Vail Resorts, Inc. reported North American ski season metrics for the period through April 20, 2025, on April 24, 2025. The results highlighted the stability provided by its season pass program and improved conditions, but noted continued industry demand normalization.
While destination visitation among pre-committed passholder guests improved as expected in March and April, visitation from uncommitted lift ticket guests was below expectations. Lift revenue increased compared to the prior year, driven by growth in season pass revenue, despite an overall decline in visitation.
As a result of the lower-than-expected lift ticket visitation in the spring, the company now expects Resort Reported EBITDA for fiscal 2025 to be in the lower half of the guidance range issued on March 10, 2025. The Resource Efficiency Transformation plan and strong cost discipline are expected to partially mitigate these impacts.
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