As per newly released data by Future Market Insights (FMI), the mountain and ski resorts market is estimated at USD 15.8 billion in 2023 and is projected to reach USD 50.4 billion by 2033, at a CAGR of 12.3% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Mountain and Ski Resorts Market CAGR (2023 to 2033) | 12.3% |
| Mountain and Ski Resorts Market Size (2023) | USD 15.8 billion |
| Mountain and Ski Resorts Market Size (2033) | USD 50.4 billion |
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The awareness of health and fitness is rising rapidly among the people. Nowadays people are becoming more health conscious due to increasing problems of stress issues, diabetes, heart disease, and other mental and physical health issues.
Hence people plan to opt for adventurous activities in the natural environment, and skiing, trekking, and riding are some of the sports activities that attract a huge audience. The economical services and affordability are also effective factors that are attracting travelers to the resorts.
Also, the trends of mountain trekking, snow sports activities, snow sports training from certified and expert trainers, and various other activities are attracting travelers to the mountain and ski resorts.
The selection of mountain and ski resorts is based on several factors such as climate, availability of resources, the convenience of travel, ecological sustainability, conservation efforts, environmental training programs, and reliance on the environment.
To meet the requirements, hotels have implemented many technology advancements, including automated energy control, water treatment plants, waste management systems, green supply chains, and solar panel systems for electricity. The hotels train their staff members on customer handling, increasing the use of devices for management and communication, etc.
Additionally, mountain and ski resorts host programs to train freshers on mountaineering, skiing, escalation, ice climbing, and other activities and raise awareness of environmental sustainability among visitors to their mountain and ski resorts. Such precautions and safety measures from resorts attract travelers to visit the place.
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Mountains and Ski resorts are mostly located away from the city on mountains and hilltops nearby to a village. Therefore, the resorts get an opportunity to expand their business verticals along with their business activities of snow sports and mountain sports. Various resorts have added new sports such as treasure hunts, horse riding, organizing cultural events, spa and yoga centers, various tours and trying to provide a luxurious feel and comfort to their tourists.
This helps travelers the most as they get to select various other activities for their fun and also help the village citizens as the development and expansion of resorts create new job opportunities for them. Also, it helps to diversify the business. The activities result in the business's development and the environment's development. Such ethical practices attract travelers to visit mountains and ski resorts.
Mountain and Ski resorts are underneath the mountains to help tourists enjoy snow sports and activities. The ski resorts which are operational during summertime are called mountain resorts.
Mainly these resorts are located far away from the city nearby to the villages and hence the tourists enjoy the mountain and ski resort calmly and peacefully in the refreshing environment. The resorts offer a luxurious experience apart from activities like skating, skiing, sledding, snowmobiling, and trekking.
The resorts are designed with the guidelines of eco-tourism and sustainability for the preservation and safety of the environment. Many resorts are eco-certified and take various initiatives to provide the best quality services to its tourists without harming the nearby environment. The mountains and ski resorts are economical and the services provided by resorts are pocket friendly.
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| Countries | Market Share (2022) |
|---|---|
| United States | 5% |
| Germany | 3.9% |
| Japan | 4% |
| Australia | 5.5% |
India is expected to have a CAGR of 4.5% by 2033. Every year millions of travelers visit India to study, explore and discover the unique culture of India. India is the leading market for travel and tourism. Therefore, the government of India is taking various efforts to build the best infrastructure such as roads and connectivity, upgrade trains, and various services.
The Himalayan region is full of snow mountains and people travel from various places to discover the Himalayas and the area of Kashmir. It is one of the most famous tourist destinations in India.
There are various mountain and ski resorts located in this place. The government recently inaugurated Atal Tunnel in 2020 for smooth connectivity between Himalayan ranges other than this, the government launched Vande Bharat Express in 2019 for a better traveling experience between Delhi and Katra.
The infrastructural development and trends of this snow place attract tourism around the world resulting in great opportunities for mountain and ski resorts in India.
The Winter Olympic games in Beijing have boosted the ski trend in China. There has also been a commendable growth in ski resorts in China over a decade. The Chongli district in China has transformed into a winter paradise.
The craze for the Olympics and the rising promotions from ski board companies has a greater impact on the youths of China. Apart from this, the China ski resorts offer various tours and services along with offers to domestic as well as international tourists. The ski resorts have also partnered with various known brands and have also been promoted highly on social media. Therefore, with the rise in trends, there is a rise in demand for mountain and ski resorts in China.
According to the analysis, in terms of tour type, the mountain and ski resorts are mostly preferred by all kinds of travelers be it an individual traveler, group traveler, or family tour.
The ambiance of the resorts, the activities, the additional features such as the height of the mountain, the calm and refreshing environment, the ideology towards rural development, and the initiatives towards ecological development attracts all types of travelers to the mountain and ski resorts.
In terms of age group, the number of tourists in the age group of 15-25 years and 26 to 35 years is expected to rise. Since the demographic is young and has an ability to perform snow and mountain sports activities.
Furthermore, the age group is attracted to the recent trends of hiking, skiing, and snow sports, and social media play a vital role in creating a significant impact on youths, especially the millennials. Hence youths are expected to contribute mainly to the mountain and ski resorts sector.
In terms of booking channels, the online booking channel is more preferred than in-person booking. This segment dominated the market with 56% share in 2022. With the advancement in technology, the resorts are leveraging online platforms by offering attractive deals and innovative advertisements.
The traveler in the modern era is tech-savvy and always likes to plan a trip in advance. The attractive offers and feasibility attract travelers to book mountain and ski resorts online. Thus, due to ease of accessibility from any part of the world, online booking is more preferred by tourists.
Key Players in the Mountain and Ski Resorts Focus on Clever Marketing Techniques
Leading players operating globally in the market are focusing on expansion of new verticals to expand their business and create innovative systems to measure their environmental impact.
For instance:
The mountain and skii resorts market is worth USD 15.8 billion in 2023.
The mountain and skii resorts market size is expected to reach USD 50.4 billion by 2033.
The mountain and skii resorts market is rising at a 12.3% CAGR through 2033.
India’s mountain and skii resorts market is projected to rise at a 4.5% CAGR through 2033.
Germany is anticipated to rise at a 3.9% CAGR in the mountain and skii resorts market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Services Types 5.1. Skiing 5.2. Trekking 5.3. Rides 5.4. Sledding 5.5. Snowmobiling 5.6. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Booking Channel 6.1. Online Booking 6.2. In Person Booking 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tourist Type 7.1. Domestic 7.2. International 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tour Type 8.1. Independent Traveler 8.2. Group Trip 8.3. Family trip 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Consumer Orientation 9.1. Men 9.2. Women 9.3. Children 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Age Group 10.1. 15-25 Years 10.2. 26-35 Years 10.3. 36-45 Years 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. South Asia and Pacific 11.6. East Asia 11.7. Middle East and Africa 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 19. Key Countries Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Whistler Blackcomb 21.2. The Khyber Himalayan Resort and Spa 21.3. Hotel Highlands Park 21.4. Solang Valley Resort 21.5. The Vintage Gulmarg 21.6. Himalayan Castle Resort 21.7. Negi’s Hotel Mayflower 21.8. Manuallaya Resort 21.9. Fagu Ski Resort 21.10. Tochal Ski Resort 21.11. Chamonix 21.12. Breckenridge 21.13. Telluride Ski Resort 21.14. Valle Nevado 21.15. Arapahoe Basin Ski Resort 21.16. Snowbird 21.17. Jackson Whole Mountain resort 21.18. Hakuba Ski Resort 22. Assumptions & Acronyms Used 23. Research Methodology
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Mountain and Ski Resorts Market
