Vail Resorts Reports 'Strong Start' To Ski Season, Notes Total Lift Ticket Sales At Resorts Higher By 19.4% - Vail Resorts (NYSE:MTN)

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Vail Resorts, Inc.

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(NYSE: MTN), a holding company with exposure to mountain resorts and ski properties,

reported after Wednesday's market close that its season-to-date total lift ticket revenue at its mountain resorts rose 19.4 percent from a year ago.Vail Resorts added that its season-to-date ancillary spending increased from a year ago as dining revenue rose 14.3 percent, ski school revenue rose 6.7 percent while retail/rental revenue at its store locations rose 9.1 percent.Vail Resorts also noted that its season-to-date total skier visits for its mountain resorts rose 11.1 percent compared to the same period a year ago.Commenting on the ski season to date, Rob Katz, Chief Executive Officer said, "We are very pleased that our 2015/2016 ski season is off to a strong start across our U.S. resorts. While our results were clearly aided by a very strong rebound at our Tahoe resorts, we also saw solid revenue growth at our Colorado resorts and double digit revenue growth at Park City. We are seeing strong growth in U.S. destination visits across our resorts that is being partially offset by a significant decline in international visitation, which we believe is due to the strong U.S. dollar, a trend we expect to continue throughout the season."Shares of Vail Resorts have gained more than 30 percent over the past year.