Amador County - Despite being in the middle of one of the worst economic recessions in our nation’s history, Kirkwood Mountain Resort recently announced record profits for the 2009-10 fiscal year. The resort, located within the eastern border of Amador County, reported last week that net profits were 25 percent higher than any previous year in its history. This marks the second year in row that the resort saw a 50 percent gain in profitability. Julie Koster, Kirkwood Director of Sales and Marketing, said in a release that “operating results were buoyed by a strong winter performance along with a noticeable increase in summer revenues.” Also last fiscal year, Kirkwood’s real estate sales exceeded the three prior years combined nearing over $30 million in finished products. “We are extremely pleased with the results from last year,” commented David Likins, CEO of Mountainspings Kirkwood LLC and Kirkwood Mountain Resort. “This level of performance clearly demonstrates what we have understood all along – namely that skiing provides such a great family value that it will not only survive but even thrive in the face of the very challenging macroeconomic climate gripping California today.” A recent report from Ski Lake Tahoe, a marketing cooperative consisting of the seven major ski resorts in the region, indicated a 17 percent increase in skier visitation last season. The National Ski Area Association announced that the 2009-10 winter season was the second busiest on record. “Kirkwood managed to stay out in front of the economic downturn in late 2008 through its innovative mid-season vacation packages and discounted pass programs, both of which yielded strong results,” said Likins. “The resort plans to continue to find ways to offer added value for its guests along with ushering in a number of off-season improvements both on and off the mountain.” This email address is being protected from spambots. You need JavaScript enabled to view it.
Monday, 20 September 2010 06:24
Kirkwood announces record profits for 2009-10 fiscal year
Written by Tom-
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Amador County - Despite being in the middle of one of the worst economic recessions in our nation’s history, Kirkwood Mountain Resort recently announced record profits for the 2009-10 fiscal year. The resort, located within the eastern border of Amador County, reported last week that net profits were 25 percent higher than any previous year in its history. This marks the second year in row that the resort saw a 50 percent gain in profitability. Julie Koster, Kirkwood Director of Sales and Marketing, said in a release that “operating results were buoyed by a strong winter performance along with a noticeable increase in summer revenues.” Also last fiscal year, Kirkwood’s real estate sales exceeded the three prior years combined nearing over $30 million in finished products. “We are extremely pleased with the results from last year,” commented David Likins, CEO of Mountainspings Kirkwood LLC and Kirkwood Mountain Resort. “This level of performance clearly demonstrates what we have understood all along – namely that skiing provides such a great family value that it will not only survive but even thrive in the face of the very challenging macroeconomic climate gripping California today.” A recent report from Ski Lake Tahoe, a marketing cooperative consisting of the seven major ski resorts in the region, indicated a 17 percent increase in skier visitation last season. The National Ski Area Association announced that the 2009-10 winter season was the second busiest on record. “Kirkwood managed to stay out in front of the economic downturn in late 2008 through its innovative mid-season vacation packages and discounted pass programs, both of which yielded strong results,” said Likins. “The resort plans to continue to find ways to offer added value for its guests along with ushering in a number of off-season improvements both on and off the mountain.” This email address is being protected from spambots. You need JavaScript enabled to view it.
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