The Vail Daily reports wages at Vail Resorts in the U.S. will increase from $11 per hour to $12.25 per hour.
Vail Resorts CEO Rob Katz said in an earnings call Thursday that the wage increase will be covered by a $40 million cash savings that the company expects to see in 2018.
The new tax law also gives the company room for a 40 percent increase in its quarterly dividend to shareholders.
The moves come during a year that company officials say has been challenging due to low snowfall at most of its U.S. ski resorts.