Word: liftings
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...During a brutal recession, you'd think a $90 lift ticket and two nights at a lodge would be a luxury. But luckily for ski-resort operators, the flakes have been flush this season. Most U.S. resorts are reporting above-average snowfalls. (Northstar-at-Tahoe, in the Sierras, clocked in with 3 ft. of new snow March 4-5.) So while revenues have slipped - particularly at retail shops and restaurants - fewer people are fleeing skiing than you'd think. Michael Berry, president of the National Ski Areas Association, an industry trade group, projects that total lift-ticket purchases will decline...
...After a bust-out 2007-08, that's not so bad. Last winter, skiers and snowboarders bought a record 60.5 million lift tickets. A 6% drop would translate to some 57 million tickets sold, a figure that would beat the 55.1 million total in 2006-07, a season when the economy was still frothy but the snow was lousy. Further, in the 30 years the National Ski Areas Association has tracked such data, the industry has sold more than 57 million tickets during just six seasons, each occurring in this decade. "At the end of the day, there...
...Program, through Jan. 31, occupancy was down 18% at the Western ski areas, while lodging rates dropped 8%. Vail Resorts, a public company that runs four ski areas in Colorado and one in California, reported a 5.8% drop in skier visits through early January and a 7.5% decline in lift-ticket revenue. The Aspen Skiing Company, which operates the Ajax Mountain, Highlands, Buttermilk and Snowmass ski areas, predicts skier visits will drop between 5% and 15% this year. (See the top 10 sports moments...
...There's lots of cash that's been tucked away around the world by people whose profit-taking will lift markets after big sell of periods, but that won't change the big picture," Touati says, "Only signs the U.S. has hit bottom and on the rise again will fuel a real rebound of international stock markets...
...hands with the shot clock winding down as he squared up, attempted to draw contact, and launched a one-handed leaner from the wing. The ball swished through the net, exciting the crowd, extending Harvard’s lead, and giving the team a much needed emotional lift. “It was obviously a very big shot for us,” Amaker said. “We were fortunate that he made it.” Columbia continued to apply defensive pressure, but the Crimson kept its cool, protecting the ball and hitting 12-of-14 from...