Global Mountain And Ski Resorts Market Size 2024, Forecast To 2033
8 Oct, 2024
The mountain and ski resorts market size has experienced rapid growth in recent years, projected to rise from $13.24 billion in 2023 to $14.74 billion in 2024, with a compound annual growth rate (CAGR) of 11.3%. This growth in the historical period is attributed to rising disposable income, improvements in transportation infrastructure, the increasing popularity of winter sports, growth in the tourism industry, and an uptick in domestic travel. In the coming years, the mountain and ski resorts market is expected to continue its rapid expansion, reaching $22.71 billion by 2028 at a CAGR of 11.4%. Factors contributing to this anticipated growth include climate change adaptation strategies, growing health and wellness trends, personalized customer experiences, increased foreign tourism, and a focus on sustainability. Major trends expected to shape the market during the forecast period encompass the use of artificial intelligence, the rise of adventure tourism, virtual reality experiences, the expansion of non-ski activities, and enhanced safety measures.
Global Mountain And Ski Resorts Market Key Driver
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.
Get A Free Sample Of The Mountain And Ski Resorts Market ReportGlobal Mountain And Ski Resorts Market Segments
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
By Geography:The regions covered in the mountain and ski resorts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Mountain And Ski Resorts Industry Players
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
Purchase The Global Mountain And Ski Resorts Market Report Directly And Get A Swift Delivery
Mountain And Ski Resorts Market Overview
Mountain and ski resorts are recreational destinations located in mountainous regions, offering facilities and services for skiing, snowboarding, and various outdoor activities, along with accommodations and amenities for visitors. These are used for winter sports, outdoor recreational activities, relaxation, lodging, dining, and hosting events such as weddings and corporate retreats.
Mountain And Ski Resorts Global Market Report 2023 provides data on the global mountain and ski resorts market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The mountain and ski resorts market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.