SAM Magazine—June 6, 2012—Colorado Ski Country USA (CSCUSA) announced today that its 22 member resorts hosted 6.16 million visits, an 11.4% decline from last year. Vail Resorts, which is not a member of CSCUSA, reported a 9.8% decrease in visits at all of its resorts, including those in California. With Vail's Colorado resorts tallied in, Colorado tallied just over 11 million visits. CSCUSA reported that destination and international visits were still strong this past season, but the locals stayed away, accounting for much of the decline.

Vail Resorts also announced today its third quarter results. Total mountain net revenue for the three months ending April 30, 2012, was $354.6 million compared to $351.4 million for the same quarter in 2011. Lodging revenue dropped to $53.9 million compared to $57.5 million last year, and real estate revenue dipped from 13.2 million in 2011 to $12.6 million in 2012. Overall, total net revenue went from $422.1 million in 2011 to $421.1 million in 2012, only a .01% decrease.

Operating expenses for the third quarter in the mountain segment increased from $182.1 million in 2011 to $184.2 million in 2012. Overall operating expenses (which include lodging and real estate) were $247.4 million in 2012 compared to $249 million in 2011.

Spring season pass sales for the 2012/13 season were up approximately 17% in units and approximately 22% in sales dollars through May 29, 2012, compared to the same period last year.

The town of Vail, Colo., also reported some good news: Sales tax collections are estimated to be up 3.9 percent, or $536,785, from the previous season—a new record for sales tax collections in the town.

For the full third quarter and nine-month results for Vail Resorts, check out http://investors.vailresorts.com/releasedetail.cfm?ReleaseID=680592