Vail Resorts Revenues Plunge 33% on Real Estate Woes

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Wednesday, 10th March, 2010



Broomfield, CO - Fiscal 2010 second quarter results released today by Colorado-based ski and snowboard resort operator Vail Resorts revealed a drop of nearly 33% year over year, driven largely by Real Estate segment net revenue that trickled to $0.9 million for the three months ended January 31, 2010, compared to $89.2 million in the same period in the prior year. Despite this drop, the company announced that they will move forward with plans for resort capital improvements in 2010 that will include a new high speed detachable chairlift in Vail Mountain's famed Back Bowls.

(via Fresh Tracks Online)

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