or Connect
New Posts  All Forums:Forum Nav:

Ski industry nosedive?

post #1 of 26
Thread Starter 
As a sales person in the industry, we just got told today to expect the effects of this attrocity to last from 6-8 months at least. this carries well through the ski season. It could crush some of us "little guys" that were not doing that well with bookings already. in fact if Utah wasnt propped up by February's big impact you would see a lot of us close me thinks.
Do you, fellow avid skiers, feel this event & the ripples from it (stock market, airlines going under, etc), wll impact your plans to ski this season? how about your less devoted friends & family?
post #2 of 26

Tonight is Jewish New Year. Living in a fairly orthododx town, I saw many people going to synagogue. When I saw one of my students, I asked her if she felt she was taking any chances. After all, Newton, where some of the terrorists were hiding out, is the next town over. She said, "If I don't go, they've won".

That's how I feel about skiing.
post #3 of 26
We are beginning to wonder if we are going to make it to Canada for our ski holiday. On top of the recent New York happenings, Air New Zealand who we are booked to travel over with in February are in financial strife. We are travelling on frequent flyer miles, so if they get taken over they may not be honoured. Canada 3000 have some cheap flights to Vancouver, but just takes a while to get there, lots of stops.

I agree with Lisamarie that we have to carry on as normal to show we are not intimidated. So if we can get travel insurance, and our airline keeps flying, they won't keep us away.

mrs twoKiwis
post #4 of 26
LM is right of course that we have to continue on as a show of strength.

It will be interesting to see how the air travel situation plays out in terms of ski industry bookings. Has anyone who works in that sector of the industry noticed a lot of cancellations? I can see people on edge deciding to drive to a resort instead of flying (where that is a possibility) but will the American people stay home instead of flying anywhere? The tourism and travel industries as a whole would suffer if this is the case.

Skiing is a luxury expense, and with the current downturn in the US economy will that not be a factor as well?

I for one still plan on taking my planned trips.
post #5 of 26
Damn if I don't ski. I thought for about a second about hitting the road on my bike then said no way will I let this stop me. Same for skiing. It is such an expresion of freedom...in that it represents a playful side to life, keeps me from becoming one with my cube, it keeps me young...as it also is a sense of freedom in movement and motion. Multifaceted in its meaning. Maybe more selfish than aything. But, no way am I going to let it stop me.
post #6 of 26
No! My travel plans will will not be affected but only because I drive to all of my destinations. If gas goes to $8 a few Vermont trips may be out but so far that's not the case.

Long ago, I made the decision to ski often in the east versus skiing at the big western resorts on one or two big $ vacations.
post #7 of 26
I wonder if people may look closer, as in driving distance for ski vacations. That could help us here in Mammoth, where skier visits peaked in the 80's. There are tons of second homeowner that visit maybe twice a year, perhaps they will come here, instead of CO, BC, or Utah for thier big ski trips.
post #8 of 26
Bring on the deals. Tough times means better ski packages, less crowded slopes. Hey, there's always a silver lining.
post #9 of 26
Yes my plans will get impacted, but not by the actions of some bunch of head cases from the outer fringe. The problem is that this is reverberating through our economy like the winter flu in grade school. I intend to do my part to be involved in what has become my favorite pasttime, but common sense dictates that I will have to roll with the punches as this event helps unwind our fragile economic status.
post #10 of 26
About half the pundits I've heard are predicting the next crash, the rest say the economy is still sound and we'll weather this out. Anecdotally, the people I've talked with are also about 50/50 on cancelling trips or keeping their plans intact. Interesting afternoon on Minn. Public Radio; session on exactly this topic. General conclusion: the cost of flying is going to go up, and a lot of people are just going to sit on the sidelines for awhile and kinda see where this goes. Which together, to me, means it's going to be a dismal year for the ski industry and the tourism industry in general. I'm looking to get more time at Copper rather than less, but if airfares get too high, that may have to change. Likewise with the Bear's trip in Feb. If prices start climbing, it may mean the end of my trip.
post #11 of 26
Cost of flying going up? The planes are going out with empty seats. That means there will be sales. Sure, a full fare coach ticket typically purchased by business travellers will be going up but I don't know anybody doing a vacation trip who'd pay full fare.

I don't plan to ski any less this year. I've already booked a December Whistler trip. I'll probably do another trip deeper into the winter. I'm now waiting for the discounts I'm expecting to happen in the next 30 days because of the WTC and slowing economy. I'm still trying to decide on destination. SLC is attractive because of the good non-stop Boston flights that let you ski 'til 2:00 and still easily catch the flight home even with security delays at the airport.
post #12 of 26
Tag, maybe by then...they'll come down a bit...??(wishful thinking...)
post #13 of 26
we're planning a full season; my family is sticking mostly with Alta but we'll get some discounted locals coupons for Park City...no place this year that kids don't ski free.. Were all pretty nervous about the olympics here in SLC, especially if{when} things escalate; but , hell; were here and will certainly stay. SLC isn't NY and is easier to defend.. I've been meaning to go out and buy some gasmasks, as we're close to the stadium & the medals plaza, but I can't seem to get around to it. Anyway the safest places to be this winter will be on airplanes and mountaintops... Whistler's certainly looking good.
post #14 of 26
Geo, the airlines have already announced 20 - 25% cuts in their schedules to address the empty seats and large number of layoff's to cut costs. I wouldn't be surprised by some airfare sales in a few months in a effort to woo customers back, but I think that'll depend on what Congress does in terms of a bailout. Airfare from MSP to Denver went from $212 two weeks ago to $263.50 today, although I could get @ $180 if I want to fly to Cincinatti on my way to Denver.
post #15 of 26
Here in Australia, the economic impact of the US catastrophe is exacerbated by a falling currency and the demise of one of our two domestic airlines. (Which was owned by Mr and Mrs twokiwis carrier but we won't get into that!)

The likely effect is that our airfares and tital costs are likely to increase but like many others we consider that this is a means by which we, in our small way, can reject teroorism of any descripption and demonstrate that it has all been in vain.

We therefore expect to be in Canada (W/B and Silver Star) next January/February unless the wheels really fall off the local economy. Unfortunately can't link up with the Fernie gathering.
post #16 of 26
Here in Australia, the economic impact of the US catastrophe is exacerbated by a falling currency and the demise of one of our two domestic airlines. (Which was owned by Mr and Mrs twokiwis carrier but we won't get into that!)

The likely effect is that our airfares and tital costs are likely to increase but like many others we consider that this is a means by which we, in our small way, can reject teroorism of any descripption and demonstrate that it has all been in vain.

We therefore expect to be in Canada (W/B and Silver Star) next January/February unless the wheels really fall off the local economy. Unfortunately can't link up with the Fernie gathering.
post #17 of 26
Wall street is seeing a nosedive in the industry. Vail Resorts hit a all time low on 09/20. Closing at 13.38. K2's stock is not holding up well either.
post #18 of 26
Of course, if the economy gets really bad and people start losing their jobs, nobody will be able to afford to ski.
post #19 of 26
I'm not at all worried about flying, and in fact, I'm off to San Fran next Sat for 2 weeks of vacation. Of course I'll check out my fellow passengers before boarding the plane...

My and many people's problem is money. My stocks r waaay down. Hell, I'm on the Kavorkian retirement plan at this point!! LOL. This doesn't effect my skiing since i have already have passes and live in Denver but it does effect my ski equipment purchases. Had planned to buy 2 pair but then when Breeze offered their rental pass this year I got it and planned to buy 1 pair. That's still my *hope* but I may have to go with all rentals this year. I expect many people will hold off buying this year so the manufacturers and retailers may get hit hard :-(.

Also I know the CO resorts have had a few rough years--especially Aspen (all the nouveu riche are now neuvoux poor which is why they are reaching out to us peons this year...lol) and even vail had a real slow summer (off 20 percent). Vail is saying they don't expect the bombing to effect their ski season b/c most people drive to the resort but I'm afraid this misses the point.

IT's the economy stupid is the point and I'm afraid people don't have the money they used to and don't want to spend what they do have. There was talk about a patriotic rally on Wall st but that sure didn't happen and I'm afraid for every person determined to show the terriorests by travelling, there are many more hunkering down in front of the TV for the winter. And I don't even want to think about the consequences of a dry season........

But to end on a happy note (before we all Call Dr. Jack : I think the stock market is waaaay oversold and I know there's a lot of money on the sideline so we could see a big rally in the next few months and we're certainly due for a cold, snowy winter here in the Rockies. Combine those 2 factors and we could have a banner year for all!!!
post #20 of 26
Trey your right. What we need is SNOW early and often.
post #21 of 26
My wife told me this morning that she had heard that the average occupancy at major resorts like D World and Vegas is about 15% right now!! That means there are bargains in our future--if we have the $ to pay for them. We plan to ski for the holidays this year; have a condo and flights picked out, but I am a little concerned about plunking down a 50% deposit on a condo if it is not clear that my airline, or at least my flights, will be there in December. I think (but who knows) that airline security will be improved by then.
post #22 of 26
Email me when you get in to SF if you can. or before you leave. If you are going to be in SF for a few weeks maybe we can meet for dinner or drinks. I'm in SF..
post #23 of 26
Hi folks,
I'm not too concerned about the Americans continueing to ski in America but I wonder if this will affect the amount of travel across borders. With as much trouble as the government has made about flying between nations. Will Fernie still be a viable option this year or so much hassel that it's just not worth it getting through all the cops? Will the airlines get back to flying scheduals or cut down to nothing? There is a lot of unknowns right now that make predictions difficult.
post #24 of 26
No changes for me - I'm lucky.

But I'll add that people in the Vail Valley are nervous. Plans for spec. homes have been put off until next year and there's lots of inventory. If anyone is looking to buy, now is a great time.

It's the combination of people waiting to "see what happens" and the trillions of losses from the stock market.

So Real Estate sales are REAL slow, which affects construction, which has a HUGE affect on the Vail Valley in general.

If it keeps up, my prediction is consolidation. In Colorado, smaller areas won't close, they'll get bought.
post #25 of 26
Pardon me for a non-skiing post. But trey gave me an opportunity to discuss one of my loves.

I think there's some TERRIFIC deals out there on the market. Microsoft is at $49, MCIWorldcom is 14, Intel is 19. All great buys even if they drop lower.

But investors in a bear market need to be VERY careful - seek out advice from someone who's intimately knowledgable about the stock or industry you're thinking of. Do not listen to analysts or those in chat rooms.

There's trillions of dollars sitting on the sidelines waiting for the bottom. So providing we're making progress with the war, I think we'll see a rally. But things are going to be slow for a while. I think it'll be most of 2002 before we see any kind momentum.

It's all tied to what happens with the war. If governments come together and the war is being won, we'll see brighter days. If not, all bets are off - hang on to your hat.

Arc 'em or park 'em<FONT size="1">

[This message has been edited by SCSA (edited September 22, 2001).]</FONT>
post #26 of 26
The local 'top' economists here are predicting a 'best case' scenario of recovery in spring 2002. More likely, according to 'them' is a rebound next summer and into the fall. The real estate market in CO was already slowing down. After some remarkable sales successes, Copper didn't manage to sell out either of it's last two offerrings. Could be a very tough year for the tourism trade in general.

"You understand, we are tied down to a language that makes up in obscurity what it lacks in style."
- Tom Stoppard
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General Skiing Discussion