Ski Industry News
Despite Intrawest’s Financial Woes, Ski Resorts Will Beat the Travel Industry Meltdown
The following commentary is offered by Ken Schapiro, President of Condor Capital:
Despite the disturbing ski industry news last week that resort operator Intrawest ULC had missed a debt payment on a $1.4 billion loan, the ski business is holding its own in the midst of nationwide travel revenue declines. All signs point toward a modest 3% to 5% revenue drop for mountain resorts nationally, which compares favorably with travel industry trends.
BTN focus: Ski industry braced for a chilly winter
The outlook for skiing in 2009/10 remains uncertain for skiers and the ski business alike. Despite last season’s excellent snow conditions, the feelgood factor has yet to transfer to the forthcoming season, and operators are bracing themselves for a tough season.
Confidence returning to ski industry as skiers find ways to save up to 35% on their holidays
Confidence is returning to the ski industry with 80 per cent of skiers who did not ski last year planning to return to the slopes this season.
