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Colorado resorts play significant role in Vail Resorts' third-quarter earnings growth

Ed Sealover
Colorado resorts play significant role in Vail Resorts' third-quarter earnings growth

Colorado and other western U.S. resorts helped Vail Resorts Inc. (NYSE: MTN) to a successful third quarter of this fiscal year, even as the international operator still deals with weaker than expected international visitation. CEO Rob Katz said that he was “pleased” with the results, which covered the busiest time of the ski season for Vail’s North American resorts. In most areas — ranging from lift revenue to ski school to retail/rental revenue — Vail Resorts officials credited the growth in revenue largely to a pair of acquisitions that it made shortly before the 2018-19 ski season and to growth in visitation to its western U.S. resorts.