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The article fails to even mention the IKON pass effect, which (along with Epic Pass) has massively boosted ski-town demand specifically, on top of the Covid phe
by listenallyall 3y ago
The article fails to even mention the IKON pass effect, which (along with Epic Pass) has massively boosted ski-town demand specifically, on top of the Covid phenomenon that increased desirability of all kinds of resort and recreational areas.
By offering unlimited skiing at Steamboat and dozens of additional resorts, IKON (and Epic) has increased frequency of ski trips which in turn increases demand for lodging, which benefits Alterra and Vail because they own the most desirable real estate assets.
The pricing-out of average people from ski towns was slowly happening for decades, but it accelerated greatly in the past few years.