Monday, June 10, 2013

Vail’s business is up as it joins Utah ski scene

Vail Resorts Inc. is entering the Utah ski market with enthusiasm after finishing its winter-ending fiscal quarter with a healthy bump in business.

The company, which last week signed a long-term lease to operate Canyons Resort for Talisker, said it earned $97.6 million, or $2.66 per share, in the quarter that ended April 30. That was up 22.7 percent over the same quarter a year earlier. The company also reported net revenues of $469.7 million, an 11.5 percent increase over the previous year.

Purchasers of Vail’s Epic Pass, he noted, would have access to Canyons along with Vail, Beaver Creek, Breckenridge, Keystone, Northstar, Heavenly and Kirkwood resorts. An Epic Pass for 2013-14 now costs $689 for adults. A 2012-13 adult season pass at Canyons cost $849. Salt Lake Tribune