Despite Global Recession, Ski Resorts Gain

Despite Global Recession, Ski Resorts Gain

Despite the fact that recession has managed to pull almost every industry down, ski resorts across the United States have managed to post steady hikes in revenue over the past 5 years, as has been shared by the research firm IbisWorld.

In 2009 as well, as most industries were going to the recession hurt, revenue of ski resorts surged by 2.3% as compared to the previous year, revealed IbisWorld. As for 2010, the revenue is expected to record a rise of almost 6% to $2.72 Billion.

In recent years, the ski resorts industry has become more consolidated, and some small resorts have either been pushed out of business all together, or purchased by larger ones. Two firms alone, Intrawest and Vail Resorts, manage to make up for 51% of the total industry revenue.

Despite the strong figures and an upbeat outlook, the ski industry is vulnerable to forces that it has no control over, most notably the weather. One whole season of light snowfall can have a significant impact on the account books.

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