There has been a trend towards consolidation in the ski industry for quite some time. Like the sport itself, consolidation has its upsides and its downsides.
Skiing is a fairly capital-intensive business: just maintaining trails, lifts, and equipment can be costly, not to mention adding more of them. Skiers often welcome the investments that big companies can make and like companywide passes that enable them to use multiple resorts. However, some skiers say the competition between companies threatens mom and pop operations, and they talk about skiing losing its soul.
24/7 Wall St. has compiled a list of the companies that own the most ski resorts by reviewing a list of companies and the resorts they operate from the National Ski Area Association. Additional information, including skiable area, was sourced from Ski Resort.
Vail Resorts is the 800-pound gorilla of the ski industry, with 37 resorts across the country and as far afield as Australia and Canada. The company was founded by veterans of the Army’s 10th Mountain Division in the early 1960s. It’s now publicly traded. (Here is the oldest ski area in every state.)
Vail owns more than twice as many resorts as the No. 2 ranked Alterra Mountain Company, which operates 14 resorts. At No. 3, Powdr Corp. owns 10 resorts.
A couple of companies on our list that might be regarded as outliers. The State of New York, for example, owns three resorts. The state’s private ski operators indeed sometimes complain about taxpayer-subsidized competition. Another unusual company in the industry is Sinclair Oil Corporation, which owns two resorts. Both the oil company and the resorts were part of a conglomerate built by billionaire investor Robert Holding. (Here is the newest ski area in every state.)
Click here to see the companies that own the most ski resorts
Source: CodyHaskell / iStock via Getty Images
12. Sinclair Oil Corporation
> Resorts owned: 2
> Skiable area: 5,563 acres
> Locations: Utah, Idaho
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11. State of New York
> Resorts owned: 3
> Skiable area: 742 acres
> Locations: New York
Source: Josh Hild / iStock via Getty Images
10. Aspen Skiing Company
> Resorts owned: 4
> Skiable area: 5,480 acres
> Locations: Colorado
9. Pacific Group Resorts, Inc.
> Resorts owned: 5
> Skiable area: 1,982 acres
> Locations: British Columbia, New Hampshire, Colorado, Virginia, Maryland
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8. Mont Saint-Sauveur International Inc.
> Resorts owned: 6
> Skiable area: N/A
> Locations: Ottawa, Quebec
Source: Gelu Popa / iStock Editorial via Getty Images
7. Resorts of the Canadian Rockies Inc.
> Resorts owned: 6
> Skiable area: 8,848 acres
> Locations: British Columbia, Quebec, Alberta
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6. Wisconsin Resorts. Inc.
> Resorts owned: 6
> Skiable area: N/A
> Locations: Michigan, Wisconsin, Ontario
24/7 Wall St..jpg#/media/File:Arizona_Snowbowl_Grand_Canyon_Express_Ski_Lift_Opening_Celebration_(30763849424).jpg "Arizona Snowbowl Ski Resort by Coconino National Forest")
5. Mountain Capital Partners
> Resorts owned: 7
> Skiable area: 3,127 acres
> Locations: Arizona, Utah, New Mexico, Colorado
Source: emmorang / iStock via Getty Images
4. Boyne USA, Inc.
> Resorts owned: 10
> Skiable area: 9,740 acres
> Locations: Montana, Utah, Michigan, British Columbia, New Hampshire, Maine, Washington
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Source: Ezra Shaw / Getty Images
3. Powdr Corp.
> Resorts owned: 10
> Skiable area: 8,956 acres
> Locations: California, Colorado, Utah, Vermont, Nevada, Oregon, Canada
2. Alterra Mountain Company
> Resorts owned: 14
> Skiable area: 17,319 acres
> Locations: California, Ontario, Washington, Utah, West Virginia, Colorado, Vermont, Quebec
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Source: Sean Pavone / iStock via Getty Images
1. Vail Resorts, Inc.
> Resorts owned: 37
> Skiable area: 46,191 acres
> Locations: Minnesota, Ohio, New Hampshire, Colorado, Pennsylvania, California, Missouri, New York, California, Michigan, Vermont, Indiana, Utah, Australia, Washington, British Columbia, Wisconsin, Ontario, Nevada
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