This winter was supposed to be the 12th edition of a ski and snowboard trip that I do every year with a group of friends from both Canada and the US. Last winter we were in Fernie, British Columbia and this winter we were planning to go to Europe. But for obvious reasons, the trip has been cancelled. It's going to be a tough season for the ski industry.

According to this recent FT article, the European Alps are home to more than a third of the world's 2,084 ski resorts. Typically, these resorts bring in about €28 billion in revenues over the course of a season, which is similarly about a third of the global total and almost 7% of the value of the European Union's overall tourism market.

But many/most resorts are closed right now. France has shuttered all ski resorts until at least January 7, 2021. And Switzerland, while "cautiously open," is apparently getting pressure from its neighbors to close down again as further quarantine restrictions are put in place.

Interestingly enough, some resorts are already reporting higher than normal early bookings for the 2021-2022 season. This is according to the same FT article. Instead of several hundred early bookings, which would be typical, they're reporting several thousand. And many of the bookings have moved upmarket compared to prior years.

What this starts to indicate is that we are likely to see an explosion in travel and leisure spending as soon as people feel safe and as soon as these restrictions are lifted. Demand is getting pent-up right now and that can mean only one thing: the 12th annual ski and snowboard trip needs to be a banger.

Charts: Financial Times

I am leaving this morning for my annual retreat to the mountains. This year we are going to Park City, Utah, which we decided to do about a year ago.

The reason we chose this particular place is because Vail Resorts spent $50 million over the offseason to merge Park City Mountain Resort with the neighboring Canyons Resort. 

There’s now a mountain-to-mountain gondola and 7,300 acres of skiable area across the two resorts, which makes it the largest ski resort in the United States. And that’s why, this month, the New York Times named it one of the 52 places you need to visit in 2016. 

But it’s not all puppy dogs and ice cream. What kickstarted this transformation was that the previous operator of Park City, Powdr Corporation, actually forgot to renew its sweetheart land lease.

So if you’re at all interested in skiing, snowboarding, real estate, and/or lawsuits, you might be interested in what happened here. Curbed did a summary of the battle last year. It was big news in the ski world.

Image via the New York Times

This winter was supposed to be the 12th edition of a ski and snowboard trip that I do every year with a group of friends from both Canada and the US. Last winter we were in Fernie, British Columbia and this winter we were planning to go to Europe. But for obvious reasons, the trip has been cancelled. It's going to be a tough season for the ski industry.

According to this recent FT article, the European Alps are home to more than a third of the world's 2,084 ski resorts. Typically, these resorts bring in about €28 billion in revenues over the course of a season, which is similarly about a third of the global total and almost 7% of the value of the European Union's overall tourism market.

But many/most resorts are closed right now. France has shuttered all ski resorts until at least January 7, 2021. And Switzerland, while "cautiously open," is apparently getting pressure from its neighbors to close down again as further quarantine restrictions are put in place.

Interestingly enough, some resorts are already reporting higher than normal early bookings for the 2021-2022 season. This is according to the same FT article. Instead of several hundred early bookings, which would be typical, they're reporting several thousand. And many of the bookings have moved upmarket compared to prior years.

What this starts to indicate is that we are likely to see an explosion in travel and leisure spending as soon as people feel safe and as soon as these restrictions are lifted. Demand is getting pent-up right now and that can mean only one thing: the 12th annual ski and snowboard trip needs to be a banger.

Charts: Financial Times

I am leaving this morning for my annual retreat to the mountains. This year we are going to Park City, Utah, which we decided to do about a year ago.

The reason we chose this particular place is because Vail Resorts spent $50 million over the offseason to merge Park City Mountain Resort with the neighboring Canyons Resort. 

There’s now a mountain-to-mountain gondola and 7,300 acres of skiable area across the two resorts, which makes it the largest ski resort in the United States. And that’s why, this month, the New York Times named it one of the 52 places you need to visit in 2016. 

But it’s not all puppy dogs and ice cream. What kickstarted this transformation was that the previous operator of Park City, Powdr Corporation, actually forgot to renew its sweetheart land lease.

So if you’re at all interested in skiing, snowboarding, real estate, and/or lawsuits, you might be interested in what happened here. Curbed did a summary of the battle last year. It was big news in the ski world.

Image via the New York Times