The Vail Lifetime Ski Pass Site
For the Vail/Beaver Creek Resort skier who has (almost) everything, what could be better than a lifetime ski pass to these areas?
"Lifetime" passes have been issued periodically in the past and are now again being offered by Vail Resorts as an incentive to join the Vail Mountain Club®. According to the prospectus, these passes will have a total life span of 60 years. The pass is usable by the original acquirer for that period of time - and/or that same pass may be transferred one time to a second party.
Estimating the lifetime value of a pass is not particularly difficult. In 2007, the cost of a Vail/Beaver Creek adult season pass was roughly $1,800. If one assumes a "lifetime" pass might be used successively for perhaps 40 years by an individual, and further assuming an annual 5% increase in the cost of season passes, 20 years from now a single season adult pass at Vail might be roughly $5,000.
So over the hypothetical 40 year life of the original issuance, its total worth could be in the range of $200,000. If that pass was an initial issue type - that is, not previously held by another person - this pass could then be transferred to a second party, giving the total worth of the pass perhaps an additional 50% more value over the entire 60 years of its total lifespan.
Lifetime passes can be transferred under certain conditions from the original holder. While present rules suggest they may not be sold, other options may exist to make exchanges or reassignments possible.
For any questions or comments regarding "lifetime passes", please contact the site developer.
* Vail Mountain Club® and Vail Resorts, Inc. ® are registered trademarks of Vail Trademarks, Inc.
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