The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brandt Antoine Montour - JPMorgan Chase & Co, Research Division - Analyst
: Congrats to Rob and Kirsten. A quick question on the past dynamics for this fall, upcoming season, and I think I understand the 2
that you mentioned, which is the pull forward, obviously, a tough comp last year. Is there any reason to expect a difference in mix
Question: Brandt Antoine Montour - JPMorgan Chase & Co, Research Division - Analyst
: Okay. And just as a follow-up maybe for Michael, when you think about guidance -- and I know you're looking for something like a
normal year for North America. You guys just put out a release about COVID protocols and requiring masks for activities indoors. I
guess what gives you confidence that, that's not going to impact consumer spend in F&B and other ancillary indoors? But then again,
obviously, consumers are spending a lot right now. So maybe it's a wash. How do you think about those 2 dynamics?
Question: Paul Alexander Golding - Macquarie Research - Analyst
: Rob, congrats on an incredible run. And Kirsten, congrats on the new role. I was wondering if you could give some color on -- and
this might be for Michael, given earlier questions, how the international and conference guests or resort EBITDA per visit sort of
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SEPTEMBER 23, 2021 / 9:00PM, MTN.N - Q4 2021 Vail Resorts Inc Earnings Call
margin profile compares to the standard destination domestic test? Or just how they compare to each other so that there's some
comparison to 2019 as a baseline?
Question: Paul Alexander Golding - Macquarie Research - Analyst
: Really appreciate the color. And then as a sort of a wish list follow-up here, Kirsten, you mentioned the trade-up component of the
Epic boost and the new program participants. Out of the new program participants, is there any color you can give, whether from
survey data or otherwise around if there's a proportion that's new to ski versus coming from competitors, but already a skier?
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