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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| Veröffentlicht in: | Sustainability 2018-08, Vol.10 (9), p.3012 |
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| creator | Moreno-Gené, Jordi Sánchez-Pulido, Laura Cristobal-Fransi, Eduard Daries, Natalia |
| description | 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. |
| doi_str_mv | 10.3390/su10093012 |
| format | Article |
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| ispartof | Sustainability, 2018-08, Vol.10 (9), p.3012 |
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| source | MDPI - Multidisciplinary Digital Publishing Institute; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals |
| subjects | Climate variability Economics Ecotourism Resorts & spas Ski resorts Sustainability Tourism |
| title | The Economic Sustainability of Snow Tourism: The Case of Ski Resorts in Austria, France, and Italy |
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