The mountain and ski resorts global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mountain And Ski Resorts Market, 2024The mountain and ski resorts global market report 2024
Market Size –
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 growth in the historic period can be attributed to increasing disposable income, improving transportation infrastructure, the rising popularity of winter sports, the growth of the tourism industry, and an increase in domestic travel.
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%. The growth in the forecast period can be attributed to climate change adaptation, growing health and wellness trends, personalized customer experiences, increased foreign tourism, and a focus on sustainability. Major trends in the forecast period include the use of artificial intelligence, the rise of adventure tourism, virtual reality experiences, the expansion of non-ski activities, and enhanced safety measures.
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Scope Of Mountain And Ski Resorts Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mountain And Ski Resorts Market Overview
Market Drivers –
The increasing popularity of winter sports is projected to propel the growth of the mountain and ski resorts market going forward. Winter sports encompass recreational activities conducted on snow or ice, including skiing, snowboarding, and ice skating, which are especially popular in mountain and ski resort areas. The rising interest in winter sports is driven by improved equipment, better access to ski resorts, and growing awareness of the health benefits associated with winter sports. Mountain and ski resorts enhance the winter sports experience by providing specialized facilities, equipment, and conditions suitable for activities like skiing, snowboarding, and snowshoeing. According to the Canadian Ski Council, a national organization representing the ski and snowboard industry, Canada recorded 21.069 million skier visits (excluding Nordic and Heli) in December 2023, 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 a key factor driving the mountain and ski resorts market.
Market Trends –
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.
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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Regional Insights –
North America was the largest region in the mountain and ski resort market in 2023. 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.
Key Companies –
Major companies in the 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
Table of Contents
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. Global Mountain And Ski Resorts Market Size and Growth
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32. Global Mountain And Ski Resorts Market Competitive Benchmarking
33. Global Mountain And Ski Resorts Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mountain And Ski Resorts Market
35. Mountain And Ski Resorts Market Future Outlook and Potential Analysis
36. Appendix
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