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The Globe and Mail

Whistler Blackcomb revenue, visits climb back to pre-Olympic levels

Canadian gold medalist Maelle Ricker carves from a run at Whistler Blackcomb in 2010.

Bonny Makarewicz for The Globe and Mail/bonny makarewicz The Globe and Mail

Whistler Blackcomb Holdings Inc. says it booked net earnings of $15.1-million in period from Nov. 9, 2010 to Sept. 30. 2011.

The ski and mountain resort earned 40 cents per share during that period, when Whistler Blackcomb became a public company.

Total visits returned to pre-2010 Olympic levels by rising 15 per cent in the year ended Sept. 20 to 2.5 million from 2.2 million.

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Revenue increased by 20 per cent over the prior year from $179 to $216-million, which represented a return to pre-Olympic Winter Games levels.

Whistler Blackcomb, about 125 kilometres from Vancouver, was the main alpine skiing venue for the 2010 Winter Olympic Games.

"We continue to be pleased with our post-Olympic recovery and we ended fiscal year 2011 on a solid financial footing," said Dave Brownlie, the president and CEO of Whistler Blackcomb.

"From a visitation perspective, we drove record regional skier visits, we saw a recovery in destination skier visits and we had strong year-round visitation" added Brownlie.

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