Good skiing conditions at Colorado resorts were enough to offset horrible conditions at Vail’s Lake Tahoe locations. The company posted a profit of $115 million from November through January – about double the previous year. And this is typically Vail Resort’s strongest quarter which encompassed the holiday skiing season.
The Broomfield-based company benefited from more season passes and higher ski school enrollments and increased spending on dining.
Vail Resorts also announced it increased its quarterly dividend by 50 percent with CEO Rob Katz saying the move was evidence of their confidence in the business.