Ski Diva’s Guide to Skiing the Solar System, Revisited.
Stop the presses! A couple weeks ago, Freeskier.com dropped this bombshell on the skiing...
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Tag: Vail
The Consolidation Conundrum: What does it mean for skiers?
Yep, it’s happening again: Vail is buying more ski resorts. Last week they acquired Okemo in...
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Is Consolidation Good or Bad for the Ski Industry?
In recent weeks, the ski world has been rocked by a number of acquisitions: Vail bought Stowe, and then Aspen and KSL Capital Partners formed a partnership that led to the purchase of Intrawest resorts, followed by Mammoth, June, Bear, and Snow Summit. Consolidations are nothing new, though they seem to be getting more and more common. Let’s take a look at the biggest, so you understand who owns what (keep in mind, though, that things could change any moment):
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Is Vail taking over the ski world? And is this a good thing?
Last week the ski world reverberated with the news that Vail was entering into an agreement to buy Whistler Backcomb, arguably the crown jewel of Canadian ski resorts, and one of the best and largest in the world. This is anything but small potatoes. Vail is spending $1.1 billion for the acquisition, or $1.4 billion Canadian.
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Getting to the top.
People get incredibly attached to lifts. Here in Vermont, it’s not unusual to see a house with an old lift chair or gondola cabin in the yard. And then there’s the historic single chair at Mad River Glen, which has a mystique all its own (see the image above). When the mountain refurbished its lift in 2007, the old chairs were auctioned off to raise funds, with a minimum starting bid of $1,000. They sold.
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