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Mountain And Ski Resorts Market: Major Trends Reshaping the Future of the Industry
Mountain And Ski Resorts Market
What Will the Mountain And Ski Resorts Industry Market Size Be by 2025?
In recent times, the market size for mountain and ski resorts has witnessed a swift expansion. The market, which is projected to rise from $14.74 billion in 2024 to $16.35 billion in 2025, is expected to register a compound annual growth rate (CAGR) of 11.0%. The growth during the historic period can be ascribed to factors such as rising disposable income, improvements in transportation infrastructure, growing popularity of winter sports, expansion of the tourism industry, and boost in domestic travel.
What's the Long-Term Growth Forecast for the Mountain And Ski Resorts Market Size Through 2029?
The size of the mountain and ski resorts market is predicted to expand rapidly in the coming years, escalating to "$25.06 billion in 2029 with a consistent annual growth rate (CAGR) of 11.3%. The projected growth during this forecast period is primarily due to factors such as adaptation to climate change, rising healthcare and wellness pursuits, customization of guest experiences, heightened overseas tourism, and an emphasis on environmental sustainability. Key market trends for this period comprise the integration of artificial intelligence, the burgeoning popularity of adventure tourism, virtual reality-based activities, the diversification of non-ski activities, and upgraded safety protocols.
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What Are the Key Growth Drivers Fueling the Mountain And Ski Resorts Market Expansion?
The growth of the mountain and ski resorts market is predicted to be driven by the escalating fondness for winter sports. Winter sports entails recreational activities, which are performed on snow or ice, like skiing, snowboarding, and ice-skating. These activities are immensely enjoyed in the mountain and ski resort areas. The surge in interest towards winter sports is propelled by the easy accessibility to ski resorts, enhanced equipment and the growing understanding about the health benefits of engaging in winter sports. Mountain and ski resorts contribute enormously to the growth of winter sports as they offer specialized facilities, equipment and conditions for activities like skiing, snowboarding and snowshoeing. As per the Canadian Ski Council, a Canada-based national organization of the ski and snowboard industry in December 2023, Canada experienced 21.069 million skier visits (excluding Nordic and Heli). This also included an increase in domestic visits from 18.6 million in the 2021-22 season to 19.17 million and international visits reaching 1.8 million for the 2022-23 season. Hence, the burgeoning popularity of winter sports is catapulting the growth of the mountain and ski resorts market.
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Which Emerging Trends Are Transforming the Mountain And Ski Resorts Market in 2025?
Leading businesses in the mountain and ski resorts industry are striving to retain their competitive edge by incorporating innovative artificial intelligence (AI) functionalities. The term AI-integrated features alludes to the deployment of cutting-edge AI techniques to amplify different facets of the skiing experience, resort's administrative tasks, and safety protocols. For instance, in March 2024, Vail Resorts Inc., a firm based in the US that operates mountain resorts, introduced My Epic Assistant within the My Epic app. This tool grants round-the-clock accessibility to live updates about snow conditions, food services, equipment hire, and ski lesson timings. It amalgamates the latest progress in AI and specialist insights to improve guest services, outlining strategies for proactive personalized advice and ongoing reservation assistance. This breakthrough is designed to furnish immediate, effective assistance to visitors, decrease operational expenses and attest Vail Resorts' dedication towards embracing technology evolution and AI assimilation within the mountain and ski resorts.
How Is the 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
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 Companies Are Leading the Charge in Mountain And Ski Resorts Market Innovation?
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
Which Regions Are Leading the Global Mountain And Ski Resorts Market in Revenue?
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.
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