Crested Butte Mountain Resort just sent out a mid-summer report filled with some interesting news. On the real estate sales front 2010 has been a much better year than 2009. Ten of their Lodge at Mountaineer Square listings and another four re-sales have sold or are under contract in 2010. Their sales department told me that numerous properties are receiving multiple offers and some listings being sold for full price or more.
The resort’s summer visitor business has picked up considerably as well. CBMR is experiencing the best summer business levels in the history of the company with every revenue center and operational department performing at or ahead of budget. Their hotel occupancy for July will be up 25% over last summer and lift ridership is up 21%.
The addition of Mini Golf to the Adventure Park has exceeded everyone’s expectations with the Adventure Park showing a 60% growth in revenue. More than 1,500 rounds of mini golf were played during the month of July. Camp CB for Kids is also growing rapidly as they’ve posted a 40% increase in business to date. The real buzz in the community is about the mountain biking at CBMR. The Mountain Sports department and the Mountain Operations teams have done an incredible job of providing a fantastic biking and hiking experience on the mountain for their guests. All of this combined with more special events, weddings and group and conference business has created a new level of energy and vitality at CBMR.
For the upcoming 2010-2011 Winter ski season, CBMR reports that it’s group sales team has already booked twice the amount of group business compared to this time last year and we are currently up 62% in room reservations on the books in our hotels.
And, airline bookings are already pacing ahead of last year and flights now include new direct jet service from Houston on Continental along with two flights daily on American Airlines from Dallas and two flights daily on United from Denver.
Another indicator that Crested Butte is heading toward a great winter? Season pass sales are pacing ahead of the last five years. CBMR lowered the price significantly on their 10-day card and College Season Pass and introduced an Anniversary Pass good for 4 days of skiing for just $99 in celebration of the Crested Butte resort’s 50th anniversary.
Good news indeed. Thanks for reading day. We’ll see you in Crested Butte sometime soon!
Benson Sotheby’s International Realty
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