Jun 9, 2015 11:53 AM by News Staff
A Vail Resorts earnings report blames low snowfall for a 33 percent drop in skier visits at its three California locations.
The Reno Gazette-Journal reports CEO Rob Katz said in a statement announcing earnings for three months ending April 30 that the company as a whole saw growth in some areas despite record low snowfall in Tahoe and a warm Utah spring.
Northstar, Heavenly and Kirkwood resorts in California saw the 33 percent decline in skier visits as the Sierra Nevada drought continues.
Lift revenue went up by 13 percent nationally, and overall earnings increased by 11 percent compared to the same time last year.
The company and its subsidiaries have almost a dozen resorts spread across seven states, including Colorado, Utah, Wyoming, California and Nevada.
Information from: Reno Gazette-Journal
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