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Vail Resorts Benefits From Snow, Sales

VAIL, CO-Lodging revenue for the quarter ending Oct. 31 jumps 40% over the same period a year ago, buoyed by acquisitions that include Heavenly Ski Resort, the Vail Marriott and the Lodge at Rancho Mirage hotels.

By John Rebchook | Updated on December 16, 2002

VAIL, CO-Vail Resorts Inc. in its first quarter for fiscal year 2003 posted $34.1 million in revenues, a 17.1% increase from $29.4 million for the comparable period last year. Its fiscal quarter ended Oct. 31.

Lodging revenue for the first quarter increased $11.5 million, or 40%, to $40.1 million.

Real estate revenue for the first quarter rose from $15 million to $39.4 million. Total revenue for the quarter was $113.9 million compared to $73 million in the same period in 2002, an increase of 55.9%.

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