Condor Capital Management’s 2015/16 Ski Season Outlook: A Breath of Fresh Air as Resorts Open Ahead of Schedule
MARTINSVILLE, N.J., Nov. 24, 2015 (GLOBE NEWSWIRE) — With the winter season slowly approaching, many skiers are preparing to hit the slopes in full force. A look back at the 2014/15 season reveals that skier visits dropped by 5%, from about 55.7 million to 53.6 million, according to the National Ski Areas Association (NSAA). On a region by region basis, skier visits slipped slightly in the Northeast and Rocky Mountain regions, while plummeting in the Pacific Southwest, Midwest, and the Pacific Northwest due to weather conditions. On a brighter note, Vail Resorts, a major owner and operator of resorts in Colorado, Utah, and California, as well as Whistler Blackcomb, the largest ski resort in North America, saw revenue per total visit increase despite lower skier visits due to intense marketing initiatives. With winter weather around the corner and Mother Nature already beginning to comply, Ken Schapiro of Condor Capital Management sees some of last year’s trends reversing and is optimistic for a strong season ahead.
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