Transcript

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0:00.0

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0:04.8

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0:08.5

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0:49.2

Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this January 28th.

1:07.9

Happy Friday, one and all.

1:09.5

Hey, if you're thinking of hitting the slopes this weekend,

1:11.7

you may want to bring a lawn chair and a book to pass the time you'll likely spend in the

1:15.2

lift line. Nearly 60 million skiers visited U.S. resorts last season, making it the fifth

1:21.2

busiest season for the industry on record. Despite many ski areas not being able to open until

1:27.0

well into December, this season's numbers are already looking like they'll 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

1:45.3

Vale Resorts, Inc., which started as one modest ski area in Colorado, but the company has grown

1:51.0

spending the last two decades, plus buying up local mountains across the country. Plus three in

1:56.2

Australia, but who's counting, right? Veil Resorts now has 37 ski areas in its portfolio, much to the

2:02.7

chagrin of locals living near those aforementioned ski areas. The company has been criticized

...

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