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Mountain and Ski Resorts Market Report, Size, Share, Growth, Trends, Analysis, Forecast to 2033
Mountain and Ski Resorts Market
The new report published by The Business Research Company, titled Mountain And Ski Resorts Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the mountain and ski resorts market size has grown rapidly in recent years. It will grow from $13.24 billion in 2023 to $14.74 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The mountain and ski resorts market size is expected to see rapid growth in the next few years. It will grow to $22.71 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
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What Is Driving The Growth Of The Global Mountain And Ski Resorts Market?
Growing Popularity Of Winter Sports Driving Expansion In Mountain And Ski Resort Market
The increasing popularity of winter sports is expected to propel the growth of the mountain and ski resorts market going forward. Winter sports refer to recreational activities performed on snow or ice, such as skiing, snowboarding, and ice skating, which are popular in mountain and ski resort areas. The rising interest in winter sports is fueled by improved equipment, better access to ski resorts, and growing awareness of the health benefits of winter sports. Mountain and ski resorts support winter sports by providing specialized facilities, equipment, and conditions for activities such as skiing, snowboarding, and snowshoeing. For instance, in December 2023, according to the Canadian Ski Council, a Canada-based national organization of the ski and snowboard industry, Canada saw 21.069 million skier visits (excluding Nordic and Heli), with domestic visits increasing to 19.17 million from 18.6 million in the 2021-22 season and international visits reaching 1.8 million for the 2022-23 season. Therefore, the increasing popularity of winter sports is driving the mountain and ski resorts market.
What Is The Key Trend In The Global Mountain And Ski Resorts Market?
Artificial Intelligence Advancements In Mountain Resorts Improve Guest Experiences With Real-Time Support
Major companies operating in the mountain and ski resorts market are focusing on developing innovative artificial intelligence (AI)-integrated features to sustain their position in the market. Artificial intelligence (AI)-integrated features refer to the use of advanced AI technologies to enhance various aspects of the skiing experience, resort operations, and safety measures. For instance, in March 2024, Vail Resorts Inc., a US-based mountain resort company, launched My Epic Assistant in the My Epic app. This feature provides 24/7 access to real-time information on snow conditions, dining, rentals, and ski school schedules. It integrates recent AI advancements and expert knowledge to enhance guest services, with plans for proactive, personalized recommendations and continuous booking support. This innovation aims to offer efficient, real-time support to guests, reduce operational costs, and demonstrate Vail Resorts' commitment to technological advancement and AI integration in the mountain and ski resorts.
How Is The Global Mountain And Ski Resorts Market Segmented?
The mountain and ski resorts market covered in this report is segmented -
1) By Services: Skiing, Trekking, Rides, Sledding, Snowmobiling, Other Services
2) By Age Group: Below 15 Years, 16 To 25, 26 To 35, 36 To 45, 46 To 55, Above 55
3) By Consumer Orientation: Men, Women, Children
4) By Booking Channel: Online Booking, In Person Booking
5) By Tourist Type: Domestic, International
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How Is The Competitive Landscape Of The Global Mountain And Ski Resorts Market?
Major companies operating in the mountain and ski resorts market are Alterra Mountain Company, Vail Resorts, Mammoth Mountain, Park City Mountain Resort, Snowbird Ski Resort, Whistler Blackcomb, Jackson Hole Mountain Resort, Big Sky Resort, Aspen Skiing Company, Stowe Mountain Resort, Telluride Ski Resort, Breckenridge Ski Resort, The Vintage Gulmarg, Valle Nevado, Deer Valley Resort, Sun Valley Resort, Solang Valley Resort, The Himalayan, The Khyber Himalayan Resort and Spa, Killington Resort, Arapahoe Basin
Contents Of The Global Mountain And Ski Resorts Market
1. Executive Summary
2. Mountain And Ski Resorts Market Report Structure
3. Mountain And Ski Resorts Market Trends And Strategies
4. Mountain And Ski Resorts Market - Macro Economic Scenario
5. Mountain And Ski Resorts Market Size And Growth
…..
27. Mountain And Ski Resorts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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