The idea of a ski destination actively pursuing its target audience in India might have appeared unconventional in the past. India, known for its diverse climates and predominantly warm regions, is not typically associated with skiing. However, the tourism sector has now undergone a remarkable shift, turning Indians into a coveted audience for a variety of experiences.
We always want what we can't have: Investors may salivate over how ski resorts have performed over the span of the pandemic, but owners have little incentive to sell their durable assets.
Major year-over-year revenue growth at Colorado ski resorts last month doesn't necessarily mean owners should expect an avalanche of profits this winter, especially in light of surging coronavirus cases around the world.
The world's biggest operator of ski resorts, Compagnie des Alpes, wants to fend off the threat of third-party distribution by offering consumers a one-stop shop for booking all parts of a trip. Leave it to the French to lead the resistance.
Through a new venture with KSL Capital Partners, Aspen Skiing Company (Skico) is broadening its scope far beyond Colorado. But it's not only about amassing mountains. Skico is concentrating on building a new boutique hotel brand, which is raising eyebrows in its newest destination.
Vail Resorts is strategically becoming one of the most dominant, global players in the ski business, and its acquisition of B.C.’s Whistler Blackcomb is only further proof of that.
Expensive, high-tech equipment is needed to keep snow on resorts mountains pushing small operations out of existence as larger resorts with means manage to survive despite dropping snow levels.