It really can get hot in the California desert, although 112 might be a little extreme. Michael Berry, Tom Moore and the NSAA staff really have their act together and it shows. Gives one pause to think. Operations profits are back on top where they always should have been and hopefully will remain.
Capital expenditures are down.
This is good for the lenders and shareholders, but not so hot for the suppliers. Could be a pretty quiet summer. Some trimming was probably inevitable but it remains to be seen how the areas involved will staff up next fall. There s quite a challenge ahead. Change is in the air, from the largest resort to the smallest supplier.