Vail Resorts Introduces ‘Baggage Bailout’ For ‘08-09 Season

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Press Release

OFFICIAL PRESS RELEASE - BROOMFIELD, Colo. – Oct. 6, 2008 – To help offset added airline fees, Vail Resorts (NYSE: MTN) is offering a “Baggage Bailout” for skiers and snowboarders staying at Vail, Beaver Creek, Breckenridge, Keystone and Heavenly this winter. Guests will receive a $50 credit when they book at least a four-day, four-night ski or snowboard vacation by Dec. 1 through Vail Resorts at (866) 949-2573.

“At Vail Resorts, we have decided to help carry the load for our guests by addressing airline baggage fees,” said Rob Katz, chief executive officer for Vail Resorts. “This is just another way Vail Resorts is making an exceptional experience at our mountains a reality, as it follows on our introduction of the Epic Season Pass, our unlimited ski and snowboard rental program and our “Holidays on Us” promotion.”

To qualify for a “Baggage Bailout,” guests must call Vail Resorts Reservations at (866) 949-2573 and book four or more nights of lodging at any lodging property at one of the Company’s five mountain resorts and buy at least four days of adult lift tickets by Dec. 1 (for travel this ski season through April 20, 2008). Vail Resorts Reservations offers one-stop shopping on an entire winter mountain vacation for guests including airline reservations, ground transfers, lodging, lift tickets, ski school lessons and other activities.

Guests who have already purchased Vail Resorts’ Epic Season Pass are qualified for the “Baggage Bailout,” as long as they purchase at least four nights of lodging. The “Baggage Bailout” credit is based on occupancy limits of two people per room. Other restrictions apply. Children may also receive a $25 baggage credit, if at least four days of children’s lift tickets are purchased. The “Baggage Bailout” credit is available to guests, even if they are not traveling with bags or flying on an airline that is not charging baggage fees (such as Southwest Airlines).

Vail Resorts is offering other “epic” deals on lift tickets, ski rentals and lodging over key holidays:

The Epic Season Pass offers a full season  of unlimited and unrestricted skiing at any of our five resorts and Arapahoe Basin for $579 for adults and $279 for  kids, but must be purchased by Nov. 15, 2008.  www.epicpass.com.

The new Unlimited Ski Rental Pass reduces the  hassle factor, eliminates luggage fees and provides a season-long quiver of  skis (or snowboards) stored at your favorite mountain for $359. The premium  package is $100 more for the year. www.rentskis.com

Your Holidays Are on Us with a new  promotion that offers a free night of lodging on the six most popular holidays  (Christmas, New Year’s, etc) when you purchase four consecutive holiday nights  at our RockResorts from the Rocky Mountains to the beaches of St.  Lucia. www.HolidaysOnUs.com.

For more information about Vail Resorts’ lodging deals and other epic offers, visit www.snow.com .

About Vail Resorts
Vail Resorts, Inc. is the leading mountain resort operator in the United States. The Company’s subsidiaries operate the mountain resort properties at the Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of California and Nevada and the Grand Teton Lodge Company in Jackson Hole, Wyo. The Company’s subsidiary RockResorts, a luxury resort hotel company, manages properties across the United States and the Caribbean. 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). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.

About RockResorts
RockResorts, a wholly owned subsidiary of Vail Resorts, owns and operates luxury resort hotels that offer casually elegant accommodations, lavish RockResorts Spas™, renowned golf courses, award-winning dining and a variety of exciting outdoor adventures. The RockResorts collection includes The Arrabelle at Vail Square in Vail, Colo., Hotel Jerome in Aspen, Colo.; The Pines Lodge in Beaver Creek, Colo.; Keystone Lodge & Spa in Keystone, Colo.; The Lodge at Vail in Vail, Colo.; La Posada de Santa Fe Resort & Spa in Santa Fe, N.M.; Snake River Lodge & Spa in Jackson Hole, Wyo.;; and The Landings St. Lucia, Rodney Bay, St. Lucia.  Future RockResorts include; The Osprey at Beaver Creek (renovation to be complete in fall 2008); Tempo Miami in Miami, Fla. (scheduled to open in 2009); One Ski Hill Place in Breckenridge, Colo. (scheduled to open in winter 2009/2010); Rum Cay Resort Marina, The Bahamas (scheduled to open in 2010); the Third Turtle Club & Spa, Turks and Caicos (scheduled to open in 2011); and The Mansfield Inn in Stowe, Vermont (scheduled to open TBD).

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