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    <link:label id="lab_us-gaap_ShareBasedCompensation_A631817E3FC3A3498C5261D683253458_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_A631817E3FC3A3498C5261D683253458" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation expense</link:label>
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    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_A2BA1D21A5DEE39C4CAD61D683254B01_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_A2BA1D21A5DEE39C4CAD61D683254B01" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes, net</link:label>
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_A2BA1D21A5DEE39C4CAD61D683254B01_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_A2BA1D21A5DEE39C4CAD61D683254B01" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</link:label>
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    <link:label id="lab_us-gaap_OtherNoncashIncome_D4E777487DB672E3C9AA61D683259B6A_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncome_D4E777487DB672E3C9AA61D683259B6A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Other non-cash income, net</link:label>
    <link:label id="lab_us-gaap_OtherNoncashIncome_D4E777487DB672E3C9AA61D683259B6A_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncome_D4E777487DB672E3C9AA61D683259B6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_DCE24EC88E06E7CD1C0461D68325FF9A_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_DCE24EC88E06E7CD1C0461D68325FF9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in assets and liabilities:</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_DCE24EC88E06E7CD1C0461D68325FF9A_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_DCE24EC88E06E7CD1C0461D68325FF9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_DCE24EC88E06E7CD1C0461D68325FF9A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_305EC022CA1CC33C885E61D68325464F_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_305EC022CA1CC33C885E61D68325464F" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities" xlink:label="loc_us-gaap_IncreaseDecreaseInRestrictedCashForOperatingActivities_305EC022CA1CC33C885E61D68325464F" xlink:type="locator" />
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    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_8A2EE195FEEBCEF6B94161D683251C7B_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_8A2EE195FEEBCEF6B94161D683251C7B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Trade receivables, net</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_8A2EE195FEEBCEF6B94161D683251C7B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_8A2EE195FEEBCEF6B94161D683251C7B" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_8A2EE195FEEBCEF6B94161D683251C7B" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInInventories_3ACC8DB028F61DE7781C61D6832594E0_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInInventories_3ACC8DB028F61DE7781C61D6832594E0" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Inventories, net</link:label>
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    <link:label id="lab_us-gaap_RealEstatePeriodIncreaseDecrease_DA779969C556915A710861D683265F48_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstatePeriodIncreaseDecrease_DA779969C556915A710861D683265F48" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments in real estate</link:label>
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    <link:label id="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_1BF93914364D3D9A48DC61D683260823_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet_1BF93914364D3D9A48DC61D683260823" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Other Operating Assets and Liabilities, Net</link:label>
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    <link:label id="lab_mtn_ResortMember_7B51D46115146583B96961D682659171_terseLabel_en-US" xlink:label="lab_mtn_ResortMember_7B51D46115146583B96961D682659171" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Resort [Member]</link:label>
    <link:label id="lab_mtn_ResortMember_7B51D46115146583B96961D682659171_label_en-US" xlink:label="lab_mtn_ResortMember_7B51D46115146583B96961D682659171" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Resort [Member]</link:label>
    <link:label id="lab_mtn_ResortMember_7B51D46115146583B96961D682659171_documentation_en-US" xlink:label="lab_mtn_ResortMember_7B51D46115146583B96961D682659171" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Resort [Member]</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_ResortMember" xlink:label="loc_mtn_ResortMember_7B51D46115146583B96961D682659171" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortMember_7B51D46115146583B96961D682659171" xlink:to="lab_mtn_ResortMember_7B51D46115146583B96961D682659171" xlink:type="arc" />
    <link:label id="lab_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9_terseLabel_en-US" xlink:label="lab_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain [Member]</link:label>
    <link:label id="lab_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9_label_en-US" xlink:label="lab_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain [Member]</link:label>
    <link:label id="lab_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9_documentation_en-US" xlink:label="lab_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mountain [Member]</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_MountainMember" xlink:label="loc_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9" xlink:to="lab_mtn_MountainMember_53A69D7B2D719FC8FF4161D682669BF9" xlink:type="arc" />
    <link:label id="lab_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F_terseLabel_en-US" xlink:label="lab_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging [Member]</link:label>
    <link:label id="lab_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F_label_en-US" xlink:label="lab_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging [Member]</link:label>
    <link:label id="lab_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F_documentation_en-US" xlink:label="lab_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lodging [Member]</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_LodgingMember" xlink:label="loc_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F" xlink:to="lab_mtn_LodgingMember_B408FAF24E86B09A97F761D68266A77F" xlink:type="arc" />
    <link:label id="lab_us-gaap_RealEstateMember_21C056890D76D90510B361D682664292_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateMember_21C056890D76D90510B361D682664292" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate [Member]</link:label>
    <link:label id="lab_us-gaap_RealEstateMember_21C056890D76D90510B361D682664292_label_en-US" xlink:label="lab_us-gaap_RealEstateMember_21C056890D76D90510B361D682664292" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate [Member]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateMember" xlink:label="loc_us-gaap_RealEstateMember_21C056890D76D90510B361D682664292" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateMember_21C056890D76D90510B361D682664292" xlink:to="lab_us-gaap_RealEstateMember_21C056890D76D90510B361D682664292" xlink:type="arc" />
    <link:label id="lab_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793_netLabel_en-US" xlink:label="lab_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Total Mountain net revenue</link:label>
    <link:label id="lab_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793_label_en-US" xlink:label="lab_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain Revenue Net</link:label>
    <link:label id="lab_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793_documentation_en-US" xlink:label="lab_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue mainly derived from the sale of lift tickets and season ski passes, ski school, food and beverage, retail/rental and other revenue associated with mountain operations.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_MountainRevenueNet" xlink:label="loc_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793" xlink:to="lab_mtn_MountainRevenueNet_7863147D8C1604D9CFBF61D682662793" xlink:type="arc" />
    <link:label id="lab_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E_terseLabel_en-US" xlink:label="lab_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging</link:label>
    <link:label id="lab_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E_label_en-US" xlink:label="lab_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging Revenue Net</link:label>
    <link:label id="lab_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E_documentation_en-US" xlink:label="lab_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue generated from owned and managed hotels and condominiums, transportation, golf and other activities.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_LodgingRevenueNet" xlink:label="loc_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E" xlink:to="lab_mtn_LodgingRevenueNet_0A1AD13547E28F11C88561D682666F0E" xlink:type="arc" />
    <link:label id="lab_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460_totalLabel_en-US" xlink:label="lab_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Resort</link:label>
    <link:label id="lab_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460_label_en-US" xlink:label="lab_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Resort Revenue Net</link:label>
    <link:label id="lab_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460_documentation_en-US" xlink:label="lab_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The sum of mountain and lodging segment revenue.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_ResortRevenueNet" xlink:label="loc_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460" xlink:to="lab_mtn_ResortRevenueNet_B62B26CE1C13E7CA535661D682662460" xlink:type="arc" />
    <link:label id="lab_us-gaap_RealEstateRevenueNet_C41EAF819686DB944F5A61D68266EC66_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateRevenueNet_C41EAF819686DB944F5A61D68266EC66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real Estate</link:label>
    <link:label id="lab_us-gaap_RealEstateRevenueNet_C41EAF819686DB944F5A61D68266EC66_label_en-US" xlink:label="lab_us-gaap_RealEstateRevenueNet_C41EAF819686DB944F5A61D68266EC66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Estate Revenue, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="loc_us-gaap_RealEstateRevenueNet_C41EAF819686DB944F5A61D68266EC66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateRevenueNet_C41EAF819686DB944F5A61D68266EC66" xlink:to="lab_us-gaap_RealEstateRevenueNet_C41EAF819686DB944F5A61D68266EC66" xlink:type="arc" />
    <link:label id="lab_us-gaap_SalesRevenueNet_4CC40124BD7393BDD26C61D68266CE98_totalLabel_en-US" xlink:label="lab_us-gaap_SalesRevenueNet_4CC40124BD7393BDD26C61D68266CE98" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total net revenue</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaap_SalesRevenueNet_4CC40124BD7393BDD26C61D68266CE98" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SalesRevenueNet_4CC40124BD7393BDD26C61D68266CE98" xlink:to="lab_us-gaap_SalesRevenueNet_4CC40124BD7393BDD26C61D68266CE98" xlink:type="arc" />
    <link:label id="lab_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9_terseLabel_en-US" xlink:label="lab_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain</link:label>
    <link:label id="lab_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9_label_en-US" xlink:label="lab_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain Expenses Net</link:label>
    <link:label id="lab_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9_documentation_en-US" xlink:label="lab_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs incurred that are directly related to generating mountain revenue, including labor and labor-related benefits, retail cost of sales, resort related fees and general and administrative expenses.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_MountainExpensesNet" xlink:label="loc_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9" xlink:to="lab_mtn_MountainExpensesNet_B2BC051DDA5FAEA964E761D6826624D9" xlink:type="arc" />
    <link:label id="lab_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E_terseLabel_en-US" xlink:label="lab_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lodging</link:label>
    <link:label id="lab_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E_label_en-US" xlink:label="lab_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lodging Expenses Net</link:label>
    <link:label id="lab_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E_documentation_en-US" xlink:label="lab_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs incurred that are directly related to generating lodging revenues, including labor and labor-related benefits and general and administrative expenses.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_LodgingExpensesNet" xlink:label="loc_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E" xlink:to="lab_mtn_LodgingExpensesNet_69316D57615A5FD6BD2861D68266A49E" xlink:type="arc" />
    <link:label id="lab_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872_totalLabel_en-US" xlink:label="lab_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Resort</link:label>
    <link:label id="lab_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872_label_en-US" xlink:label="lab_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Resort Expenses Net</link:label>
    <link:label id="lab_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872_documentation_en-US" xlink:label="lab_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The sum of mountain and lodging segment operating expenses, net.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_ResortExpensesNet" xlink:label="loc_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872" xlink:to="lab_mtn_ResortExpensesNet_0417CD8995C37E0F1BB061D682663872" xlink:type="arc" />
    <link:label id="lab_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3_terseLabel_en-US" xlink:label="lab_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real estate</link:label>
    <link:label id="lab_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3_label_en-US" xlink:label="lab_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real estate expense</link:label>
    <link:label id="lab_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3_documentation_en-US" xlink:label="lab_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costs incurred that are directly related to generating real estate revenues, including cost of sales (including sales commissions), labor and labor-related benefits, general and administrative expenses and other expenses.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_RealEstateExpense" xlink:label="loc_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3" xlink:to="lab_mtn_RealEstateExpense_171C3FB9E175C995E7E061D682661BE3" xlink:type="arc" />
    <link:label id="lab_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D_totalLabel_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total segment operating expense</link:label>
    <link:label id="lab_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D_label_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Costs Expenses And Cost Of Sales</link:label>
    <link:label id="lab_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D_documentation_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Generally recurring costs associated with normal operations including costs of sales or services and General and Administrative Expense.</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_OperatingCostsExpensesAndCostOfSales" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D" xlink:to="lab_mtn_OperatingCostsExpensesAndCostOfSales_DF6A643C60336937432861D68266169D" xlink:type="arc" />
    <link:label id="lab_mtn_MountainEquityInvestmentIncomeLossNet_765B0DC69653FB63E2B261D682662BB6_terseLabel_en-US" xlink:label="lab_mtn_MountainEquityInvestmentIncomeLossNet_765B0DC69653FB63E2B261D682662BB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain equity investment income, net</link:label>
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    <link:label id="lab_us-gaap_InvestmentIncomeInterest_ECA6C1F1BEB18D050D2861D68267756C_label_en-US" xlink:label="lab_us-gaap_InvestmentIncomeInterest_ECA6C1F1BEB18D050D2861D68267756C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Income, Interest</link:label>
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    <link:label id="lab_us-gaap_InterestExpense_7611982F98A59616452961D682670399_label_en-US" xlink:label="lab_us-gaap_InterestExpense_7611982F98A59616452961D682670399" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_766B3014DF276AF7B3C961D68267BB1D" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_55A9EF79602822BB6D2F61D681F4DAA1_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_55A9EF79602822BB6D2F61D681F4DAA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
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    <link:label id="lab_mtn_AvonPartnersIiLlcMember_7F38F7127C610A616AC81F464050FD1A_terseLabel_en-US" xlink:label="lab_mtn_AvonPartnersIiLlcMember_7F38F7127C610A616AC81F464050FD1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Avon Partners II LLC [Member]</link:label>
    <link:label id="lab_mtn_AvonPartnersIiLlcMember_7F38F7127C610A616AC81F464050FD1A_label_en-US" xlink:label="lab_mtn_AvonPartnersIiLlcMember_7F38F7127C610A616AC81F464050FD1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Avon Partners II LLC [Member]</link:label>
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    <link:label id="lab_mtn_NumberOfVariableInterestEntities_3F1153F91623B0ECD3B81F4640501614_label_en-US" xlink:label="lab_mtn_NumberOfVariableInterestEntities_3F1153F91623B0ECD3B81F4640501614" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Variable Interest Entities</link:label>
    <link:label id="lab_mtn_NumberOfVariableInterestEntities_3F1153F91623B0ECD3B81F4640501614_documentation_en-US" xlink:label="lab_mtn_NumberOfVariableInterestEntities_3F1153F91623B0ECD3B81F4640501614" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of Variable Interest Entities</link:label>
    <link:loc xlink:href="mtn-20121031.xsd#mtn_NumberOfVariableInterestEntities" xlink:label="loc_mtn_NumberOfVariableInterestEntities_3F1153F91623B0ECD3B81F4640501614" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_DA35B5EBFBAC1C0539D61F464050A852_verboseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_DA35B5EBFBAC1C0539D61F464050A852" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount of consolidated VIE assets</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_DA35B5EBFBAC1C0539D61F464050A852_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_DA35B5EBFBAC1C0539D61F464050A852" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Consolidated, Carrying Amount, Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_DA35B5EBFBAC1C0539D61F464050A852" xlink:type="locator" />
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    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_989F264621F7FF4300DF1F46405007E7_verboseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_989F264621F7FF4300DF1F46405007E7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount of consolidated VIE liabilities</link:label>
    <link:label id="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_989F264621F7FF4300DF1F46405007E7_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities_989F264621F7FF4300DF1F46405007E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Variable Interest Entity, Consolidated, Carrying Amount, Liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_F0FCBE3E7E092FEA5C3E61D6213A9A3E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_StatementClassOfStockAxis_35573CABA2366167074C61D6213BAB16_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_35573CABA2366167074C61D6213BAB16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
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    <link:label id="lab_us-gaap_ClassOfStockDomain_D6E29B17730148ECE36B61D6213B3D6B_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_D6E29B17730148ECE36B61D6213B3D6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
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    <link:label id="lab_us-gaap_AssetsAbstract_AAB9B4362D801867362E61D6213C7401_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_AAB9B4362D801867362E61D6213C7401" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_us-gaap_AssetsAbstract_AAB9B4362D801867362E61D6213C7401_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_AAB9B4362D801867362E61D6213C7401" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [Abstract]</link:label>
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    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_EA2A9D69BF0B4A633CFD61D6213D4147_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent_EA2A9D69BF0B4A633CFD61D6213D4147" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade receivables, net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_EA2A9D69BF0B4A633CFD61D6213D4147" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InventoryNet_C6C3A5B6E2430919E3EF61D6213D324A_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryNet_C6C3A5B6E2430919E3EF61D6213D324A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventories, net</link:label>
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    <link:label id="lab_us-gaap_AssetsCurrent_612631FC911C6D9F9C0661D6213D0D16_totalLabel_en-US" xlink:label="lab_us-gaap_AssetsCurrent_612631FC911C6D9F9C0661D6213D0D16" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
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    <link:label id="lab_us-gaap_PropertyPlantAndEquipmentNet_7B5B0F0F9E285662D2CD61D6213DE253_verboseLabel_en-US" xlink:label="lab_us-gaap_PropertyPlantAndEquipmentNet_7B5B0F0F9E285662D2CD61D6213DE253" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, net (Note 6)</link:label>
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    <link:label id="lab_us-gaap_Goodwill_0F07608597A5BCA54CDC61D6213DE04C_verboseLabel_en-US" xlink:label="lab_us-gaap_Goodwill_0F07608597A5BCA54CDC61D6213DE04C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Goodwill, net</link:label>
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    <link:label id="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E46062A09E2BD27C89BE61D6213E0293_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract_E46062A09E2BD27C89BE61D6213E0293" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and Stockholders' Equity</link:label>
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    <link:label id="lab_us-gaap_PreferredStockValue_EE9CBCE1AEAC51DBB40361D621408CD1_label_en-US" xlink:label="lab_us-gaap_PreferredStockValue_EE9CBCE1AEAC51DBB40361D621408CD1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock, Value, Issued</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_EE9CBCE1AEAC51DBB40361D621408CD1" xlink:type="locator" />
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    <link:label id="lab_us-gaap_CommonStockValue_30934E639F16004B1A0161D62140164C_label_en-US" xlink:label="lab_us-gaap_CommonStockValue_30934E639F16004B1A0161D62140164C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock, Value, Issued</link:label>
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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="loc_us-gaap_AdditionalPaidInCapitalCommonStock_72B6653494C360D222C561D621405B06" xlink:type="locator" />
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