Condor Capital Management’s 2014/15 Ski Season Wrap-Up: Disappointing Weather Triggers a Nationwide Plunge in Skier Visits
MARTINSVILLE, N.J., June 08, 2015 (GLOBE NEWSWIRE) — Despite favorable economic figures and low gas prices lining the pockets of most consumers, Mother Nature proved to be an insurmountable foe during a dismal 2014/15 ski season according to Ken Schapiro of Condor Capital Management. Snowfall totals plummeted across the country, ending the season 28% below the nation’s historical average. Correspondingly, skier visits were also weak, particularly on the Pacific Coast, where a drought continued to plague southern California and unseasonably warm temperatures turned any possible snow to rain further up the coastline. Accordingly, recent figures released by The National Ski Areas Association (NSAA) indicate that skier days also suffered, finishing the season below our estimates at 53.6 million, a 5% drop relative to last season.