Ski & Snowboard Resorts in the US
The Ski and Snowboard Resorts industry have prospered over the five years to 2019 due to favorable broader economic conditions. In particular, improvements in household income have enabled families to increase their spending on vacations. Over the past five years, major industry operators Vail Resorts Inc. (Vail Resorts) and Alterra Mountain Company (Alterra) introduced Epic Pass and Ikon Pass, respectively, which both enable consumers to ski at multiple mountain locations of their choice. These packages are believed to help industry companies to better contend with shorter snow days at selected locations under its umbrella. Winter tourism is not only sensitive to climate change but also vulnerable to customer income and spending patterns. Over the next five years, consumer spending is expected to slow down in response to economic uncertainty, reducing demand for ski and snowboard resorts. Similarly, family trips and vacations are expected to follow suit, further contributing to the slowdown in industry growth.
The Ski and Snowboard Resorts industry is composed of establishments engaged in operating downhill, cross-country or similar skiing areas, or operating equipment, such as ski lifts and tows. These establishments often provide food and beverage services, equipment rental services and ski instruction services. Four-season resorts without accommodations are also included in this industry, but companies that own and do not operate ski resorts are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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