News » Whistler

Whistler Blackcomb releases end-of-year financial results

Destination visitor numbers up



Whistler Blackcomb looks set to end 2012 with a bang.

Year-end results released today show total visits increased by 5.3 per cent to 2.647 million as a result of a 20 per cent increase in destination skier visits and record summer visitation.

Said Dave Brownlie, President and Chief Executive Officer of Whistler Blackcomb Holdings Inc.: "Our solid fourth quarter benefited from increased visitation, which contributed to strong financial results for fiscal 2012.

"We have now completed two years as a publicly listed company and we have demonstrated success in driving increased destination skier visits and record season pass and frequency card sales.

"We began our 2012-13 ski season five days early on November 17 as a result of excellent snowmaking conditions and since then we have received more than (3.5 metres) of natural snow. I am confident that we are well positioned for the season ahead."

Results for the three months ending Sept.30 showed summer visits increased by 8.1 per cent to 375,000 as a result of strong destination visitation, particularly from outside of North America and record visitation resulted in a 6.9 per cent increase in revenue to $27.4 million.

More to come.