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Jay Peak drops ticket prices for the 2012-13 skiing and riding season

Jay Peak Resort announced a dramatic decrease in ticket prices Tuesday, a decision the resort made in part thanks to new revenue streams at the mountain, including The Pump House, Jay's massive indoor water park.

"Having new profit centers succeeding at the pace they are gives us the freedom to apply pricing flexibility to areas like lift tickets," Jay vice president Steve Wright said in a statement. "Skiing and riding is why we're here and it's our responsibility to make what we believe is the best mountain in the East, an option for everyone."

A single-day lift ticket price has dropped from $75 to $64 for the 2012-13 season. Multi-day tickets also saw a price decrease of $10 per day. Thus, a five-day pass will cost $50 less than it did last season.

"Jay Peak's foundation is built on snow and great mountain experiences," Wright said. "At the core of our redevelopment initiative is the belief that more people should have access to that, and we've backed that up by lowering the cost of entry here at Jay Peak."

Interesting move. Will others follow?

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