$4.6bn
$XX.Xbn
81,495
337
$X.Xbn
The ski and snowboard resorts industry has benefited from favorable economic conditions over most of the five years to 2023. Improvements in household income enabled families to increase their spending on vacations. As the pandemic continues to subside, industry demand is expected to continue rebounding in 2023. The industry will also benefit from the return of incoming travelers from abroad, which hadn't recovered in the same way as domestic travel did following the pandemic. Overall, industry revenue increased at a CAGR of 3.7% to $4.6 billion over the five years to 2023, including an anticipated 3.4% increase in 2023. Profit has fallen to 10.2% of revenue in 2023, from 10.8% in 2018.Major players Vail Resorts and Alterra Mountain expanded their Epic Pass and Ikon Pass, enabling consumers to ski at multiple mountain locations of their choice. These packages helped these major players better contend with shorter snow days at selected locations under the company's umbrella.Winter tourism is not only sensitive to climate change, but it's also vulnerable to customer income and spending patterns. Consumer spending is expected to trend upward as the economy continues to recover from pandemic-induced lows, supporting demand for ski and snowboard resorts. Family trips and vacations are expected to follow suit, contributing to revenue growth. Operators have put more effort into sustaining winter tourism by initiating various programs to reduce greenhouse gas emissions and educating visitors on how to do the same. Larger companies are also expected to continue adding snowmaking capabilities to limit risk while operating. Revenue will rise at a CAGR of 1.3% to $4.9 billion over the next five years.
Industry revenue has grown at a CAGR of 2.9 % over the past five years, to reach an estimated $4.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Vail Resorts, Inc. | 1,325.9 | 223.9 | 16.9 | |
Alterra Mountain Company | 551.9 | 52.6 | 9.5 | |
Boyne Resorts | 275.9 | 18.9 | 6.9 |
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Industry revenue is measured across several distinct product and services lines, including Skiing facilities, Food and beverages and Ski schools. Skiing facilities is the largest segment of the Ski & Snowboard Resorts in the US.
Skiing facilities grow amid rising disposable incomes
The Ski and Snowboard Resorts industry is composed of companies engaged in operating downhill, cross-country or similar skiing areas, or operating equipment, such as ski lifts and tows. These operators 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.
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NAICS 71392 - Ski & Snowboard Resorts in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry benefited from increased disposable income and an increase in domestic travel. But operators had to shut down resorts during the pandemic, as they were classifie...
Learn about an industry's products and services, markets and trends in international trade.
Resorts sell and rent equipment for winter sports activities at their retail shops. Resorts that offer various equipment brands can generate higher profits compared to other ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Resorts are centered geographically near mountainous areas that receive good snowfalls. Being located near large population centers is also beneficial, as transportation cost...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Weather conditions can be a critical form of competition for operators. Resorts that experience a lot of snowfall can attract more consumers and limit snowmaking expenses.
Learn about the performance of the top companies in the industry.
Technological advances and rising infrastructure costs have made acquiring competitors more feasible for larger operators, compared to building a new resort which requires sig...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Ski resorts are subject to various federal, state, regional and local laws and regulations. For example, companies must comply with the National Forest Management Act and the...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The pandemic and investments to upgrade daily operations put pressure on profit. Companies also had to offer discounts following the pandemic to attract customers back to the...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Ski & Snowboard Resorts in the US industry in United States is $4.6bn in 2024.
There are 337 businesses in the Ski & Snowboard Resorts in the US industry in United States, which has grown at a CAGR of 2.4 % between 2019 and 2024.
The market size of the Ski & Snowboard Resorts in the US industry in United States has been growing at a CAGR of 2.9 % between 2019 and 2024.
Over the next five years, the Ski & Snowboard Resorts in the US industry in United States is expected to grow.
The biggest companies operating in the Ski & Snowboard Resorts market in United States are Vail Resorts, Inc., Alterra Mountain Company and Boyne Resorts
Operating alpine skiing facilities without accommodations and Operating cross-country skiing facilities without accommodations are part of the Ski & Snowboard Resorts in the US industry.
The company holding the most market share in United States is Vail Resorts, Inc..
The level of competition is high and steady in the Ski & Snowboard Resorts in the US industry in United States.