skiing costs.

https://www.cnbc.com/2019/03/20/climate-change-is-taking-a-toll-on-the-20-billion-ski-industry.html

I have concluded from my reasearch that climate change plays a big part on the economics of skiing.  the better the climate the longer the season you can have.  Since we have been experiencing global climate change is has efeced many of the ski resorts.  they have adapted to the climate change by using technology such as snow machines to help extend the dates on their winter season.  Some resorts rely on snow making to keep their buisness running.  The cost to operate a ski hill is very expensive with lift tickets costing 190 per day in vail, colorado

Snow sport seasons are getting shorter, due to warmer temperatures. That is already having a distinguishable financial impact on residential and resort properties that profit from snow.

Vail Resorts, the largest player in the U.S. ski field, reported better-than-expected quarterly earnings in its latest report but had to lower its full-year guidance because of a weak start to the season. The company’s CEO, Robert Katz, attributed that “to guest concerns after two prior years of poor pre-holiday conditions.” 

how much the ski resorts profit each year?

http://investors.vailresorts.com/news-releases/news-release-details/vail-resorts-reports-fiscal-2017-fourth-quarter-and-full-year

• Net income attributable to Vail Resorts, Inc. was $210.6 million for fiscal 2017, an increase of 40.6% compared to fiscal 2016. Included in net income for fiscal 2017, on a pre-tax basis, are charges for an increase in the Canyons contingent consideration of $16.3 million and a future contribution to Town of Vail parking of $4.3 million, as well as a foreign currency gain of $15.3 million on the intercompany loan to Whistler Blackcomb Holdings Inc. ("Whistler Blackcomb").
• Resort Reported EBITDA was $593.4 million for fiscal 2017, an increase of 31.1% compared to fiscal 2016. Fiscal 2017 Resort Reported EBITDA includes the operations of Whistler Blackcomb and Stowe Mountain Resort ("Stowe") prospectively from their respective acquisition closing dates and $10.8 million of acquisition and integration related expenses.
• Season pass sales through September 24, 2017 for the upcoming 2017/2018 North American ski season increased approximately 17% in units and 23% in sales dollars as compared to the period in the prior year through September 25, 2016, including Whistler Blackcomb and Stowe pass sales in both periods, adjusted to eliminate the impact of foreign currency by applying current period exchange rates to the prior period.
• The Company issued its fiscal 2018 guidance range and expects Resort Reported EBITDA to be between $652 million and $682 million, including an estimated $2.6 million of integration related expenses

How climate change effects ski resorts.

Source: Powder.com

The economic principle I am exploring is: What are the opportunity costs of lift ticket prices being so high?

The overall question I will research is How does climate change effect ski resorts and why is skiing so expensive?

According to the article "Climate Study Suggests Skiing Is On a Short Leash", by powder.com the author states  "After running 300,000 years of climate model simulations, with data by the hour, the study concluded that "virtually" all ski areas in the United States will not have the snow to operate like they do today."

First, this has started to become a major panic in the skiing industry.  Businesses need to cut down on their emissions to save the environment.  If people ever want to ski through the glorious powder like they have been for hundreds of years, the pollution must be stopped. 

Second, the shorter the ski season the less profit that the big ski corporation make each year.  Eventually if they don't have enough snow  all year they may not even be able to open the mountains.  Places like Vail, Beaver Creek, and Jackson hole have the best skiing in the united states, but if climate change continues to increase at the rate it is today they will become non existent.

Third, With this new information ski hills have began to invest massive amounts of money into the snow making industry.  When companies have to invest all their money into making the snow instead of it being naturally produced they have to raise their ticket prices.  Today the average ski ticket price is $ 136 per day.  If they continue to pollute the environment with all of these harmful toxins we will begin to see ski prices rise, making it unaffordable for most. 

In my next blog I will research the question: What is the operation cost of electricity on the mountain?

How does climate change effect ski resorts and why is skiing so expensive?

SOURCE: SnowBrains

The economic principle I will explore is:
What are the opportunity costs of lift ticket prices being so high?

The overall question I will research is How does climate change effect ski resorts and why is skiing so expensive?

3-4 sub questions that will help me answer my overall research question are:

Why are Ticket prices so high?

How does climate change effect total profit?

What is the operation cost of electricity on the mountain?

 Links to 3-4 reliable resources that can help answer the research question:

• NBC News
• DW 
• NSAA