Rob Katz, CEO of Vail Resorts, recently went on CNBC. He says the Australia Perisher business has been strong, while the U.S. business has seen fewer visitors because of the strong dollar.
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. Perisher is also the largest ski resort in the Southern Hemisphere.
It also looks like Vail Resorts isn't finished expanding. When asked what's next, Rob Katz stated, "We're absolutely looking at Japan, looking at other parts of Asia. We're also looking at other parts of North America and Europe. We really see the opportunity to create a global footprint for our company".
Vail Resorts is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Park City Mountain Resort and Canyons in Park City, Utah; Afton Alps in Minnesota and Mt. Brighton in Michigan; and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN).