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Vail Resorts Struggle as Snowless Ski Season Hits U.S. West

Vail Resorts Inc. shares have fallen 15 percent since Dec. 23 as major ski trails were closed at the company’s mountain properties in the western U.S. because of a lack of snow.

Visitors to the company’s resorts were down 15.3 percent compared to this time last year, Rob Katz, chief executive of the Broomfield, Colorado-based company, said in a statement.