Business briefs, May 21-24
May 20, 2016
Chamber/Bureau to hold summer kick-off event
The Park City Chamber/Bureau is inviting its members to participate in its 2016 Summer Kickoff and Activities Expo. According to the Chamber/Bureau’s website, visitparkcity.com, the expo will allow members to network and to inform the community, as well as hospitality providers throughout town, about summer services they offer. More than 300 people are expected to attend. The event is free to the public and is set for June 9, from 5-7:30 p.m. at the Legacy Lodge at Park City Mountain Resort. Prizes will be available for those who attend. For more information or to RSVP, visit the website.
Consumer Price Index rises along Wasatch Front
The Zions Bank Wasatch Front Consumer Price Index rose 1.1 percent in April, as transportation prices — particularly gas and airfare — have increased. According to a press release, the index has increased 2.1 percent since last year, close to the Federal Reserve’s inflation target of 2 percent. Gas prices in Utah rose to $2.42 a gallon, as demand nationwide and the cost of crude oil increased. "Rising gasoline and housing prices may seem like unwelcome strains on tight budgets," said Scott Anderson, Zions Bank’s president and CEO, in the release. "But rising oil prices from historic lows lead to greater stability in the global economy, and a strong housing market signals promising returns and financial security for Utah homeowners."
Numbers show last winter was a record-setter
Western mountain resorts set records for occupancy and revenue last winter, according to a report from DestiMetrics, a firm that tracks performance in 19 resort towns, including Park City. As of April 30, occupancy was up 4.4 percent, while revenue spiked 5.2 percent compared to the prior season. The totals in both eclipsed the 2007-2008 season, the previous benchmark.