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VAIL RESORTS ANNOUNCES SUSPENSION OF SKI-LIFTING OPERATIONS AT HOTHAM AND FALLS CREEK SKI RESORTS AMID COVID-19 TRAVEL RESTRICTIONS

BROOMFIELD, Colo. – July 9, 2020 – After careful consideration of the new restrictions in Victoria due to the recent COVID-19 outbreak, Vail Resorts is suspending ski-lifting operations at Hotham and Falls Creek Ski Resorts, effective Thursday, 9 July through at least 19 August, consistent with the current stay at home directions. The Company will continue to assess the situation and follow the guidelines of the state health authorities in evaluating if it is advisable or feasible to reopen.

We did not make this decision lightly as we know our employees, guests and the communities where we operate have already endured so much hardship this year,” said Pete Brulisauer, Senior Vice President and Chief Operating Officer of Vail Resorts Australia. “However, we are focused first and foremost on health and safety, following local health guidelines and doing our part to support efforts across Victoria to address the recent rise in coronavirus cases. We recognise this is incredibly disappointing to our guests and pass holders, including those who have made reservations at Hotham and Falls Creek this season. We thank them for their patience and understanding as we continue to navigate this incredibly challenging time.”

Perisher will remain open and is unaffected by this decision, operating in accordance with COVID-19 restrictions in NSW.

 All reservations for lift tickets, ski and ride lessons and rental bookings will be cancelled and fully refunded. Guests will be contacted with information on processing refunds and are asked to refrain from calling the call centres at this time.

 Guests who purchased a 2020 Epic Australia Pass, who have not used the pass and who do not wish to proceed with their pass purchase, may obtain a refund by making a request here no later than Sunday 12 July. After the 12 July refund deadline, the 2020 Epic Australia Pass is non-refundable except as provided for under Epic Coverage and under Australian Consumer Law.

 About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts’ subsidiaries operate 37 world-class mountain resorts and urban ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development 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.