Vail Resorts has announced that is has closed all of it’s North American Resorts and Retail Locations for the remainder of the 2019/20 season.
“Our decision to end the season now is evidence of the fast-moving situation involving COVID-19, and it was not an easy one to make as we deeply considered the extended impact it will have on our guests, employees and communities,”
Chief Executive Officer Rob Katz said in the companies market announcement. In the same announcement he said;
“The Company will consider reopening Breckenridge Ski Resort in Colorado, Heavenly Mountain Resort in Lake Tahoe and Whistler Blackcomb in British Columbia in late April/early May, dependent on the situation with COVID-19 as well as weather conditions.”
Vail Resorts Inc is publicly listed on the New York Stock Exchange and like many companies around the world is feeling the impact of COVID-19. Their stock price has taken a hit with their market capitalisation currently sitting at just over 6.5B USD at time of this report.