The economic sustainability of snow tourism: the case of ski resorts in Austria, France, and Italy

The purpose of this article is to analyse whether ski resorts in Europe are economically viable. Data originates from the financial statements of the 61 largest ski lift operators in Austria, France, and Italy. Descriptive statistics reveal that these operators are characterized by positive and rela...

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Detalles Bibliográficos
Autores: Moreno Gené, Jordi, Sánchez Pulido, Laura, Cristóbal Fransi, Eduard, Daries Ramón, Natalia
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2018
País:España
Institución:Universitat de Lleida (UdL)
Repositorio:Repositori Obert UdL
OAI Identifier:oai:repositori.udl.cat:10459.1/64868
Acceso en línea:https://doi.org/10.3390/su10093012
http://hdl.handle.net/10459.1/64868
Access Level:acceso abierto
Palabra clave:Tourism
Snow
Economic sustainability
Skiing
Descripción
Sumario:The purpose of this article is to analyse whether ski resorts in Europe are economically viable. Data originates from the financial statements of the 61 largest ski lift operators in Austria, France, and Italy. Descriptive statistics reveal that these operators are characterized by positive and relatively high returns, and by having little debt in general terms. The results show that the most economically profitable ski operators are also the largest. The elevation of the ski area is not relevant. Ski lift operators in Austria have a higher profitability than those in France and Italy. Overall, larger ski resorts are better prepared for the future investment needed to adapt to the new conditions in the industry, such as climate variability.