Vail Resorts Closes Due To Pandemic
Vail Resorts CEO, Robert Katz, announced today that they will suspend operations of all their North American ski resorts.
Robert Katz, CEO of Vail Resorts, announced today that it will suspend operations of all their North American ski resorts (including Vail, Park City, and Whistler-Blackcomb) due to concerns over COVID19. It is no coincidence that this comes on the heels of Colorado Governor Jared Pollis issuing an executive order that all ski resorts in Colorado should close.
This is bound to create ripples throughout the ski industry. Under Robert Katz, Vail Resorts has dramatically increased its market cap through a series of shrewd wins in recent years, from the widespread success of its Epic Pass to its legal success in taking ownership of Park City Mountain resort. All eyes are and have been on Katz for a long time, and other resorts are bound to follow suit.
This is an unprecedented time, one we'll not soon forget. But in the meantime, let's break out our skins and ski touring setups for some human-fueled spring laps.