So back to the base and the extra season(s).
On another thread we heard Vail say they were done with winter expansions for the time being to focus on summer. Resorts are selling MTB season passes - are biker days worse than skier days? Is a mountain resort a viable summer vacation vs. the beach when there is a river, summer festivals, a gondola to mid-mountain to access hiking and a host of other activities?
We assume skiing will be the end of ski resorts. Which is only true if you believe that the winter infrastructure is only useful for winter and that you cannot profitably grow return on assets by monetizing other seasons.
You are right that resorts truly turning into 4 season places may make things less cataclysmic.
But what I was referring to is the expansion related to skiing. It seems everyone is talking about cutting new trails and putting in lifts.
Resorts may be making inroads to getting to a point where summer may actually be a moneymaker (instead of minimizing the offseason losses), but resorts beds remain mostly empty in the summer- they aren't building those new condos because that next trampoline they open up at the base is going to sell out all of their existing rooms for the whole summer. The money is being sunk chasing skiers.
Anyways, this obviously isn't the thread to whine about this again, so I'll stop my usual diatribe.