Vail Resorts Net Rose 34% in 2007
SAM Magazine-Broomfield, Colo., Sept. 27, 2007-Vail Resorts posted a net income gain of 34.2 percent for 2007 over the 2006 fiscal year. The company netted $61.4 million in 2007, with increases across the board. Mountain revenue grew $44.9 million, or 7.2 percent, for the twelve months ending July 31, 2007, to $665.4 million from $620.4 million for the 2006 fiscal year. Mountain expense increased $19.6 million, or 4.4 percent, to $462.7 million. Mountain reported earnings before interest, depreciation and amortization in the 2007 fiscal year grew $26.5 million, or 14.6 percent, to $207.7 million compared to $181.2 million for the 2006 fiscal year.
In addition, pass sales are up for 2008 over the 2007 numbers. Currently the company is seeing gains of four percent in units and 16 percent in sales dollars over the same period last year. The company credits an 11 percent increase in pass prices as one factor in driving the increased revenue to date. Room bookings are also looking positive, with increases of three percent in room nights and 13 percent in dollars over the same time last year.