Monday, October 26, 2009

Recession? What Recession?

Oct. 26 (Bloomberg) -- Vail Resorts Inc.’s season pass sales rose 13 percent in September as skiers eager for powder prepared to make tracks a year after the financial crisis.

“This year the economy is still struggling but there is more confidence that it’s not getting dramatically worse,” Robert Katz, chief executive officer of Vail Resorts, said in an interview. “The economic issues that we faced last year started right at the beginning of ski season and got worse until the end of the season.” The company operates five U.S. ski properties.

For the rest of the article from Bloomberg, click HERE.

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