City Holding-Mountain and Ski Resorts Market Report 2024-2028 & 2033 Featuring Major Players, Alterra Mountain Co, Vail Resorts, Mammoth Mountain, Park City Mountain Resort, and Snowbird Ski Resort

Market Overview - The mountain and ski resorts market size grew from $13.24 billion in 2023 to$ 14.74 billion in 2024 at a CAGR of 11.3% [2] - The market is expected to grow to $22.71 billion by 2028 at a CAGR of 11.4% [3] - Asia-Pacific is projected to be the fastest-growing region in the forecast period [4] Growth Drivers - Rising disposable income, advancements in transportation infrastructure, and growing popularity of winter sports contributed to historic growth [2] - Adaptation to climate change, increasing health and wellness trends, and rising foreign tourism are expected to drive future growth [3] - The growing popularity of winter sports, supported by advancements in equipment and better access to ski resorts, is a key driver [5] Industry Trends - Adoption of artificial intelligence, growth of adventure tourism, and virtual reality experiences are key trends [3] - Major companies are focusing on developing innovative AI-integrated features to enhance guest services and improve safety measures [7][8] - Vail Resorts introduced My Epic Assistant, an AI-powered feature offering real-time information and personalized recommendations [9] Market Segmentation - The market is segmented by services, age group, consumer orientation, booking channel, and tourist type [14] - Services include skiing, trekking, rides, sledding, snowmobiling, and other activities [15] - Age groups range from below 15 years to above 55 years [15] - Booking channels include online and in-person booking [15] - Tourist types include domestic and international visitors [15] Competitive Landscape - Major companies in the market include Vail Resorts, Alterra Mountain Company, Mammoth Mountain, and Whistler Blackcomb [12] - Vail Resorts acquired Crans-Montana Mountain Resort for$ 0.12 billion to expand its presence in the European ski market [10] Regional Analysis - The market covers countries such as Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, and Spain [4] - The global market is analyzed by region and country, with forecasts provided for 2018-2023, 2023-2028, and 2033 [15][16]