Exhibit 99.1
 
For Immediate Release
Vail Resorts Contacts:
Investor Relations:  Michael Barkin, (303) 404-1800, InvestorRelations@vailresorts.com    
Media:  Kelly Ladyga, (303) 404-1862, kladyga@vailresorts.com

Vail Resorts Reports Fiscal 2014 Fourth Quarter and Full Year Results and Provides Fiscal 2015 Outlook
BROOMFIELD, Colo. - September 24, 2014 - Vail Resorts, Inc. (NYSE: MTN) today reported results for its fourth quarter and fiscal year ended July 31, 2014 and provided its outlook for the fiscal year ending July 31, 2015.

Highlights
Resort Reported EBITDA increased 11.6% to $268.8 million for fiscal 2014 compared to the prior fiscal year. This includes $9.8 million of expenses related to the Canyons integration and Park City Mountain Resort litigation.
Net income attributable to Vail Resorts, Inc. was $28.5 million for fiscal 2014.
Sales of season passes through September 21, 2014 for the upcoming 2014/2015 ski season were up approximately 14% in units and approximately 18% in sales dollars versus the comparable period in the prior year. Based on historical patterns, approximately 55% to 60% of our total sales are made by this date.
The Company issued its fiscal 2015 guidance range, including the addition of Park City Mountain Resort. Resort Reported EBITDA is expected to be between $340 million and $360 million, which includes approximately $5 million of litigation, transaction and integration expense related to Park City Mountain Resort and Canyons.

Commenting on the Company’s fiscal 2014 results, Rob Katz, Chief Executive Officer, said, “We are very pleased with our performance this fiscal year. We achieved record Resort revenue and Resort Reported EBITDA that reflects an outstanding season in Colorado, with a particularly strong spring break and late season, and significant year-over-year EBITDA growth in our Lodging business. We achieved these results despite near record low snowfall through January in the Tahoe region. Canyons and the Urban Ski Areas delivered strong results in line with our expectations. Our results continue to reflect increases in overall visitation, pricing, average guest spend and season pass sales. Summer revenue


The following information was filed by Vail Resorts Inc (MTN) on Wednesday, September 24, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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