There are several factors that affect ski visitor numbers, foremost among them are economic and meteorological conditions. There is direct evidence that visitor numbers drop during economic downturns or warm seasons with low precipitation levels. But these factors are cyclical and in the long run do not seem to have a significant impact on average visiting patterns.
Total ski visits into the top eight global markets (USA, France, Austria, Japan, Italy, Switzerland, Canada and Germany) declined by 1.6% since last year, falling from 284.6 to 280 million. Ageing populations, particularly in Europe, are taking their toll as the large baby boomer demographic is now at the upper end of skiing age and the millennial generation (age 20 to 35) has had until now, a lower propensity to ski.
The ever-growing range of leisure options for this generation is spreading the prospective market even thinner. Switzerland, worst affected by this trend, has seen ski visitor numbers decline 17% in the last decade. In order to see sustained growth in future, ski resorts are diversifying their offer to attract a higher share of younger age groups. This has meant paying more attention to their specific needs and desires.
Generation Y, the ‘digitally connected generation’, shaped by technology but often burdened by student debt needs a ski experience relevant to them. This means more accessible teaching methods, a greater variety of activities, and accommodation geared to shorter stays.
Many resorts are now offering free access to wifi on the lifts as well as slopes. Real estate is also being tailored towards a younger demographic. In certain resorts, there has been a move away from the traditional ‘rustic’ look of hotels and lodgings, preferred by the boomer generation, toward more contemporary designs favoured by a younger consumer group.
More resorts have also focused on developing their infrastructure, catering to the more extreme variations of skiing and snowboarding. Winter X-Games type snow parks are now becoming permanent fixtures in many major global resorts.
There is an ongoing ‘flight to quality’, as resorts invest in infrastructure and facilities to compete with one another on a global stage. In North America, Vail Resorts have recently announced a merger with Whistler Blackcomb resort for $1.1bn, two premier resorts in the region.
Consolidation builds a stronger joint platform for investment and global marketing, essential in a competitive sector with a stagnant consumer base. Single operator ownership gives these resorts an edge over their European counterparts when it comes to whole-resort strategy.
Real estate investors would do well to seek out property in established, accessible resorts with a diverse non-ski offer. But, affluent yet time-poor visitors will tend to seek the most snow-reliable resorts to make maximum use of their limited leisure time. The following section aims to highlight the resorts that fulfil these criteria.