Steez magazine predicted you would need another $280,000 annually to invest in equipment, maintain and run the resort (source). In 2015 a tiny ski resort – Soldier Mountain Ski Area in Fairfield, Idaho was put on the market for $149,000 which came with 2 working lifts, 2 pickup trucks, snowmobiles, a weather station, and some outbuildings. Occasionally a smaller resort may be put on the market for less money. Many millions or billions for the largest resorts. This means the long-term success of a resort relies on heavy investment and keeping up sustainable visitor numbers in a sector that has not seen much growth. The industry as a whole is relying more and more on snowmaking machines as annual snowfall is decreasing due to climate change. While many medium-sized resorts are being taken over by larger conglomerates with more cash behind them, some smaller resorts have been forced to close or turn into community-led non-profits to stay open. Many ski resorts do offer summer activities like mountain biking to supplement their income and turn a profit. On top of the cost of building and operating lift and all the logistics around organizing the ski season, the number of days to collect revenue from skiing is typically less than 6 months per year. Further reading.įor example, the Spruce Creek Triple chairlift in Maine built-in 2017 cost $2.1 million ( source). And millions to maintain it, pay staff to run it, and power any snowmaking machines you may have. First, you have to buy or lease the land and then you have to invest millions to build the ski lifts. How much does it cost to run a Ski Resort? Despite room for growth, the ski industry has experienced a downward trend in interest over the last decade. The ski and snowboard resort industry hit a peak in 2019 at 3.46 billion dollars in market size, as measured by revenue. With over 100 million skiers participating each year, the ski industry is unsurprisingly worth billions of dollars.
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