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Growing Popularity Of Winter Sports Driving Expansion In Mountain And Ski Resort Market Driver: Leading Transformation in the Mountain And Ski Resorts Market in 2025
Mountain And Ski Resorts Market
The market size for mountain and ski resorts has seen considerable growth in the past few years. From $14.74 billion in 2024, it is projected to expand to $16.44 billion in 2025, showing a compound annual growth rate (CAGR) of 11.6%. The significant growth observed during the historic period can be ascribed to factors such as increased disposable income, enhancements in transportation infrastructure, a heightened interest in winter sports, expansion in the tourism sector, and a surge in local travel.
A surge in the size of the mountain and ski resorts market is projected in the forthcoming years. An impressive growth is forecasted, with its value reaching $25.26 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. This anticipated growth throughout the forecast period is owed to factors like adaptability to climate change, the proliferation of health and wellness trends, individualized customer experiences, a rise in international tourism, and an emphasis on sustainability. The forecast period is also predicted to witness significant trends like the incorporation of artificial intelligence, an increase in adventure tourism, the emergence of virtual reality experiences, the introduction of additional non-ski activities, and the implementation of heightened safety protocols.
What Key Elements Are Boosting Growth in the Mountain And Ski Resorts Market?
The mountain and ski resorts market is projected to expand due to the surging popularity of winter sports. Recreational activities done in snow or icy environments, like skiing, snowboarding, and ice skating, are the types of winter sports that have gained increasing interest. This surge in popularity has been spurred by advancements in equipment, more convenient access to ski resorts, and a broader understanding of the health advantages these activities provide. Mountain and ski resorts cater to these interests by offering specialized amenities, equipment, and the necessary conditions for activities like skiing, snowboarding, and snowshoeing. As an example, data from the Canadian Ski Council, Canada's national ski and snowboard industry organization, showed that in December 2023, Canada recorded 21.069 million ski visits (excluding Nordic and Heli). Domestic visits saw an uptick, reaching 19.17 million from 18.6 million in the 2021-22 season, and international visits touched 1.8 million for the 2022-23 season. Consequently, the escalating popularity of winter sports is propelling the growth of the mountain and ski resorts market.
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Which Leading Companies Are Shaping the Growth of the 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
What Are the Major Trends Shaping the Mountain And Ski Resorts Market?
Major firms in the mountain and ski resorts industry are prioritizing the development of novel artificial intelligence (AI) features as a strategy to secure their market position. This concept implies the application of cutting-edge AI technology to optimize the skiing experience, improve resort operations, and bolster safety protocols. For instance, in March 2024, Vail Resorts Inc., a mountain resort firm based in the U.S., introduced My Epic Assistant within the My Epic app. This feature offers around-the-clock access to real-time data on snow conditions, food and drink facilities, equipment rentals, and ski school timetables. It combines the latest AI advancements with expert knowledge to improve guest services, planning for proactive, personalized recommendations alongside ongoing booking assistance. By doing so, this innovation aims to provide guests with prompt, real-time support, lower operating expenses, and showcase Vail Resorts' dedication to technological progression and AI incorporation in the mountain and ski resort sector.
What Are the Key Segments of the Mountain And Ski Resorts Market?
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
Subsegments:
1) By Skiing: Alpine Skiing, Cross-Country Skiing, Freestyle Skiing, Ski Lessons And Rentals
2) By Trekking: Guided Treks, Self-Guided Treks
3) By Snowshoeing: Winter Hiking
4) By Rides: Chairlift Rides, Gondola Rides, Snowcat Rides, Zip Line Rides
5) By Sledding: Tobogganing, Snow Tubing, Ice Sledding
6) By Snowmobiling: Guided Snowmobile Tours, Snowmobile Rentals, Off-Road Snowmobiling Adventures
7) By Other Services: Spas And Wellness, Ice Skating, Shopping And Dining, Snowboarding Lessons, Event Hosting
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Which Region Dominates the Mountain And Ski Resorts Market?
North America was the largest region in the mountain and ski resort market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mountain and ski resorts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Mountain And Ski Resorts Global Market Report?
- Market Size Analysis: Analyze the Mountain And Ski Resorts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mountain And Ski Resorts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mountain And Ski Resorts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mountain And Ski Resorts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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