Ski & Snowboard Resorts in the US - Industry Market Research Report

Fresh powder: Consumer spending will trend upward due to continued economic recovery, supporting industry demand

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. 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. 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.