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    <link:label id="lab_us-gaap_OtherLiabilitiesNoncurrent_C105F4E19E94C7F7E2A5ADE19ACB1D41_terseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesNoncurrent_C105F4E19E94C7F7E2A5ADE19ACB1D41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other long-term liabilities</link:label>
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    <link:label id="lab_us-gaap_LongTermDebtCurrent_A3574B25E1E9D677FDDAAF1938060B23_verboseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtCurrent_A3574B25E1E9D677FDDAAF1938060B23" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Less: Current maturities</link:label>
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    <link:loc xlink:href="mtn-20170131.xsd#mtn_DebtInstrumentYearofMaturity" xlink:label="loc_mtn_DebtInstrumentYearofMaturity_2BD894ED941BD81943BEAF19380643E2" xlink:type="locator" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7ABC0D544A4DB0DB2DACA4B1D5A6C55A_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7ABC0D544A4DB0DB2DACA4B1D5A6C55A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7ABC0D544A4DB0DB2DACA4B1D5A6C55A" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_7ABC0D544A4DB0DB2DACA4B1D5A6C55A" xlink:type="arc" />
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_030099736EB6B61CC83CA4B1D5A68602_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_030099736EB6B61CC83CA4B1D5A68602" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</link:label>
    <link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_030099736EB6B61CC83CA4B1D5A68602_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_030099736EB6B61CC83CA4B1D5A68602" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_030099736EB6B61CC83CA4B1D5A68602" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_030099736EB6B61CC83CA4B1D5A68602" xlink:to="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_030099736EB6B61CC83CA4B1D5A68602" xlink:type="arc" />
    <link:label id="lab_us-gaap_DepreciationAndAmortization_B9410E8A966B91DC9BE5A4B1D5A62CB9_terseLabel_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization_B9410E8A966B91DC9BE5A4B1D5A62CB9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_us-gaap_DepreciationAndAmortization_B9410E8A966B91DC9BE5A4B1D5A62CB9_label_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization_B9410E8A966B91DC9BE5A4B1D5A62CB9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation, Depletion and Amortization, Nonproduction</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_B9410E8A966B91DC9BE5A4B1D5A62CB9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepreciationAndAmortization_B9410E8A966B91DC9BE5A4B1D5A62CB9" xlink:to="lab_us-gaap_DepreciationAndAmortization_B9410E8A966B91DC9BE5A4B1D5A62CB9" xlink:type="arc" />
    <link:label id="lab_us-gaap_CostOfRealEstateSales_4DB4734030262E9674B0A4B1D5A615D1_terseLabel_en-US" xlink:label="lab_us-gaap_CostOfRealEstateSales_4DB4734030262E9674B0A4B1D5A615D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost of real estate sales</link:label>
    <link:label id="lab_us-gaap_CostOfRealEstateSales_4DB4734030262E9674B0A4B1D5A615D1_label_en-US" xlink:label="lab_us-gaap_CostOfRealEstateSales_4DB4734030262E9674B0A4B1D5A615D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cost of Real Estate Sales</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CostOfRealEstateSales" xlink:label="loc_us-gaap_CostOfRealEstateSales_4DB4734030262E9674B0A4B1D5A615D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CostOfRealEstateSales_4DB4734030262E9674B0A4B1D5A615D1" xlink:to="lab_us-gaap_CostOfRealEstateSales_4DB4734030262E9674B0A4B1D5A615D1" xlink:type="arc" />
    <link:label id="lab_us-gaap_ShareBasedCompensation_C9593007CF795C9ECA4EA4B1D5A6928E_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_C9593007CF795C9ECA4EA4B1D5A6928E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock-based compensation expense</link:label>
    <link:label id="lab_us-gaap_ShareBasedCompensation_C9593007CF795C9ECA4EA4B1D5A6928E_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_C9593007CF795C9ECA4EA4B1D5A6928E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share-based Compensation</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_C9593007CF795C9ECA4EA4B1D5A6928E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ShareBasedCompensation_C9593007CF795C9ECA4EA4B1D5A6928E" xlink:to="lab_us-gaap_ShareBasedCompensation_C9593007CF795C9ECA4EA4B1D5A6928E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_223897F71FEC05645C79A4B1D5A6BBA6_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_223897F71FEC05645C79A4B1D5A6BBA6" 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_223897F71FEC05645C79A4B1D5A6BBA6_label_en-US" xlink:label="lab_us-gaap_DeferredIncomeTaxExpenseBenefit_223897F71FEC05645C79A4B1D5A6BBA6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Income Tax Expense (Benefit)</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_223897F71FEC05645C79A4B1D5A6BBA6" xlink:type="locator" />
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    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_D8D981ACD72B72A862A0A4B1D5A6F1AD_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_D8D981ACD72B72A862A0A4B1D5A6F1AD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of real property</link:label>
    <link:label id="lab_us-gaap_GainLossOnSaleOfProperties_D8D981ACD72B72A862A0A4B1D5A6F1AD_label_en-US" xlink:label="lab_us-gaap_GainLossOnSaleOfProperties_D8D981ACD72B72A862A0A4B1D5A6F1AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale of Properties</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="loc_us-gaap_GainLossOnSaleOfProperties_D8D981ACD72B72A862A0A4B1D5A6F1AD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GainLossOnSaleOfProperties_D8D981ACD72B72A862A0A4B1D5A6F1AD" xlink:to="lab_us-gaap_GainLossOnSaleOfProperties_D8D981ACD72B72A862A0A4B1D5A6F1AD" xlink:type="arc" />
    <link:label id="lab_us-gaap_ForeignCurrencyTransactionGainBeforeTax_AC9DD8DE6B5F97933F59A4B1D5A6DA96_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionGainBeforeTax_AC9DD8DE6B5F97933F59A4B1D5A6DA96" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange gains on intercompany loans</link:label>
    <link:label id="lab_us-gaap_ForeignCurrencyTransactionGainBeforeTax_AC9DD8DE6B5F97933F59A4B1D5A6DA96_label_en-US" xlink:label="lab_us-gaap_ForeignCurrencyTransactionGainBeforeTax_AC9DD8DE6B5F97933F59A4B1D5A6DA96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Currency Transaction Gain, before Tax</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainBeforeTax" xlink:label="loc_us-gaap_ForeignCurrencyTransactionGainBeforeTax_AC9DD8DE6B5F97933F59A4B1D5A6DA96" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForeignCurrencyTransactionGainBeforeTax_AC9DD8DE6B5F97933F59A4B1D5A6DA96" xlink:to="lab_us-gaap_ForeignCurrencyTransactionGainBeforeTax_AC9DD8DE6B5F97933F59A4B1D5A6DA96" xlink:type="arc" />
    <link:label id="lab_us-gaap_OtherNoncashIncome_C6A3D1205E088154EAE1A4B1D5A64417_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncome_C6A3D1205E088154EAE1A4B1D5A64417" 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_C6A3D1205E088154EAE1A4B1D5A64417_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncome_C6A3D1205E088154EAE1A4B1D5A64417" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Noncash Income</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_OtherNoncashIncome" xlink:label="loc_us-gaap_OtherNoncashIncome_C6A3D1205E088154EAE1A4B1D5A64417" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherNoncashIncome_C6A3D1205E088154EAE1A4B1D5A64417" xlink:to="lab_us-gaap_OtherNoncashIncome_C6A3D1205E088154EAE1A4B1D5A64417" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_B85EA5C5FD1FA440A6E1A4B1D5A635A0_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_B85EA5C5FD1FA440A6E1A4B1D5A635A0" 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_B85EA5C5FD1FA440A6E1A4B1D5A635A0_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_B85EA5C5FD1FA440A6E1A4B1D5A635A0" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_B85EA5C5FD1FA440A6E1A4B1D5A635A0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_B85EA5C5FD1FA440A6E1A4B1D5A635A0" xlink:to="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_B85EA5C5FD1FA440A6E1A4B1D5A635A0" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCash_3A81B4E719279F5FB8FCA4B1D5A6A26F_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash_3A81B4E719279F5FB8FCA4B1D5A6A26F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash</link:label>
    <link:label id="lab_us-gaap_IncreaseDecreaseInRestrictedCash_3A81B4E719279F5FB8FCA4B1D5A6A26F_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInRestrictedCash_3A81B4E719279F5FB8FCA4B1D5A6A26F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (Decrease) in Restricted Cash</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="loc_us-gaap_IncreaseDecreaseInRestrictedCash_3A81B4E719279F5FB8FCA4B1D5A6A26F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInRestrictedCash_3A81B4E719279F5FB8FCA4B1D5A6A26F" xlink:to="lab_us-gaap_IncreaseDecreaseInRestrictedCash_3A81B4E719279F5FB8FCA4B1D5A6A26F" xlink:type="arc" />
    <link:label id="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_A279A82ACF62C29CA241A4B1D5A65DF9_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_A279A82ACF62C29CA241A4B1D5A65DF9" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_A279A82ACF62C29CA241A4B1D5A65DF9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_A279A82ACF62C29CA241A4B1D5A65DF9" xlink:to="lab_us-gaap_IncreaseDecreaseInAccountsReceivable_A279A82ACF62C29CA241A4B1D5A65DF9" xlink:type="arc" />
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_EDD5F6076FC26C65C7A5A4B1D5A67B6D_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_EDD5F6076FC26C65C7A5A4B1D5A67B6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_EDD5F6076FC26C65C7A5A4B1D5A67B6D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_EDD5F6076FC26C65C7A5A4B1D5A67B6D" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_EDD5F6076FC26C65C7A5A4B1D5A67B6D" xlink:type="arc" />
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_40E31D1E93E39EA723AEA4B1D5A640CE_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_40E31D1E93E39EA723AEA4B1D5A640CE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_40E31D1E93E39EA723AEA4B1D5A640CE_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_40E31D1E93E39EA723AEA4B1D5A640CE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_40E31D1E93E39EA723AEA4B1D5A640CE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_40E31D1E93E39EA723AEA4B1D5A640CE" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_40E31D1E93E39EA723AEA4B1D5A640CE" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireProductiveAssets_1EE7D219ACA8A4379EFAA4B1D5A69602_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireProductiveAssets_1EE7D219ACA8A4379EFAA4B1D5A69602" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Capital expenditures</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireProductiveAssets_1EE7D219ACA8A4379EFAA4B1D5A69602_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireProductiveAssets_1EE7D219ACA8A4379EFAA4B1D5A69602" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Productive Assets</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="loc_us-gaap_PaymentsToAcquireProductiveAssets_1EE7D219ACA8A4379EFAA4B1D5A69602" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsToAcquireProductiveAssets_1EE7D219ACA8A4379EFAA4B1D5A69602" xlink:to="lab_us-gaap_PaymentsToAcquireProductiveAssets_1EE7D219ACA8A4379EFAA4B1D5A69602" xlink:type="arc" />
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_C60F26E4C71DFB235711A4B1D5A697E3_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_C60F26E4C71DFB235711A4B1D5A697E3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition of businesses, net of cash acquired</link:label>
    <link:label id="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_C60F26E4C71DFB235711A4B1D5A697E3_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_C60F26E4C71DFB235711A4B1D5A697E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to Acquire Businesses, Net of Cash Acquired</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_C60F26E4C71DFB235711A4B1D5A697E3" xlink:type="locator" />
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    <link:label id="lab_mtn_CashReceivedFromSaleOfProperty_413C96DD2E5D6EEF2E4FA4B1D5A66B87_terseLabel_en-US" xlink:label="lab_mtn_CashReceivedFromSaleOfProperty_413C96DD2E5D6EEF2E4FA4B1D5A66B87" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash received from the sale of real property</link:label>
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    <link:label id="lab_mtn_LodgingRevenueNet_737F960EA2FC58F361CDA4B482F9688E_documentation_en-US" xlink:label="lab_mtn_LodgingRevenueNet_737F960EA2FC58F361CDA4B482F9688E" 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-20170131.xsd#mtn_LodgingRevenueNet" xlink:label="loc_mtn_LodgingRevenueNet_737F960EA2FC58F361CDA4B482F9688E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingRevenueNet_737F960EA2FC58F361CDA4B482F9688E" xlink:to="lab_mtn_LodgingRevenueNet_737F960EA2FC58F361CDA4B482F9688E" xlink:type="arc" />
    <link:label id="lab_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B_totalLabel_en-US" xlink:label="lab_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Resort net revenue</link:label>
    <link:label id="lab_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B_label_en-US" xlink:label="lab_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B" 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_0DE9F320A17D8B20C494A4B482F99F3B_documentation_en-US" xlink:label="lab_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B" 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-20170131.xsd#mtn_ResortRevenueNet" xlink:label="loc_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B" xlink:to="lab_mtn_ResortRevenueNet_0DE9F320A17D8B20C494A4B482F99F3B" xlink:type="arc" />
    <link:label id="lab_us-gaap_RealEstateRevenueNet_46441C90E8A8F9372C0BA4B482F96759_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateRevenueNet_46441C90E8A8F9372C0BA4B482F96759" 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_46441C90E8A8F9372C0BA4B482F96759_label_en-US" xlink:label="lab_us-gaap_RealEstateRevenueNet_46441C90E8A8F9372C0BA4B482F96759" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="loc_us-gaap_RealEstateRevenueNet_46441C90E8A8F9372C0BA4B482F96759" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateRevenueNet_46441C90E8A8F9372C0BA4B482F96759" xlink:to="lab_us-gaap_RealEstateRevenueNet_46441C90E8A8F9372C0BA4B482F96759" xlink:type="arc" />
    <link:label id="lab_us-gaap_SalesRevenueNet_BEC382714CDC6B68284EA4B482F9122F_totalLabel_en-US" xlink:label="lab_us-gaap_SalesRevenueNet_BEC382714CDC6B68284EA4B482F9122F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total net revenue</link:label>
    <link:label id="lab_us-gaap_SalesRevenueNet_BEC382714CDC6B68284EA4B482F9122F_label_en-US" xlink:label="lab_us-gaap_SalesRevenueNet_BEC382714CDC6B68284EA4B482F9122F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue, Net</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_SalesRevenueNet" xlink:label="loc_us-gaap_SalesRevenueNet_BEC382714CDC6B68284EA4B482F9122F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SalesRevenueNet_BEC382714CDC6B68284EA4B482F9122F" xlink:to="lab_us-gaap_SalesRevenueNet_BEC382714CDC6B68284EA4B482F9122F" xlink:type="arc" />
    <link:label id="lab_mtn_MountainExpensesNet_B6CD05B63845A61DFF45A4B482F9D9DC_terseLabel_en-US" xlink:label="lab_mtn_MountainExpensesNet_B6CD05B63845A61DFF45A4B482F9D9DC" 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_B6CD05B63845A61DFF45A4B482F9D9DC_label_en-US" xlink:label="lab_mtn_MountainExpensesNet_B6CD05B63845A61DFF45A4B482F9D9DC" 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_B6CD05B63845A61DFF45A4B482F9D9DC_documentation_en-US" xlink:label="lab_mtn_MountainExpensesNet_B6CD05B63845A61DFF45A4B482F9D9DC" 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-20170131.xsd#mtn_MountainExpensesNet" xlink:label="loc_mtn_MountainExpensesNet_B6CD05B63845A61DFF45A4B482F9D9DC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainExpensesNet_B6CD05B63845A61DFF45A4B482F9D9DC" xlink:to="lab_mtn_MountainExpensesNet_B6CD05B63845A61DFF45A4B482F9D9DC" xlink:type="arc" />
    <link:label id="lab_mtn_LodgingExpensesNet_99E6334D879AFBFE3E58A4B482F9B4BE_terseLabel_en-US" xlink:label="lab_mtn_LodgingExpensesNet_99E6334D879AFBFE3E58A4B482F9B4BE" 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_99E6334D879AFBFE3E58A4B482F9B4BE_label_en-US" xlink:label="lab_mtn_LodgingExpensesNet_99E6334D879AFBFE3E58A4B482F9B4BE" 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_99E6334D879AFBFE3E58A4B482F9B4BE_documentation_en-US" xlink:label="lab_mtn_LodgingExpensesNet_99E6334D879AFBFE3E58A4B482F9B4BE" 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-20170131.xsd#mtn_LodgingExpensesNet" xlink:label="loc_mtn_LodgingExpensesNet_99E6334D879AFBFE3E58A4B482F9B4BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_LodgingExpensesNet_99E6334D879AFBFE3E58A4B482F9B4BE" xlink:to="lab_mtn_LodgingExpensesNet_99E6334D879AFBFE3E58A4B482F9B4BE" xlink:type="arc" />
    <link:label id="lab_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840_totalLabel_en-US" xlink:label="lab_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Resort operating expense</link:label>
    <link:label id="lab_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840_label_en-US" xlink:label="lab_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840" 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_0B5B9C618F1DF8A5F603A4B482F99840_documentation_en-US" xlink:label="lab_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840" 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-20170131.xsd#mtn_ResortExpensesNet" xlink:label="loc_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840" xlink:to="lab_mtn_ResortExpensesNet_0B5B9C618F1DF8A5F603A4B482F99840" xlink:type="arc" />
    <link:label id="lab_mtn_RealEstateExpense_789C61937D77D4009108A4B482F936F6_terseLabel_en-US" xlink:label="lab_mtn_RealEstateExpense_789C61937D77D4009108A4B482F936F6" 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_789C61937D77D4009108A4B482F936F6_label_en-US" xlink:label="lab_mtn_RealEstateExpense_789C61937D77D4009108A4B482F936F6" 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_789C61937D77D4009108A4B482F936F6_documentation_en-US" xlink:label="lab_mtn_RealEstateExpense_789C61937D77D4009108A4B482F936F6" 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-20170131.xsd#mtn_RealEstateExpense" xlink:label="loc_mtn_RealEstateExpense_789C61937D77D4009108A4B482F936F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_RealEstateExpense_789C61937D77D4009108A4B482F936F6" xlink:to="lab_mtn_RealEstateExpense_789C61937D77D4009108A4B482F936F6" xlink:type="arc" />
    <link:label id="lab_mtn_OperatingCostsExpensesAndCostOfSales_0AEEA08CF5E394A9086CA4B482F94BA0_totalLabel_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales_0AEEA08CF5E394A9086CA4B482F94BA0" 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_0AEEA08CF5E394A9086CA4B482F94BA0_label_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales_0AEEA08CF5E394A9086CA4B482F94BA0" 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_0AEEA08CF5E394A9086CA4B482F94BA0_documentation_en-US" xlink:label="lab_mtn_OperatingCostsExpensesAndCostOfSales_0AEEA08CF5E394A9086CA4B482F94BA0" 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-20170131.xsd#mtn_OperatingCostsExpensesAndCostOfSales" xlink:label="loc_mtn_OperatingCostsExpensesAndCostOfSales_0AEEA08CF5E394A9086CA4B482F94BA0" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_OperatingCostsExpensesAndCostOfSales_0AEEA08CF5E394A9086CA4B482F94BA0" xlink:to="lab_mtn_OperatingCostsExpensesAndCostOfSales_0AEEA08CF5E394A9086CA4B482F94BA0" xlink:type="arc" />
    <link:label id="lab_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43_terseLabel_en-US" xlink:label="lab_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of real property</link:label>
    <link:label id="lab_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43_label_en-US" xlink:label="lab_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on sale of real property</link:label>
    <link:label id="lab_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43_documentation_en-US" xlink:label="lab_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The gains and losses included in results of operations resulting from the sale of land.</link:label>
    <link:loc xlink:href="mtn-20170131.xsd#mtn_GainOnSaleOfRealProperty" xlink:label="loc_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43" xlink:to="lab_mtn_GainOnSaleOfRealProperty_3B8FB6170BA38675EA68A4B482F9DD43" xlink:type="arc" />
    <link:label id="lab_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA_terseLabel_en-US" xlink:label="lab_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mountain equity investment income (loss), net</link:label>
    <link:label id="lab_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA_label_en-US" xlink:label="lab_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mountain Equity Investment Income Loss Net</link:label>
    <link:label id="lab_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA_documentation_en-US" xlink:label="lab_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The Company's share of income (loss) from the operations of unconsolidated subsidiaries associated with the mountain segment.</link:label>
    <link:loc xlink:href="mtn-20170131.xsd#mtn_MountainEquityInvestmentIncomeLossNet" xlink:label="loc_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA" xlink:to="lab_mtn_MountainEquityInvestmentIncomeLossNet_EE1CF87B1260187CF7A5A4B482F98FEA" xlink:type="arc" />
    <link:label id="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3C1EE2F028FE17BEECC4A4B482F99193_terseLabel_en-US" xlink:label="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3C1EE2F028FE17BEECC4A4B482F99193" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Reported EBITDA</link:label>
    <link:label id="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3C1EE2F028FE17BEECC4A4B482F99193_label_en-US" xlink:label="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3C1EE2F028FE17BEECC4A4B482F99193" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earning Before Interest Taxes Depreciation and Amortization</link:label>
    <link:label id="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3C1EE2F028FE17BEECC4A4B482F99193_documentation_en-US" xlink:label="lab_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3C1EE2F028FE17BEECC4A4B482F99193" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Earning Before Interest Taxes Depreciation and Amortization for the Segment presented.</link:label>
    <link:loc xlink:href="mtn-20170131.xsd#mtn_EarningBeforeInterestTaxesDepreciationAndAmortization" xlink:label="loc_mtn_EarningBeforeInterestTaxesDepreciationAndAmortization_3C1EE2F028FE17BEECC4A4B482F99193" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InventoryRealEstate_EE69792B88DB1131B30FA4B482F91D4E_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryRealEstate_EE69792B88DB1131B30FA4B482F91D4E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real estate held for sale and investment</link:label>
    <link:label id="lab_us-gaap_InventoryRealEstate_EE69792B88DB1131B30FA4B482F91D4E_label_en-US" xlink:label="lab_us-gaap_InventoryRealEstate_EE69792B88DB1131B30FA4B482F91D4E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Real Estate</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_InventoryRealEstate" xlink:label="loc_us-gaap_InventoryRealEstate_EE69792B88DB1131B30FA4B482F91D4E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InventoryRealEstate_EE69792B88DB1131B30FA4B482F91D4E" xlink:to="lab_us-gaap_InventoryRealEstate_EE69792B88DB1131B30FA4B482F91D4E" xlink:type="arc" />
    <link:label id="lab_us-gaap_DepreciationAndAmortization_205951DC97F0E0FD5C13A4B482F9C09A_negatedLabel_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization_205951DC97F0E0FD5C13A4B482F9C09A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
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    <link:label id="lab_mtn_DescriptionofDevelopmentAgreement_402C73D47B1DB8CE8859A496AF3B3F10_documentation_en-US" xlink:label="lab_mtn_DescriptionofDevelopmentAgreement_402C73D47B1DB8CE8859A496AF3B3F10" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Description of Development Agreement</link:label>
    <link:loc xlink:href="mtn-20170131.xsd#mtn_DescriptionofDevelopmentAgreement" xlink:label="loc_mtn_DescriptionofDevelopmentAgreement_402C73D47B1DB8CE8859A496AF3B3F10" xlink:type="locator" />
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    <link:label id="lab_mtn_DevelopmentAgreementDate_3F7DD96C0A99143D0377A497A601398D_label_en-US" xlink:label="lab_mtn_DevelopmentAgreementDate_3F7DD96C0A99143D0377A497A601398D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Development Agreement Date</link:label>
    <link:label id="lab_mtn_DevelopmentAgreementDate_3F7DD96C0A99143D0377A497A601398D_documentation_en-US" xlink:label="lab_mtn_DevelopmentAgreementDate_3F7DD96C0A99143D0377A497A601398D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Date that Development Agreements were signed</link:label>
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    <link:label id="lab_us-gaap_AssetsAbstract_716E3CD646E8AA80C5064768A5D5EF90_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_716E3CD646E8AA80C5064768A5D5EF90" 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_CashAndCashEquivalentsAtCarryingValue_BC7CCED717C19BDEBD714768A5D5424C_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_BC7CCED717C19BDEBD714768A5D5424C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_BC7CCED717C19BDEBD714768A5D5424C" xlink:type="locator" />
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    <link:label id="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_CAFFA50E520A7B715B744768A5D56E37_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_CAFFA50E520A7B715B744768A5D56E37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted Cash and Cash Equivalents, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue_CAFFA50E520A7B715B744768A5D56E37" xlink:type="locator" />
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    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_F468A2BED1D87DFDC41F4768A5D53F11_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent_F468A2BED1D87DFDC41F4768A5D53F11" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trade receivables, net</link:label>
    <link:label id="lab_us-gaap_AccountsReceivableNetCurrent_F468A2BED1D87DFDC41F4768A5D53F11_label_en-US" xlink:label="lab_us-gaap_AccountsReceivableNetCurrent_F468A2BED1D87DFDC41F4768A5D53F11" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable, Net, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="loc_us-gaap_AccountsReceivableNetCurrent_F468A2BED1D87DFDC41F4768A5D53F11" xlink:type="locator" />
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    <link:label id="lab_us-gaap_InventoryNet_CFF8E5618B6865582A004768A5D56598_terseLabel_en-US" xlink:label="lab_us-gaap_InventoryNet_CFF8E5618B6865582A004768A5D56598" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Inventories, net</link:label>
    <link:label id="lab_us-gaap_InventoryNet_CFF8E5618B6865582A004768A5D56598_label_en-US" xlink:label="lab_us-gaap_InventoryNet_CFF8E5618B6865582A004768A5D56598" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Net</link:label>
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    <link:label id="lab_us-gaap_AssetsCurrent_0EBBDB5D2E54E8F56AAB4768A5D5E784_totalLabel_en-US" xlink:label="lab_us-gaap_AssetsCurrent_0EBBDB5D2E54E8F56AAB4768A5D5E784" 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_LiabilitiesAbstract_43895E85EF906AD867944768A5D588C7_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_43895E85EF906AD867944768A5D588C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesAbstract_43895E85EF906AD867944768A5D588C7_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_43895E85EF906AD867944768A5D588C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities [Abstract]</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_43895E85EF906AD867944768A5D588C7" xlink:type="locator" />
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    <link:label id="lab_mtn_AccountsPayableAccruedLiabilities_8CCEC1DCDFBF988D9B414768A5D5E32E_terseLabel_en-US" xlink:label="lab_mtn_AccountsPayableAccruedLiabilities_8CCEC1DCDFBF988D9B414768A5D5E32E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable and accrued liabilities (Note 6)</link:label>
    <link:loc xlink:href="mtn-20170131.xsd#mtn_AccountsPayableAccruedLiabilities" xlink:label="loc_mtn_AccountsPayableAccruedLiabilities_8CCEC1DCDFBF988D9B414768A5D5E32E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_mtn_AccountsPayableAccruedLiabilities_8CCEC1DCDFBF988D9B414768A5D5E32E" xlink:to="lab_mtn_AccountsPayableAccruedLiabilities_8CCEC1DCDFBF988D9B414768A5D5E32E" xlink:type="arc" />
    <link:label id="lab_us-gaap_AccruedIncomeTaxesCurrent_5D6B35F11F48D9384D7B4768A5D5B78E_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedIncomeTaxesCurrent_5D6B35F11F48D9384D7B4768A5D5B78E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes payable</link:label>
    <link:label id="lab_us-gaap_AccruedIncomeTaxesCurrent_5D6B35F11F48D9384D7B4768A5D5B78E_label_en-US" xlink:label="lab_us-gaap_AccruedIncomeTaxesCurrent_5D6B35F11F48D9384D7B4768A5D5B78E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Income Taxes, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent" xlink:label="loc_us-gaap_AccruedIncomeTaxesCurrent_5D6B35F11F48D9384D7B4768A5D5B78E" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_DEF027D30496C23705194768A5D5979A_label_en-US" xlink:label="lab_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_DEF027D30496C23705194768A5D5979A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt and Capital Lease Obligations, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent_DEF027D30496C23705194768A5D5979A" xlink:type="locator" />
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    <link:label id="lab_us-gaap_LiabilitiesCurrent_DE95C318500199986BCB4768A5D54C66_totalLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrent_DE95C318500199986BCB4768A5D54C66" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
    <link:label id="lab_us-gaap_LiabilitiesCurrent_DE95C318500199986BCB4768A5D54C66_label_en-US" xlink:label="lab_us-gaap_LiabilitiesCurrent_DE95C318500199986BCB4768A5D54C66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities, Current</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="loc_us-gaap_LiabilitiesCurrent_DE95C318500199986BCB4768A5D54C66" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesCurrent_DE95C318500199986BCB4768A5D54C66" xlink:to="lab_us-gaap_LiabilitiesCurrent_DE95C318500199986BCB4768A5D54C66" xlink:type="arc" />
    <link:label id="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations_2C4E5B5BB64F8BFB97874768A5D59DD2_terseLabel_en-US" xlink:label="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations_2C4E5B5BB64F8BFB97874768A5D59DD2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt (Note 4)</link:label>
    <link:label id="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations_2C4E5B5BB64F8BFB97874768A5D59DD2_label_en-US" xlink:label="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations_2C4E5B5BB64F8BFB97874768A5D59DD2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt and Capital Lease Obligations</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligations" xlink:label="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_2C4E5B5BB64F8BFB97874768A5D59DD2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LongTermDebtAndCapitalLeaseObligations_2C4E5B5BB64F8BFB97874768A5D59DD2" xlink:to="lab_us-gaap_LongTermDebtAndCapitalLeaseObligations_2C4E5B5BB64F8BFB97874768A5D59DD2" xlink:type="arc" />
    <link:label id="lab_mtn_OtherLongTermLiabilitiesNoncurrent_956F23254FEF845DB8094768A5D51467_verboseLabel_en-US" xlink:label="lab_mtn_OtherLongTermLiabilitiesNoncurrent_956F23254FEF845DB8094768A5D51467" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other long-term liabilities (Note 6)</link:label>
    <link:loc xlink:href="mtn-20170131.xsd#mtn_OtherLongTermLiabilitiesNoncurrent" xlink:label="loc_mtn_OtherLongTermLiabilitiesNoncurrent_956F23254FEF845DB8094768A5D51467" xlink:type="locator" />
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    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_E04EF90130B9D75371004768A5D5FE15_terseLabel_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_E04EF90130B9D75371004768A5D5FE15" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred income taxes</link:label>
    <link:label id="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_E04EF90130B9D75371004768A5D5FE15_label_en-US" xlink:label="lab_us-gaap_DeferredTaxLiabilitiesNoncurrent_E04EF90130B9D75371004768A5D5FE15" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Tax Liabilities, Net, Noncurrent</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesNoncurrent_E04EF90130B9D75371004768A5D5FE15" xlink:type="locator" />
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    <link:label id="lab_us-gaap_Liabilities_E26279F45F37B79736EB4768A5D5B023_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities_E26279F45F37B79736EB4768A5D5B023" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_us-gaap_Liabilities_E26279F45F37B79736EB4768A5D5B023_label_en-US" xlink:label="lab_us-gaap_Liabilities_E26279F45F37B79736EB4768A5D5B023" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_E26279F45F37B79736EB4768A5D5B023" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities_E26279F45F37B79736EB4768A5D5B023" xlink:to="lab_us-gaap_Liabilities_E26279F45F37B79736EB4768A5D5B023" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_B5651F82A2F77A9E3BC04768A5D5EE23_verboseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_B5651F82A2F77A9E3BC04768A5D5EE23" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Commitments and contingencies (Note 8)</link:label>
    <link:label id="lab_us-gaap_CommitmentsAndContingencies_B5651F82A2F77A9E3BC04768A5D5EE23_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_B5651F82A2F77A9E3BC04768A5D5EE23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies</link:label>
    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_B5651F82A2F77A9E3BC04768A5D5EE23" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingencies_B5651F82A2F77A9E3BC04768A5D5EE23" xlink:to="lab_us-gaap_CommitmentsAndContingencies_B5651F82A2F77A9E3BC04768A5D5EE23" xlink:type="arc" />
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_569CBDDB8A8693697A654768A5D52C07_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_569CBDDB8A8693697A654768A5D52C07" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stockholders' Equity</link:label>
    <link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_569CBDDB8A8693697A654768A5D52C07_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_569CBDDB8A8693697A654768A5D52C07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]</link:label>
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    <link:label id="lab_us-gaap_PreferredStockValue_79B609F88162F070CDD24768A5D525EE_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockValue_79B609F88162F070CDD24768A5D525EE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred stock, $0.01 par value, 25,000,000 shares authorized, no shares issued and outstanding</link:label>
    <link:label id="lab_us-gaap_PreferredStockValue_79B609F88162F070CDD24768A5D525EE_label_en-US" xlink:label="lab_us-gaap_PreferredStockValue_79B609F88162F070CDD24768A5D525EE" 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/2015/elts/us-gaap-2015-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="loc_us-gaap_PreferredStockValue_79B609F88162F070CDD24768A5D525EE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockValue_79B609F88162F070CDD24768A5D525EE" xlink:to="lab_us-gaap_PreferredStockValue_79B609F88162F070CDD24768A5D525EE" xlink:type="arc" />
    <link:label id="lab_us-gaap_CommonStockValue_F35E4F4C4CB27FD2DB5C4768A5D532C6_verboseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue_F35E4F4C4CB27FD2DB5C4768A5D532C6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common stock, $0.01 par value, 100,000,000 shares authorized, 45,419,228, 41,614,432 and 41,578,019 shares issued, respectively</link:label>
    <link:label id="lab_us-gaap_CommonStockValue_F35E4F4C4CB27FD2DB5C4768A5D532C6_label_en-US" xlink:label="lab_us-gaap_CommonStockValue_F35E4F4C4CB27FD2DB5C4768A5D532C6" 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:label id="lab_mtn_ExchangeableSharesValueIssued_1F5A4757F116AFFBD9334768A5D5A45C_terseLabel_en-US" xlink:label="lab_mtn_ExchangeableSharesValueIssued_1F5A4757F116AFFBD9334768A5D5A45C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchangeable shares, $0.01 par value, 73,047, zero and zero shares issued and outstanding, respectively (Note 5)</link:label>
    <link:label id="lab_mtn_ExchangeableSharesValueIssued_1F5A4757F116AFFBD9334768A5D5A45C_label_en-US" xlink:label="lab_mtn_ExchangeableSharesValueIssued_1F5A4757F116AFFBD9334768A5D5A45C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchangeable Shares, Value, Issued</link:label>
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