---
title: "Vail Resorts Flags 15% Skier Drop, Guides EBITDA To Low End"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283876506.md"
description: "Vail Resorts reported a 15% drop in skier visits this season, leading to a forecast adjustment for fiscal-year EBITDA, now expected at the low end of $745 million to $775 million. The decline is attributed to low snowfall and warmer temperatures, resulting in a 5.6% decrease in lift revenue. CEO Rob Katz noted that March conditions were atypical, affecting late-season visitation. Early indicators suggest continued pressure on future seasons, with a decline in pass sales for 2026-2027. This follows previous guidance reductions, marking this winter as one of the most challenging in history for the western U.S."
datetime: "2026-04-23T18:06:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283876506.md)
  - [en](https://longbridge.com/en/news/283876506.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283876506.md)
---

# Vail Resorts Flags 15% Skier Drop, Guides EBITDA To Low End

Vail Resorts is now tracking toward the lower end of its fiscal-year outlook, as weather conditions appear to have weighed more heavily on demand than previously expected. The company reported that season-to-date skier visits across its North American portfolio declined 15% through April 19 compared with the prior year, reflecting a backdrop of persistently low snowfall and warmer temperatures. That softness in visitation translated into a 5.6% decline in lift revenue, with shares falling as much as 2.8% following the announcement.

Management now expects fiscal-year resort reported EBITDA to come in near the low end of its previously guided $745 million to $775 million range, compared with expectations of $761 million. Chief Executive Officer Rob Katz noted that March conditions continued to run well outside historical norms, contributing to weaker late-season visitation and earlier-than-planned closures across several western U.S. resorts. The challenges were not isolated to a single period, as ski regions in Colorado, Utah, and California had been tracking snowfall levels well below normal for much of the season, in some cases reaching record lows before a late-February storm provided partial relief.

Looking ahead, early indicators suggest the pressure could extend into future seasons. The company has already observed a moderate decline in pass products sold and a slight decline in dollar revenue for the 20262027 ski season, although management indicated it is still early in the sales cycle. This update follows prior guidance reductions in January and March, with management characterizing the current winter as one of the most challenging in history across the western U.S., where record low snowfall and historically warm temperatures have continued to weigh on visitation and spending patterns.

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