Two US Giant Ski Resort Groups Promise Combined 1/3 Billion Dollar Off-Season Spend
The two giant US ski resort owners have each promised to spend huge amounts on upgrades totalling between $356 and $361 million dollars at their respective collections of ski resorts this summer, ahead of the 2019-20 ski season. The two, which between them now run 34 Canadian, US (and in Vail’s case Australian) resorts including many of the continent’s leading ski areas, have committed remarkably similar totals ahead of next winter. Vail Resorts have committed “$175 Million to $180 Million in capital investments to reimagine the guest experience,” whilst the Alterra Group say they’ll spend $181 million (coincidentally $1 million more than Vail, announced a few months after Vail announced their spending plans) this summer, as part of a $555
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