Condor Capital Management’s 2017/18 Ski Season Wrap-Up: Divergent Weather Leaves a Mixed Picture as Resorts Continue to be Scooped Up

MARTINSVILLE, N.J., – (ACCESSWIRE) – As the warm summer air drifts across much of the United States, many skiers and snowboarders are beginning to cross their fingers for a rebound from a somewhat disappointing 2017/18 ski season. Despite a relatively strong start and finish for ski resorts overall, with visitation up more than 52% in October and November and an increase of 18% in March, historically dry seasons for states such as Colorado and Utah lagged on the ski industry as a whole, according to Ken Schapiro of Condor Capital Management. Although the overall number of skier visits was on par with the 40-year average, National Ski Areas Association (NSAA) data shows that this past season generated the lowest amount of skier visits in seven seasons, with nationwide skier and snowboarder visits falling to 53.3 million, a 2.8% decrease from the 54.8 million visits during the 2016/17 season.

Condor Capital Wealth Management’s 2017/18 Mid-Season Ski Industry Update: Battle of the Passes – Epic vs. Ikon

MARTINSVILLE, N.J., – (PR NEWSWIRE) – With January now in the rearview, skiers and snowboarders across the country remain optimistic for a rebound from the notable absence of snowfall that has plagued the first half of the 2017/18 ski season. However, even though weather has not exactly cooperated with skiers this season, recent news surrounding Vail Resorts (Vail) and its newly named competitor Alterra Mountain Co. (Alterra) should leave individuals pleased with the consumer-focused direction of the overall ski industry, according to Ken Schapiro of Condor Capital Management.

Condor Capital Wealth Management’s 2017/18 Ski Season Outlook: A Slow Winter Start Overshadowed by Continued Ski Resort Consolidation

MARTINSVILLE, N.J., – (PR NEWSWIRE) – As the cold air begins to set in, skiers across the country grow anxious for a 2017/18 ski season filled with not only bountiful slopes, but new experiences. The prior year’s winter weather, while quite delayed, proved to be beneficial for resorts across the United States, resulting in an average resort snowfall increase of Continue reading “Condor Capital Management’s 2017/18 Ski Season Outlook” →

Condor Capital Wealth Management’s 2016/17 Ski Season Wrap-Up: Ski Resorts Gear Up for a Multi-Pass Showdown

MARTINSVILLE, N.J., – (PR NEWSWIRE) – Although there are still some slopes to be conquered, many skiers and snowboarders can agree that the 2016/17 season turned out to be quite a success. According to Ken Schapiro of Condor Capital Wealth Management, resorts across the United States were able to benefit from a flurry of winter storms that arrived just in time for the holidays, translating to 30% and 4% increases of total skier visits from last season for the months of December and March, respectively. Overall, average resort snowfall increased 36% from last season. Accordingly, recent figures by the National Ski Areas Association (NSAA) showed that nationwide skier and snowboarder visits rose to 54.7 million, a 1.5% increase from 53.9 million during the 2015/16 season.

Condor Capital Wealth Management’s 2016/2017 Mid-Season Ski Industry Update: A Strong Rebound in Weather Leaves Many Resorts Thankful

MARTINSVILLE, N.J. – (ACCESSWIRE) – March 13, 2017 – So far, most skiers and snowboarders can agree that the 2016/17 season has shaped up to be much better than last. Despite an unseasonably warm start to the season, many regions such as the Pacific Northwest have since experienced significant snow accumulation, bringing forth a solid number of visitors to the country’s major resorts. However, much like last season, the weather story has not been consistent across both coasts, which has many skiers on the East Coast wishing for next season already. Even so, healthy performance across the majority of resorts in the United States points to a strong finish for the ski industry, according to Ken Schapiro of Condor Capital Wealth Management.

Condor Capital Wealth Management’s 2016/17 Ski Season Outlook: Early Snowfall On Both Coasts & an Improving Economy, a Positive Omen for Visits?

MARTINSVILLE, NJ / ACCESSWIRE / December 19, 2016 / With high hopes for a snowy winter season from skiers across our country, many signs are indeed pointing to a solid upcoming 2016/17 ski season. A quick look back at the 2015/16 season shows that skier and snowboarder visits increased slightly to 53.9 million, up from 53.6 million the year before, according to the National Ski Areas Association (NSAA). While this appears to be only a small increase at the margin, the devil is in the details. Snowboarder visits have been declining steadily in recent years, while skier visits have been buoying this annual figure from the NSAA. Between the two, the snowboarding industry has been challenged even more by unfavorable weather patterns, in addition to a drop in participants & sponsors. With respect to geography, a closer observation reveals that last season really was a tale of two halves, as the western half that encompasses the Rocky Mountain, Pacific Southwest, and Pacific Northwest regions all saw an increase year-over-year, while the eastern half of the country suffered due to disappointing winter weather. Of particular note was the Pacific Northwest region’s 142% increase from the prior season, which was marred by a severe drought. With early snowfall on both coasts already this year though, Ken Schapiro of Condor Capital Wealth Management sees some of last year’s trends reversing and is hopeful for a strong 2016/17 ski season.