Ski and Snowboard Resorts in Canada Industry Market Research Report Now Available from IBISWorld

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Ski and snowboard resorts have benefited from rising incomes and increased international travel to Canada over the past five years. For these reasons, industry research firm IBISWorld has added a report on the ski and snowboard resorts industry to its growing industry report collection.

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Disposable income and the number of households earning $100,000 are expected to rise, which will entice regional and local guests to visit resorts more during peak season.

Rising disposable income and an increase in inbound international travel has benefited the Canadian Ski and Snowboard Resorts industry in the five years to 2014. The industry endured a dismal early half of the five-year period; however, revenue experienced strong growth in 2011, thanks to a rise in per capita disposable income and an increase in the number of households earning $100,000 or more. These increases provided consumers with more discretionary income, enabling them to spend more on recreational activities such as skiing and snowboarding. In the five years to 2014, industry revenue is expected to increase.

According to IBISWorld Industry Analyst Andrew Alvarez, “While regional and local guests comprise a substantial portion of industry revenue, operators rely heavily on international travellers to bolster profit margins, as they typically stay for longer periods of time and take advantage of a resort's full spectrum of amenities throughout their stay.” Though international travel has been mildly volatile over the five-year period, total inbound travel is expected to increase over the five-year period. This increase is expected to contribute to growing profit.

Over the five years to 2019, industry revenue is expected to continue growing slightly. Disposable income and the number of households earning $100,000 are expected to rise, which will entice regional and local guests to visit resorts more during peak season. However, says Alvarez, “A still-strong Canadian dollar, coupled with heightened competition in the global tourism industry, is expected to result in an overall decrease in the amount of inbound international travel over the period, siphoning would-be profitable international guests away from domestic operators.” Furthermore, the effects of global warming are expected to wreak havoc on certain industry establishments, creating anomalies in snowfall and potentially hurting revenue as a result. As a result, operators are expected to diversify their product offerings over the period and maximize revenue generated from regional and local consumers, while also investing in state-of-the-art snowmaking technology to maximize the length of the peak skiing season.

For more information, visit IBISWorld’s Ski and Snowboard Resorts in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry comprises establishments engaged in operating downhill, cross-country or similar skiing areas, or operating equipment, such as ski lifts and tows. These establishments often provide food and beverage services, equipment rental services and ski instruction services. Four-season resorts without accommodations are also included in this industry, but companies that own and do not operate ski resorts are excluded from the industry.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld
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