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Increased winter reservations and revenues at mountain ski resorts

Posted by JanL on October 23, 2014

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Dextimetrics, a Denver-based orginizaton, announced as of September 30, 2014, record breaking summer occupancy and revenue of nineteen mountain resorts in six western states is making way for increased bookings this winter from Novemeber through March of 7.4 percent compared to the same time last year. Revenue is also up 15.5 percent for the first five months of the 2014-2015 ski season. The Rocky Mountain resorts in Colorado, Utah and Wyoming are tracking 8.9 percent higher in occupancy with a 16.4 percent increase in overall revenues. The far west resorts in California, Nevada and Oregon are experiencing the opposite effect with occupancy down 6.5 percent and revenues down 7.7 percent.

The recent dramatic drop in the Dow Jones Industrial and other markets may be the start of a long overdue correction in an overvalued market. The 7.9 percent decline in the Consumer Confidence Index during September took the index below 90 points for the first time since June. On a positive note, the unemployment rate of 5.9 percent is the lowest level since April 2008. At this point skiers and riders are gearing up for another great season like last year.

 

Breckenridge Real Estate Agent Jan Leopold
By
Slifer, Smith & Frampton
Real Estate Agent
Breckenridge, Colorado