Slippery slope: Economic recovery will boost demand, while climate change strains operations

Ski and snowboard resorts experienced moderate growth over the past five years, despite volatile precipitation rates. Families and individuals have been less aversive to increasing their winter vacation budgets due to consistent rises in per capita disposable income. During the five-year period, resorts offered more deals for season packages to encourage visitors, even as they invested in more snowmaking equipment and faster lifts, to boost future revenue. The Ski and Snowboard Resorts industry is highly vulnerable not only to spending patterns, but also to climate change. Improved technology, energy efficiency and demand are expected to result in revenue growth over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.6%
Forecast Growth 17-22
Profit
Employment
75,197
Businesses
380

Industry Threats & Opportunities

  • Improved technology, energy efficiency and demand will result in industry revenue growth
  • An increase in inbound trips by non-US residents has helped sustain industry growth
  • Growing wage costs are projected to put downward pressure on industry profit
  • Industry Report - Industry Analysis Chapter

    The Ski and Snowboard Resorts industry has experienced moderate growth over the past five years, as consumer spending has recovered and tourism has encouraged more consumers to spend on the slopes. These facilities have recorded steady growth, supported primarily by several high average visitor numbers and successful marketing efforts by ski resorts. Fortunately for the industry, the strong rebound in tourism levels, in conjunction with steadily increasing per capita disposable income, has benefited the industry, which is predominantly marked as a vacation destination.Over the five years to 2017, the industry has benefited from a rebound in per capita disposable income. As ...purchase to read more.

    Additional Insights for the Ski & Snowboard Resorts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ski & Snowboard Resorts Industry are

  • Effective cost controls
  • Economies of scale
  • Proximity to population centers
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Average annual precipitation in the Ski & Snowboard Resorts industry impact industry performance..

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    What's in this report

    What is the Ski & Snowboard Resorts Industry?

    This industry is composed 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.

    Industry Products
  • Skiing facilities
  • Food and beverages
  • Ski schools
  • Equipment rental
  • Merchandise
  • Industry Activities
  • Operating alpine skiing facilities without accommodations
  • Operating cross-country skiing facilities without accommodations
  • Operating downhill skiing facilities without accommodations
  • Operating four-season ski resorts without accommodations
  • Ski lift and tow operation
  • Operating ski resorts without accommodations
  • Operating cross-country skiing facilities without accommodations
  • Operating downhill skiing facilities without accommodations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Average annual precipitation
  • Per capita disposable income
  • Time spent on leisure and sports
  • Inbound trips by non-US residents

  • Current Performance
  • Industry growth
  • Profit
  • Climate change
  • Chart: Revenue Growth

  • Industry Outlook
  • Shifting workforce
  • More business
  • Environmental concerns
  • Table: Ski & Snowboard Resorts Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ski & Snowboard Resorts Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Grocery Wholesaling
  • Heating & Air-Conditioning Contractors
  • Oil & Gas Pipeline Construction
  • Plumbers
  • Sporting Goods Wholesaling
  • Water & Sewer Line Construction

  • Products & Services
  • Skiing facilities
  • Equipment rental
  • Ski schools
  • Food and beverages
  • Merchandise
  • Other
  • Chart: Ski & Snowboard Resorts Industry Products and Services Segmentation

  • Demand Determinants
  • Weather
  • Other

  • Major Markets
  • Destination visitors
  • Local visitors
  • Chart: Major Market Segmentation for the Ski & Snowboard Resorts Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Ski & Snowboard Resorts

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ski & Snowboard Resorts Industry

  • Industry Globalization
    Vail Resorts Inc., Intrawest Corporation, Boyne Resorts, POWDR Corporation,
  • Table: Vail Resorts Inc. - financial performance
  • Table: Intrawest Corporation - financial performance
  • Table: Boyne Resorts - financial performance
  • Table: POWDR Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ski & Snowboard Resorts Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ski & Snowboard Resorts Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Inbound trips by non-US residents (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Destination Skier
  • A skier or snowboarder who travels from interstate or abroad to a ski resort.
  • In-State Skier
  • A skier or snowboarder who lives locally (in-state) and may visit the same ski resort multiple times during the season.
  • Sustainable Slopes
  • An environmental charter that outlines best practices that ski resorts can use to save energy and natural resources, protect wildlife and educate guests on environmental stewardship.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Ski & Snowboard Resorts contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Ski & Snowboard Resorts:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ski & Snowboard Resorts market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ski & Snowboard Resorts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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