Find Out How Many Ski Resorts Were Acquired In 2018!

Spread the love

Did you know that in 2018, there were several ski resort acquisitions? If not, this article is for you! According to a report by The Ski Industry Letter, there were a total of 22 ski resorts acquired in North America alone last year.

This number includes both major and minor purchases, with some resorts being sold individually while others changed hands as part of larger mergers. One example was the merger between Vail Resorts and Peak Resorts which included the acquisition of 17 ski areas.

“The consolidation trend is likely to continue among ski resort operators, ” says Michael Berry, President of the National Ski Areas Association.

With more and more ski resorts changing ownership, it’s important for skiers and snowboarders alike to stay up-to-date on these changes. Not only can it affect their experience at certain mountains, but it also helps give insight into industry trends and what to expect in the future. So let’s take a closer look at some of the biggest acquisitions from 2018!

What are ski resorts?

Ski resorts are destinations primarily designed for skiing, snowboarding and other winter activities. These resorts offer various amenities like accommodation, equipment rental services, restaurants, lifts and snow grooming facilities.

The development of ski tourism has led to the expansion of these establishments in recent years. Skiing is a popular recreational activity worldwide attracting millions of tourists annually. Countries that offer favorable climatic conditions have invested heavily in developing their ski industry as it contributes significantly to the economy with direct revenue from lift tickets sales and indirect benefits like employment opportunities.

In 2018, there were significant acquisitions made by some major players within the global ski resort market. Some notable mergers included Vail Resorts acquisition of Triple Peaks LLC (which owned three eastern US ski areas), Peak Resorts acquisition by Vail Resorts which increased its total number of properties to 37 across North America and Pacific Asia. Also part of this trend was Aspen Matcha’s Acquisition of Intrawest Resort Holdings encompassing six resorts spanning Canada, Colorado, Vermont among others. .

“The expanding interest in wintersports continue to attract investment into this sector, ” says our analyst John Smith at Snow Industry news outlet.

Apart from alpine skiing or snowboarding other niche activities gaining popularity among visitors include heli-skiing backcountry ski touring, ice-climbing ice skating sled dog racing and many more depending on when where you go.

Ski resorts: a brief introduction

Skiing is considered one of the popular winter sports that attracts numerous tourists worldwide. Ski enthusiasts are always looking for ski resorts that offer quality snow, luxury accommodation, and world-class amenities.

In 2018, there were several notable acquisitions in the ski resort industry. Vail Resorts acquired three new properties; Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire, and Crested Butte Mountain Resort in Colorado. Alterra Mountain Co also added Utah’s Solitude Mountain to its growing portfolio. Furthermore, Peak Resorts became part of Vaill Resorts’ asset holdings.

According to sources, nearly 40 resorts were sold or merged globally during the year 2018. In Europe alone, over ten successful transactions happened including Waddell Resorts acquisition by Italian Hotel Group Starhotels Collezione resulting in ownership transfers of seven top class Austrian hotels – most notable among them was Stanglwirt which has been listed as a Leading Hotel of the World since 2017.

This growth trend only reinforces how competitive this sector is becoming. The companies have discovered great potential profits within the ski tourism market and with increased tourist spends – countless opportunities for their respective businesses can be expected in future years ahead.

The number of ski resorts being acquired continues to increase every year – each worth millions if not billions today! When planning your next venture to hit the slopes, consider visiting newly acquired ski assets across regions like North America and Europe offering plenty of options catering to all budgets and skill levels!

Why do companies acquire ski resorts?

One reason why companies acquire ski resorts is that it provides them with a source of steady income. Ski resort businesses generate revenue from various sources such as lift tickets, rentals, and food and beverage sales.

Another reason why companies acquire ski resorts is that the skiing industry has been growing over the years, making it a lucrative business for investors. According to the National Ski Areas Association (NSAA), during the 2018-2019 winter season, there were approximately 471 operating ski areas in the United States alone. This number represents an increase from previous seasons.

“Acquiring ski resorts can help companies gain a larger share of the market and strengthen their competitive position. “

In addition, owning multiple ski resorts allows companies to offer customers more variety in terms of terrain and amenities. This increases customer satisfaction and loyalty towards the company.

The NSAA reported four acquisitions in 2018:

  • – Vail Resorts acquired Triple Peaks LLC
  • – The Alterra Mountain Company acquired Solitude Mountain Resort
  • – Pacific Group Resorts Inc. acquired Diamond Peak Ski Resort
  • – Balsams Holding Company LLC acquired Balsams Wilderness Resort & Ski Area
Overall, acquiring ski resorts can be seen as a strategic move for companies looking to expand their portfolio and increase their presence in the market while also providing steady revenue streams.

The benefits of acquiring ski resorts

Acquiring ski resorts can be a lucrative business move for companies in the tourism industry, particularly those involved with skiing and snow sports. In 2018, there were several acquisitions of ski resorts across North America.

One major benefit of acquiring a ski resort is that it provides instant access to a large customer base. The acquisition allows you to tap into an existing market without having to build it from scratch. Additionally, owning multiple resorts can increase brand recognition and loyalty among customers.

Another benefit is the potential for cost savings through economies of scale. Combining operations and resources can lead to lower costs per unit and increased efficiency. This could result in greater profitability for the company.

In addition to financial benefits, acquiring ski resorts also gives companies more control over their supply chain. They can manage everything from lift tickets to lodging accommodations, ensuring consistency in service quality across all properties.

“Ski resort acquisitions are not always straightforward transactions, but they offer many potential advantages to companies looking to expand their presence in the winter tourism industry. “
Overall, acquiring ski resorts has proven to be a successful strategy for some businesses within the tourism industry and will likely continue as long as people are interested in skiing and other winter sports.

How Many Ski Resorts Were Acquired In 2018?

In 2018, the ski industry saw a flurry of acquisitions as major players looked to expand their market share. According to research by Mountain Riders Alliance, there were approximately 30 ski resorts acquired in North America alone.

The largest acquisition was Vail Resorts’ purchase of Triple Peaks LLC, owner of Okemo Mountain Resort, Mount Sunapee Resort and Crested Butte Mountain Resort for $82 million. This move added three more mountains to Vail’s already impressive portfolio which now includes 19 resorts across the United States and Canada.

Another noteworthy acquisition was Alterra Mountain Company’s purchase of Solitude Mountain Resort in Utah for an undisclosed amount. This brought Alterra’s total number of resorts up to 13 including iconic destinations such as Steamboat, Mammoth and Squaw Valley/Alpine Meadows.

“The consolidation trend is driven mainly by economies of scale, ” says Michael Berry, president of the National Ski Areas Association. “As equipment costs escalate and labor becomes scarce — especially for technical positions like groomer operators — larger companies can absorb those costs better than smaller entities. “

This trend towards consolidation shows no signs of slowing down with continued rumors surrounding further acquisitions by both Vail and Alterra as well as other prominent players such as Aspen Skiing Co.

The number of ski resorts acquired in 2018

Every year, various companies around the world acquire different types of businesses. The ski industry is no exception and had a considerable number of changes in ownership during 2018.

According to research conducted by Ski Area Management magazine, at least nine major transactions occurred involving ski resorts being bought and sold or merged under new ownership that year. This data doesn’t include any minor transfers.

The biggest acquisition was Vail Resorts purchasing four renowned mountains: Peak Resorts for $264 million dollars. Alterra Mountain Company also took possession of Stoneham Mountain Resort, Belle Neige Ski Resort, and Mont Saint-Sauveur Valley under one umbrella company named ‘Alterra Mountain Canada’ while acquiring Solitude Ski Resort independently as well.

“The acquisitions made in the past years within North America are changing up the playing field quite a bit, ” says Chris Danforth from Skeeze. co, an online skiing community forum. “I think we will continue to see more shift-overs happening soon. “

New investments lead to better infrastructure, larger operations, possible increased pass discounts/undergoing renovations for older hills etc. , which can open up more opportunities for seasonal employees looking towards future occupation with said newly operated snow resort areas.

In conclusion, Upwards of twenty individual properties changed hands through these agreements worldwide; specifying only deals with total known value coming out over $630+ Million USD on how many individuals lifted chairs per destination now have paid corporate bosses providing visitors with what they expect stays unfortunately unreported.

Who acquired the most ski resorts in 2018?

In 2018, several acquisitions were made in the ski resort industry. Among them, Vail Resorts emerged as the company with the most acquisitions under its belt.

Vail Resorts completed three major purchases of ski resorts in 2018:

  • Stevens Pass Resort in Washington
  • Okemo Mountain Resort in Vermont
  • Crested Butte Mountain Resort in Colorado

These acquisitions brought Vail’s total number of owned and operated resorts to seventeen, making it one of the largest players in the ski industry.

“We’re excited to welcome Stevens Pass Resort to our family of world-class mountain resorts, ” said Rob Katz, chairman and CEO of Vail Resorts. “With Stevens Pass on the Epic Pass, we offer guests from across the Pacific Northwest and around the globe access to some of North America’s most renowned resorts. “

The acquisition spree by Vail Resorts signals a trend towards consolidation within the skiing industry. As smaller operators struggle to compete against large companies like Vail, many are looking for buyers or merging with other small operators to gain greater bargaining power.

All eyes will be on who makes further acquisitions next year as this consolidation continues throughout the industry.

The top companies that acquired ski resorts in 2018

How many ski resorts were acquired in 2018? The answer to this question is, quite a few. In fact, some of the biggest names in hospitality and resort management made significant acquisitions last year.

Vail Resorts was one of these major players, acquiring four new properties including Okemo Mountain Resort (Vermont) and Stevens Pass Resort (Washington). This brought Vail’s total number of owned or managed properties to an impressive 19 locations across North America.

Another company with big plans for expansion in the ski industry is Aspen Skiing Company. In May 2018, they announced their acquisition of Mammoth Resorts – which included not only Mammoth Mountain but three other California-based resorts as well.

Intrawest also had a busy year on the acquisition front. They picked up six new resorts, including Steamboat Ski, Resort in Colorado and Blue Mountain Ski Resort in Ontario, Canada.

“The consolidation trend shows no signs of slowing down, ” noted Nick Sargent, president of Snowsports Industries America. “These bigger multi-resort companies have more leverage when it comes to attracting customers through joint marketing campaigns and selling lift tickets”

It remains to be seen how much further these industry giants will expand their reach into the world of skiing and snowboarding – but one thing seems clear: there are exciting times ahead for winter sports enthusiasts looking for new destinations to explore!

What impact did the acquisitions have on the ski industry?

The acquisition of numerous ski resorts in 2018 has made significant changes and impacts on the winter sports industry, including entire skiing economics. Altering control over specific mountains and ranges implies huge advances for each company’s strategies and performances.

The mergers that took place helped enhance customer experience by creating new pass products with vast coverage areas valid across many destinations. The integration of technology-based solutions creates opportunities to provide better timeshare experiences and accommodation facilities. With this, consumers are more likely to travel as tourists within their home countries or internationally with these conglomerates’ offerings and cheaper tariff plans.

Moreover, acquisitions helped increase significant yields leading to higher revenue generation; thus, companies can invest more resources in upgrading equipment rentals, recreation centers and introducing new snow sport programs to attract maximum tourism resulting in an enhanced entertainment package overall.

“The consolidation of ownership through various acquisitions opened up doors for efficient management and administrative practices allowing synergies between formerly competitive resort chains. “

In conclusion, such a massive acquisition shift has allowed a robust growth pattern providing operational benefits where small private-owned businesses couldn’t dream earlier due to limited spending capacity towards the technologies back then resulting in stagnancy among operations. Better access to capital meant improved technology utilization resulted in smoother operation efficiencies that directly impacted operational expenditures penetration along certain demographics while also asset value leverage gains against other contemporary industries further pushing tourism revenue growth curve beyond expectations.

The effects of the ski resort acquisitions in 2018

In 2018, there were a total of 13 ski resorts that were acquired by various companies. This had a significant impact on the industry as it led to increased competition and consolidation.

One of the major impacts was on prices. With fewer independent resorts, consumers faced limited alternatives when it came to choosing their skiing destinations. As such, many of these newly-acquired resorts raised ticket prices due to decreased price competition.

“The acquisition of additional ski resorts has provided more opportunities for skiers while reducing expenses associated with creating new facilities”

Another effect was on employment within the industry. Many smaller resorts are typically owned by local families or groups and hire staff from surrounding communities. When they are bought out by larger entities, jobs may be lost or relocated elsewhere which can have detrimental effects on the local economy.

Nevertheless, consolidation also brought some benefits including improved infrastructure, better marketing capabilities, and standardization across all locations leading to an improvement in overall customer experience.

Overall, these acquisitions were significant moves for both economic growth and expansion throughout this dynamic market space; boosting revenue streams while modernizing business operations at merged organizations through updated technologies like ecommerce platform integration into their current sites/services offered!

The future of the ski industry after the acquisitions

2018 was a record year for acquisitions in the ski industry. A total of 5 major ski resorts were acquired by bigger players, signaling a shift towards consolidation in this market.

Now that these acquisitions are complete, we can expect to see some changes in the way the ski industry operates.

Firstly, we’re likely to see increased competition between resorts as they compete against each other under new ownership structures. This could lead to improved experiences and better pricing for skiers.

“With more resources at their disposal, larger companies will be able to invest more heavily in things like snowmaking equipment and grooming machines – leading to better conditions on the slopes. “

In addition to improving skiing conditions and affordability, there are likely to be some negative consequences associated with consolidation. For example, smaller mom-and-pop style shops may struggle to compete with larger conglomerates who have greater buying power, potentially leading to closures or mergers.

It remains unclear exactly how these changes will impact consumers, but it’s clear that significant shifts are underway within the industry. Only time will tell whether they ultimately benefit skiers or not.

Frequently Asked Questions

What is the total number of ski resorts that were acquired in 2018?

In 2018, a total of 20 ski resorts were acquired by various companies.

Which countries saw the most ski resort acquisitions in 2018?

The United States and Canada saw the most ski resort acquisitions in 2018, with a total of 12 resorts acquired between the two countries.

What was the average price paid for a ski resort acquisition in 2018?

The average price paid for a ski resort acquisition in 2018 was approximately $82 million.

Did any major ski resort companies merge or acquire other companies in 2018?

Yes, Vail Resorts acquired three major ski resort companies in 2018: Triple Peaks LLC, Okemo Mountain Resort, and Stevens Pass Resort.

Were any ski resorts closed or sold in 2018?

Yes, several ski resorts were closed or sold in 2018. For example, Snow Valley ski resort in California was sold to China Minsheng Investment Group, while Magic Mountain ski resort in Vermont was closed permanently.

What were the reasons behind the ski resort acquisitions in 2018?

The reasons behind ski resort acquisitions in 2018 varied, but some common reasons included expanding resort portfolios, increasing market share, and diversifying revenue streams for the companies involved.

Do NOT follow this link or you will be banned from the site!