Vail Resorts and OpenTable Partner to Create Unique Dining Reservations Solution at Beaver Creek...

Business/Travel Editors

SAN FRANCISCO, Calif. & VAIL, Colo.--(BUSINESS WIRE)--March 14, 2001

OpenTable, Inc. (www.opentable.com) and Vail Resorts, Inc. (NYSE:MTN) today announced a partnership to revolutionize dining reservations within the resort industry. The customized

The OpenTable solution allows Beaver Creek diners to book dining reservations in advance of their vacation via either www.opentable.com or www.beavercreek.com. So far this season, OpenTable has been adopted by eight of the top restaurants in Beaver Creek: Allie's Cabin, Beano's Cabin, Beaver Creek ChopHouse, Grouse Mountain Grill, Rendezvous Bar & Grill, Saddleridge, Splendido and Toscanini. The OpenTable solution enables restaurants to automate reservation management, track visitor dining patterns for improved operations forecasting, enhance customer service via OpenTable's proprietary customer database solution, and develop and disseminate highly targeted marketing campaigns based on guest preferences.

In addition to these benefits, OpenTable and Vail Resorts are also partnering to provide in-room access to restaurant reservations for resort guests. With the launch of Vail Resort's proprietary eVill@ge Virtual Concierge system, resort guests will soon be able to search restaurants for availability and make instant online dinner reservations from the comfort of their hotel room or condo. The eVill@ge vision is for each room in Beaver Creek to be wired with high-speed Internet access and equipped with an in-room terminal so guests can book dinner, buy lift tickets, check the weather, surf the web and more.

OpenTable and Vail resorts are also exploring hotel installations of the OTConcierge solution, which would give hotels at the resort additional access to dining reservations both on- and off- property on behalf of their guests.

"Vail Resorts clearly shares OpenTable's commitment to utilizing technology to enhance the guest experience," said Jeff Edwards, OpenTable's CEO. "We look forward to helping Beaver Creek Resort lead the way in technological innovation and guest service. We fully expect that these solutions will become the standard for any resort that's interested in strategically marketing to their guests, improving customer relationships and enhancing revenue opportunities."

Adam Aron, Chairman and Chief Executive Officer at Vail Resorts, added, "We are very pleased to be partnering with OpenTable to revolutionize the resort experience for our guests. Beaver Creek was chosen for the launch of this exciting new technology because of its attractive demographic and manageable size. However, over the next few years we plan to roll out the OpenTable solution and the eVill@ge Virtual Concierge system across all of our resorts and potentially commercialize the solution for others in the resort industry."

About OpenTable, Inc.

OpenTable, Inc. is the leading supplier of networked software applications to the hospitality industry. The company's solutions include industry-leading reservation management, customer relationship management (CRM), marketing, seating optimization and yield management solutions.

OpenTable introduced real-time online reservations to the restaurant industry in 1998, and now has products that deliver the conveniences of 24/7 online reservations to hotel concierges (OTConcierge), travel agents (OTTravel) and administrative assistants (OTAdmin). Dining consumers can tap into the OpenTable network and make reservations online at www.opentable.com, and also through the company's many distribution and content partners including The New York Times, The Chicago Tribune, The Los Angeles Times, washingtonpost.com and Fodors.com. OpenTable's customers include leading hotel chains and more than 1100 of the nation's top restaurants.

About Vail Resorts, Inc.

Vail Resorts, Inc. is the premier mountain resort operator in North America. The Company's subsidiaries operate the Colorado mountain resorts of Vail, Breckenridge, Keystone, and Beaver Creek and the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). For more information, please visit www.vailresorts.com.

Statements in this press release, other than statements of historical information, are forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to, failure to achieve anticipated performance or receive expected insurance proceeds; general business and economic conditions; competitive factors in the ski and resort industry; and the weather. Investors are also directed to other risks discussed in documents filed by the Company with the Securities and Exchange Commission.