Vail Resorts Goes to Australia

Looks like Epic Pass holders will have a reason to ski this summer. In the strategy to continue to drive season pass sales, Vail Resorts, Inc. has expanded its collection of mountain resorts by purchasing Perisher Resort, the largest mountain resort in the Southern Hemisphere. This makes Vail the only mountain resort company to operate world-class ski resorts on two continents. Perisher is located in the Kosciuszko National Park in South Eastern New South Wales in Australia. It has 3,000 acres of skiable terrain, 47 lifts, 7 mountain peaks, 5 terrain parks, more than 100 groomed trails, night skiing and over 100 kilometers of cross-country skiing trails.

Perisher Australia

By having a mountain in the Southern Hemisphere, pass holders with Vail from the United States can now go south to ski in the summer (sounds a little weird). Perisher is the largest and most visited ski resort in Australia, and is well-positioned with access to the country’s largest cities, including Sydney, Melbourne, Adelaide, Canberra and Brisbane. Likewise, Australians will have access to Vail’s resorts giving them year-round access as well. So, if I am correct, you will ski in the U.S. from November to April. Then, you can head down under for some slopes between June and October. That just leaves the month of May open.

Vail Resorts is a publicly traded company on the New York Stock Exchange (NYSE: MTN) and already operates Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Canyons and Park City in Utah; Afton Alps in Minnesota and Mt. Brighton in Michigan; and the Grand Teton Lodge Company in Jackson Hole, Wyoming.

Links:
Press Release
http://www.vailresorts.com
http://www.perisher.com.au


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