Operating business14% entry signalMarket screen8 sourced figuresStructure decidesentry cost + regulatory drag
Ski Resorts and Mountain Operators
SoftwareTypically runs on Membership and class booking, tee sheets, point of sale, gaming management. · no software market screened here yet — the industry page
Prepared 2026-11-03
The industry — Skiing facilities
Base industry report for 713920 →- Establishments · CanadaA
- 238
- Under 10 employeesA
- 21%
- Establishments · USA
- 350
- Employment · USA
- 68,247
- Payroll · USA
- $1.2B
with employees
most common size: 20–49
195 per establishment
$18k per employee
Of 238 Canadian establishments with employees, 21% have fewer than ten — an industry where large establishments carry real weight.
Entry signal — what decides who wins here
Structure decides
Structure decides
One thing must be true
Execution decides
The binding constraint is not executional. Being better than the incumbent does not, by itself, get you in — this one is cleared with capital, an asset, or a permission.
What you would have to beat
Raise or borrow the entry ticket, or buy an operator who has already paid it. The barrier is money rather than permission, so it yields to a balance sheet — and an acquisition is usually cheaper than a start.
How it was read
Binding constraintUNVERIFIEDentry cost + regulatory drag — Capital — being better does not, by itself, clear it.
How fragmented the field isA21% of establishments have fewer than ten employees — Concentrated — a new entrant competes against establishments with real scale.
What it costs to be in the businessUNVERIFIEDhigh capital — The structural profile of subsector 713, inherited by every industry beneath it.
How many new establishments are still tradingA
Arts, Entertainment, and Recreation, US · opened 202081.3%
1 year
70.3%
3 years
57.1%
5 years
40.8%
10 years
opened 2015
Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.
This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.
Companies named in this market · 18
Vail Resorts, Inc.Compagnie des AlpesAlterra Mountain Co.Aspen SnowmassBoyne ResortsCommunity, club and municipal hillsEVT LimitedJungfraubahn Holding AGLes SommetsMountain Capital PartnersNippon CableNorthland PropertiesNZSkiPacific Group Resorts (PGR)POWDR Corp.RCRReal Group Limited (RealNZ)Zermatt Bergbahnen AG
The binding constraint — entry cost + regulatory drag
Ask who owns the ski resorts and the passes answer: Vail Resorts owns 42 and took about 17.9% of North America's 72.9 million skier visits in 2025/26, Alterra owns 19 and sells the Ikon Pass, and Compagnie des Alpes sold a quarter of France's skier-days. But the mountain under them is almost never theirs. Every serious ski area sits on public land under a term grant — a US Forest Service permit at 1.5–4.0% of revenue, a BC Master Development Agreement at 2% of gross revenue for 60 years, a national-park lease the Canada National Parks Act allows only inside four named ski areas, a French commune's concession that can be taken back. Tignes proved the last in June 2026: the commune ended Compagnie des Alpes' 37 years and its own public company bought back the lifts for about €103M. That tenure is the barrier and the reason the conglomerates exist: Vail says no destination resort of scale has been built in North America in over 45 years, so the scarce permits trade between the same few buyers — Whistler for about US$1.09B, Intrawest for $1.5B, Peak Resorts' 17 hills for $334.7M. What an ordinary entrant can buy is the independent hill a consolidator passed over — a provincial Marble Mountain offered by tender, a Mt Dobson listed for about NZ$3M — and there it meets the pass, now 70% of Vail's lift revenue and paid before the snow falls. 2025/26 showed what that prepayment insures: Vail's visits fell 13.4% on record-low western snow and its EBITDA per visit still rose; a single hill has no other mountain to send its customers to. Entry cost plus regulatory drag decides it: the permit is the asset, the good ones are not for sale on terms an ordinary entrant can meet, and the ones that are come cheap because they carry the weather alone.
Market scaleregionalunit: one mountain's drive market — day and weekend skiers within a few hours — with destination resorts additionally competing continent-wide through the multi-resort pass
A regional hill competes with the other hills in its drive radius; a destination resort competes with every other destination its pass holder could fly to, which is why the conglomerates sell networks rather than mountains. The binding constraint is not demand but tenure: the number of mountains is fixed by permits granted decades ago. Sized by skier visits per mountain, not by a national total.
Handle — Vail Resorts' 10-K. The only consolidator that files a full segment table, its own count of North American ski areas and visits, and the acreage and expiry of every Forest Service permit it holds — so it prices both the operating business and the land tenure under it. Compagnie des Alpes plays the same role for France, and its 2024 Tignes filing is the one public price for taking a concession back.
Vail Resorts FY2026 (year to 31 July 2026)A
Total net revenue US$2,838.2M against $2,964.3M; Mountain net revenue $2,503.2M, of which lift $1,451.1M (−3.5%); Mountain Reported EBITDA $729.4M against $821.3M (−11.2%); Resort Reported EBITDA $745.7M against $844.1M; net income attributable $147.5M against $280.0M. Total skier visits 15.299M against 17.665M (−13.4%) while effective ticket price rose 11.5% to $94.85. Net Debt $2,917.9M. The 10-K blames 'record low snowfall and historically warm temperatures across the western U.S.'
North American ski areas and the leader's shareA
'Approximately 770 ski areas operating in North America with approximately 490 in the U.S.'; about 72.9M North American skier visits in 2025/26, of which Vail's North American resorts had about 13.1M — 'approximately 17.9%'. Vail operates 42 resorts. 'Virtually no new destination ski resorts of scale in North America for over 45 years' (Vail 10-K, Competition)
The pass: share of lift revenue and the 2026/27 sales trendA
About 70% of Vail's lift revenue came from pass products in FY2026 (65% in FY2025 and FY2024); lift tickets are about 58% of Mountain revenue. Pass units sold through 18 September 2026 for 2026/27 fell about 12%, days sold about 10% and sales dollars about 6% against the prior year; FY2027 guidance is Resort Reported EBITDA of $805M–$865M (results release, 8-K of 28 September 2026)
Compagnie des Alpes FY2025/26 (to 30 September 2026, unaudited)A
Group revenue €1,433.2M (+2.6%); Domaines skiables et activités outdoor €632.8M against €594.2M (+6.5%, +5.6% like-for-like). Lifts are about 95% of the division and grew 4.4% like-for-like: +3.5% revenue per skier-day, +0.9% skier-days. 14.2M skier-days including Pralognan-la-Vanoise (consolidated from 1 November 2025) — 25% of the 56.1M skier-days sold in France in 2025/26 (AMF filing, 27 October 2026)
What the land costs — the tenure terms in forceA
US Forest Service term special-use permits under the 1986 Ski Area Permit Act: fee 1.5%–4.0% of adjusted gross revenue; Vail's 11 permits run to 2029–2058 (Vail Mountain 12,353 acres to 1 December 2031) and 'no SUP has ever been terminated by the Forest Service over the opposition of the permit holder' (Vail 10-K). BC Master Development Agreement: fee 2% of gross revenue, adjustable by up to 0.5 point at the tenth and each fifth anniversary (Blackcomb MDA, SEC exhibit); standard term 60 years (BC Mountain Resorts Branch); Whistler Blackcomb's MDAs run to 23 February 2077, renewable 60 more years. Canada National Parks Act s.36: no lease or licence for commercial ski facilities in a national park outside the commercial ski areas in Schedule 5 (Lake Louise, Norquay, Sunshine, Marmot Basin)
What mountains have sold for (filed prices)A
Whistler Blackcomb, October 2016: about US$1.09B to shareholders (C$673.8M cash plus Vail stock) for a company holding 75% of the operating partnerships. Intrawest to the KSL / Henry Crown joint venture that became Alterra, July 2017: $23.75 a share, 'total valuation of approximately $1.5 billion'. Stowe, June 2017: $40.9M cash. Peak Resorts' 17 regional areas, September 2019: $264.5M equity, $334.7M with debt repaid. Seven Springs Resorts (3 areas), December 2021: $116.5M. Andermatt-Sedrun, August 2022: CHF 149.3M for a majority stake. Tignes, June 2026: the commune's own public company took back the lifts at the end of Compagnie des Alpes' concession for compensation then put at about €103M
Canadian establishments with employeesA
238 (Statistics Canada, December 2023) — Quebec 83, British Columbia 56, Ontario 43, Alberta 21; 69 employ 100 or more (14 employ 500+) and 33 employ one to four
US establishments in the industryA
350 establishments, 68,247 employees, US$1.23B payroll (US Census County Business Patterns) — against roughly 490 US ski areas counted by Vail, so many small hills are not separate employer establishments here
Mountain EBITDA per skier visit at the leader~US$47.7 in FY2026, up from ~$46.5 in FY2025B
Mountain Reported EBITDA $729.4M ÷ 15.299M skier visits (FY2026) and $821.3M ÷ 17.665M (FY2025), both from Vail's 10-K. Derived from reported figures. Visits fell 13.4% in the worst western snow year on record and the margin per visit still rose, because 70% of lift revenue had been collected as passes before the season — the clearest single number for what the pass network is worth and what an independent hill lacks.
I
Who you would be competing with
The operators already at scale here, and whoever is buying these businesses. In most of these industries the competition an entrant meets is local, so this is who sets the terms rather than a list of everyone in the trade.
Largest operator
Vail Resorts (NYSE: MTN, Broomfield, Colorado) — 42 owned resorts and the Epic Pass
Scale
FY2026 total net revenue US$2.84B, Resort Reported EBITDA $745.7M, 15.3M skier visits across 36 US resorts, Whistler Blackcomb (75%, with Nippon Cable 25%), Perisher, Falls Creek and Hotham in Australia, and Andermatt-Sedrun (55%) and Crans-Montana (about 84%) in Switzerland — its only European holdings
Concentration
About 17.9% of North American skier visits in 2025/26 (13.1M of 72.9M, Vail's own count). In France the leader is Compagnie des Alpes at 25% of 56.1M skier-days. No other operator in either market publishes a share; Alterra, Aspen Skiing Company, POWDR and Boyne are private.
Others in the field
Alterra Mountain Company (19 resorts plus CMH and Mike Wiegele heli-skiing; Ikon Pass, KSL Capital Partners and Henry Crown and Company), Aspen Skiing Company (Henry Crown and Company), POWDR, Boyne Resorts, Mountain Capital Partners, Pacific Group Resorts, The Sinclair Companies; in Canada Resorts of the Canadian Rockies (six resorts, Epic partner), Northland Properties (Revelstoke, Grouse), Les Sommets (five Laurentian hills), Nippon Cable (Sun Peaks, 25% of Whistler Blackcomb); in the Alps Compagnie des Alpes, Jungfraubahn Holding, Zermatt Bergbahnen, Téléverbier, Titlis Bergbahnen, Compagnie du Mont-Blanc, SATA Group; in Australia and New Zealand EVT (Thredbo), NZSki, RealNZ; and a long tail of community co-operatives, member clubs and municipal hills
Lock-in mechanism
Two locks. The pass: about 70% of Vail's lift revenue is pass revenue, sold before the season and recognised as the days are skied, with 20% off food, lessons and rentals for holders — the customer has committed to a network before choosing a mountain. The tenure: the permit or lease is renewed to the sitting operator as a matter of course in North America (Vail knows of no Forest Service permit terminated against the holder's will); in France it is a fixed-term public-service delegation the commune can retake, which is the one place the lock has broken.
Price movement
Up on price, down on volume. Vail's effective ticket price rose 11.5% to $94.85 in FY2026 while skier visits fell 13.4%; Compagnie des Alpes grew lift revenue per skier-day 3.5%. The pass is now pushing back: Vail's 2026/27 pass units are down about 12% and sales dollars about 6%, so the price has been taken on fewer, higher-paying pass holders.
Is the buyer consolidating?
Yes — Yes for a decade, now in both directions. The roll-up: Vail bought Whistler Blackcomb (2016), Stowe (2017), Peak Resorts' 17 areas (2019), Seven Springs (2021), Andermatt-Sedrun (2022) and Crans-Montana (2024); KSL and Henry Crown combined Intrawest, Mammoth and Squaw Valley in 2017 to form Alterra, which added Arapahoe Basin in 2024. The unwind: POWDR sold Lee Canyon (2023), Killington and Pico (2024) and SilverStar to Pacific Group Resorts (November 2025); Tignes went back to its commune in June 2026; and, as reported, the town of Nederland agreed in January 2026 to buy Eldora from POWDR for $120M, and Bear Den Partners assembled Smugglers' Notch, Berkshire East and Catamount in 2026. EVT has put its group structure under review with Rothschild & Co.
F
Financials & market size — sourced
Figures that came from a filing, a results release or reputable reporting, each carrying its evidence tier.
Vail Resorts FY2026 (year to 31 July 2026)A
Total net revenue US$2,838.2M against $2,964.3M; Mountain net revenue $2,503.2M, of which lift $1,451.1M (−3.5%); Mountain Reported EBITDA $729.4M against $821.3M (−11.2%); Resort Reported EBITDA $745.7M against $844.1M; net income attributable $147.5M against $280.0M. Total skier visits 15.299M against 17.665M (−13.4%) while effective ticket price rose 11.5% to $94.85. Net Debt $2,917.9M. The 10-K blames 'record low snowfall and historically warm temperatures across the western U.S.'
North American ski areas and the leader's shareA
'Approximately 770 ski areas operating in North America with approximately 490 in the U.S.'; about 72.9M North American skier visits in 2025/26, of which Vail's North American resorts had about 13.1M — 'approximately 17.9%'. Vail operates 42 resorts. 'Virtually no new destination ski resorts of scale in North America for over 45 years' (Vail 10-K, Competition)
The pass: share of lift revenue and the 2026/27 sales trendA
About 70% of Vail's lift revenue came from pass products in FY2026 (65% in FY2025 and FY2024); lift tickets are about 58% of Mountain revenue. Pass units sold through 18 September 2026 for 2026/27 fell about 12%, days sold about 10% and sales dollars about 6% against the prior year; FY2027 guidance is Resort Reported EBITDA of $805M–$865M (results release, 8-K of 28 September 2026)
Compagnie des Alpes FY2025/26 (to 30 September 2026, unaudited)A
Group revenue €1,433.2M (+2.6%); Domaines skiables et activités outdoor €632.8M against €594.2M (+6.5%, +5.6% like-for-like). Lifts are about 95% of the division and grew 4.4% like-for-like: +3.5% revenue per skier-day, +0.9% skier-days. 14.2M skier-days including Pralognan-la-Vanoise (consolidated from 1 November 2025) — 25% of the 56.1M skier-days sold in France in 2025/26 (AMF filing, 27 October 2026)
Jungfraubahn Holding 2025 — where a listed Swiss mountain company makes its moneyA
Operating income CHF 305.7M, EBITDA CHF 138.4M (45.3% margin), result CHF 78.2M. Segment EBITDA: Jungfraujoch excursion CHF 82.7M (1,056,600 visitors), Experience Mountains CHF 41.3M on net sales CHF 62.2M, Winter Sports CHF 5.9M on net sales CHF 44.7M. Skiing is the smallest earner of the three. The new AlpsPass with Adelboden-Lenk, Engelberg-Titlis and Aletsch Arena sold over 37,400 units in its first season (General Meeting 2026 invitation, key figures)
EVT Limited FY2026 (to 30 June 2026) — ThredboA
Thredbo revenue A$96.8M (+10.6%), normalised EBITDA A$21.0M (+13.7%), normalised PBIT A$14.6M; 2025 winter skier scans +18.3%. June 2026 was 'unseasonably warm with very limited natural snow' and one all-weather snowmaking unit 'provided the only skiable terrain for the whole of the June month'; Thredbo's valuation was cut and FY2027 EBITDA is tracking below the prior year. Group normalised revenue A$1,314.9M, EBITDA A$174.4M; Rothschild & Co engaged on a group structure review (ASX, 24 August 2026)
What the land costs — the tenure terms in forceA
US Forest Service term special-use permits under the 1986 Ski Area Permit Act: fee 1.5%–4.0% of adjusted gross revenue; Vail's 11 permits run to 2029–2058 (Vail Mountain 12,353 acres to 1 December 2031) and 'no SUP has ever been terminated by the Forest Service over the opposition of the permit holder' (Vail 10-K). BC Master Development Agreement: fee 2% of gross revenue, adjustable by up to 0.5 point at the tenth and each fifth anniversary (Blackcomb MDA, SEC exhibit); standard term 60 years (BC Mountain Resorts Branch); Whistler Blackcomb's MDAs run to 23 February 2077, renewable 60 more years. Canada National Parks Act s.36: no lease or licence for commercial ski facilities in a national park outside the commercial ski areas in Schedule 5 (Lake Louise, Norquay, Sunshine, Marmot Basin)
What mountains have sold for (filed prices)A
Whistler Blackcomb, October 2016: about US$1.09B to shareholders (C$673.8M cash plus Vail stock) for a company holding 75% of the operating partnerships. Intrawest to the KSL / Henry Crown joint venture that became Alterra, July 2017: $23.75 a share, 'total valuation of approximately $1.5 billion'. Stowe, June 2017: $40.9M cash. Peak Resorts' 17 regional areas, September 2019: $264.5M equity, $334.7M with debt repaid. Seven Springs Resorts (3 areas), December 2021: $116.5M. Andermatt-Sedrun, August 2022: CHF 149.3M for a majority stake. Tignes, June 2026: the commune's own public company took back the lifts at the end of Compagnie des Alpes' concession for compensation then put at about €103M
O
Who owns the mountains
Every prominent ski area we could source, with the company that owns or operates it, its ultimate parent, and whether it owns the land or holds a lease, permit or concession. Tier A rests on a filing, an official record or the owner's own page; B on reputable reporting; C on a search result only.
Canada · 42
| Ski area | Where | Owner / operator | Parent | Since · price | Notes · sources |
|---|---|---|---|---|---|
| Fernie Alpine Resort A | Fernie, BC, Canada | Resorts of the Canadian Rockies Inc. (RCR)operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Resorts of the Canadian Rockies Inc. (private, Calgary) | Listed under 'OUR RESORTS' on RCR's site alongside Kicking Horse, Kimberley, Nakiska, Mont Sainte Anne and Stoneham; RCR site links Epic Pass under Winter Passes. Pass: Epic (partner).skircr.com · en.wikipedia.org | |
| Kicking Horse Mountain Resort A | Golden, BC, Canada | Resorts of the Canadian Rockies Inc. (RCR)operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Resorts of the Canadian Rockies Inc. | 2011 | RCR bought it from original developer Ballast Nedam (Dec 2011 per Wikipedia lead; Western Investor/Hotelier reported the sale). Listed on RCR's resort menu. Pass: Epic (partner).skircr.com · westerninvestor.com · hoteliermagazine.com |
| Kimberley Alpine Resort A | Kimberley, BC, Canada | Resorts of the Canadian Rockies Inc. (RCR)operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Resorts of the Canadian Rockies Inc. | Listed on RCR's resort menu, with Trickle Creek Lodge and Trickle Creek Golf Resort. Pass: Epic (partner).skircr.com | |
| Nakiska A | Kananaskis Country, AB, Canada | Resorts of the Canadian Rockies Inc. (RCR)operator; ski area on Alberta provincial Crown land in Kananaskis Country (1988 Olympic alpine venue) under provincial lease/disposition | Resorts of the Canadian Rockies Inc. | Listed on RCR's resort menu; Lizard Creek Lodge (Fernie) is also RCR. Pass: Epic (partner).skircr.com | |
| Mont-Sainte-Anne A | Beaupré, QC, Canada | Resorts of the Canadian Rockies Inc. (RCR)operating company; Mont-Sainte-Anne sits partly on Quebec public land (Parc du Mont-Sainte-Anne) under provincial lease | Resorts of the Canadian Rockies Inc. | Listed on RCR's resort menu with Le Grand Vallon golf; RCR's eastern holdings are Mont-Sainte-Anne and Stoneham. Pass: Epic (partner).skircr.com | |
| Stoneham Mountain Resort A | Stoneham-et-Tewkesbury, QC, Canada | Resorts of the Canadian Rockies Inc. (RCR)operating company (land tenure not stated) | Resorts of the Canadian Rockies Inc. | Listed on RCR's resort menu. Pass: Epic (partner).skircr.com | |
| Lake Louise Ski Resort B | Lake Louise, Banff National Park, AB, Canada | The Lake Louise Ski Area Ltd.operating company holds a Parks Canada lease/licence inside a national park (federal land; ski area limits fixed in the Canada National Parks Act schedule) | The Lake Louise Ski Area Ltd. (private; 2008 restructuring split ownership with RCR's controlling shareholder) | 2008 | 'Until autumn 2008, the ski resort was owned and operated by the Resorts of the Canadian Rockies (RCR)'; a former owner bought back a 50% share and the resort now runs under The Lake Louise Ski Area Ltd., 'independently of, but associated with, RCR'. Not on RCR's current resort list. Pass: Ikon.canada-ski.com · en.wikipedia.org · skircr.com |
| Mt Norquay B | Banff, Banff National Park, AB, Canada | Norquay Mystic Ridge Ltd.operating company holds a Parks Canada lease/licence inside a national park (federal land; ski area limits fixed in the Canada National Parks Act schedule) | Liricon Capital Ltd. (wholly owns Norquay Mystic Ridge Ltd.) | 2018 | 'operating under the legal name, Norquay Mystic Ridge Ltd. which is a wholly owned subsidiary of Liricon Capital Ltd.'; an Alberta investor group owned it 2006–2018. Pass: Ikon (Banff/Lake Louise trio).en.wikipedia.org · banffnorquay.com |
| Revelstoke Mountain Resort B | Revelstoke, BC, Canada | Northland Properties Corporationoperating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Northland Properties Corporation (private, family-held, Vancouver) | 2008 | Northland took ownership in 2008 and has since invested 'more than $200 million'; Northland also holds Selkirk Tangiers Heli Skiing. Pass: Mountain Collective.biv.com · en.wikipedia.org |
| Grouse Mountain B | North Vancouver, BC, Canada | Northland Properties Corporationoperating company; fee/leasehold mix on the North Shore (part of the hill is on Metro Vancouver/District land under lease — not confirmed) | Northland Properties Corporation | 2020 · undisclosed | Northland agreed to acquire Grouse Mountain Resort from CM Asset Management (announced 2 Jan 2020); CM had bought it in 2017 from the founding family company that held it ~40 years.snowindustrynews.com · biv.com |
| SilverStar Mountain Resort B | Vernon, BC, Canada | Pacific Group Resorts (PGR)operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Pacific Group Resorts, LLC (Utah) | 2025 · undisclosed | 'Pacific Group Resorts (PGR) has purchased SilverStar from previous owner POWDR' (Ski Canada, 26 Nov 2025). Earlier under the Big White owners' company from 2001 until the 2012 split. Pass: Ikon (bonus mountain, 2025/26).skicanadamag.com · piquenewsmagazine.com |
| Mount Washington Alpine Resort A | Courtenay, Vancouver Island, BC, Canada | Pacific Group Resorts (PGR)operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Pacific Group Resorts, LLC (Utah) | 2015 · undisclosed | Sold by a Vancouver Island group of private shareholders to Utah-based PGR, terms undisclosed; sellers kept two land parcels. PGR's other properties include Wisp, Wintergreen, Jay Peak; it manages Ragged Mountain NH.pgri.us · saminfo.com · amp.cbc.ca |
| Big White Ski Resort B | Kelowna, BC, Canada | Big White Ski Resort Ltd.operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Big White Ski Resort Ltd. (Australian family-held company) | The Australian owning family 'already owned, and continues to own, nearby Big White'; Big White bought SilverStar in 2001 and the two split in 2012 after the owners' estate divided.piquenewsmagazine.com · saminfo.com | |
| Apex Mountain Resort C | Penticton, BC, Canada | Apex Mountain Resorts Partnership Ltd.operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Apex Mountain Resorts Partnership Ltd. (investor group) | 'A new group, calling itself Apex Mountain Resorts Partnership Ltd., has purchased all outstanding shares' of the resort (date not given in source snippet).castanet.net | |
| Mt Seymour A | North Vancouver, BC, Canada | Mt Seymour Resorts Ltd.operator inside Mount Seymour Provincial Park under a BC Parks operating contract/park use permit (since 1984) | Mt Seymour Resorts Ltd. (Canadian family-held company) | 1984 | Resort calls itself 'Vancouver's Canadian family owned and operated ski resort'; Mt Seymour Resorts Ltd. 'purchased the contract to operate the ski area in 1984'.mtseymour.ca · mtseymour.ca |
| Whitewater Ski Resort A | Nelson, BC, Canada | Knee Deep Development Corp.operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Knee Deep Development Corp. (Calgary) | 2008 | Resort history page: the founders 'sold the resort to Knee Deep Development Corp., a Calgary based company, in August 2008'. No later sale found.skiwhitewater.com |
| Red Mountain Resort C | Rossland, BC, Canada | RMR Acquisition Corporationoperating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | RMR Acquisition Corporation (US-led investor group, 2004) | 2004 | A US investor group bought Red Mountain in 2004; BC Forest Practices Board (c.2014) said it 'is currently owned by RMR Acquisition Corporation'. Current owner not re-confirmed.spokesman.com |
| Mont Sutton B | Sutton, QC, Canada | Mont Sutton (investor group led by the resort's general manager)owner-operator (land tenure not stated) | local investor group (holding company name not stated) | Ski Canada: 'Mont Sutton, Quebec: New Owners, New Plans'; a law-firm notice and SAM report the shareholders approved the GM-led group's purchase offer (holding-company name not given; those URLs name a person so are not cited).skicanada.org | |
| Whistler Blackcomb A | Whistler, BC, Canada | Whistler LP and Blackcomb LP (the 'WB Partnerships'), 75% held by Whistler Blackcomb Holdings, a Vail Resorts subsidiaryoperating partnerships hold 'land leases and rights-of-way under long-term agreements with the government of the province of British Columbia' on Crown land in Squamish and Lil'wat territory; Master Development Agreements expire 23 Feb 2077 | Vail Resorts, Inc. (NYSE: MTN) 75%; Nippon Cable Co. Ltd. 25% limited partner | 2016 · C$673.8M cash (C$17.50/share) plus Vail shares and exchangeable shares; closed 17 Oct 2016 | Vail 10-K: Whistler Blackcomb 'owns a 75% interest in each of Whistler LP and Blackcomb LP'; Nippon Cable's 25% is 'a noncontrolling economic interest' with protective rights only; distributions 75/25. Pass: Epic.sec.gov · sec.gov · sec.gov |
| Tremblant A | Mont-Tremblant, QC, Canada | Alterra Mountain Companyowner-operator; land tenure not stated in sources checked (tremblant.ca behind an Incapsula bot wall, not read) | Alterra Mountain Company (privately held, Denver); backers KSL Capital Partners and Henry Crown and Company per public reporting | 2017 | Listed among Alterra's 19 destinations ('Tremblant, Quebec, Canada'); came to Alterra with its 2017 purchase of Intrawest. Pass: Ikon.alterramtn.co |
| Blue Mountain A | The Blue Mountains (Collingwood), ON, Canada | Blue Mountain Resorts LPowner-operator on private (fee) land — Ontario ski hills are not on Crown tenure; the base village is a separate hospitality owner | Alterra Mountain Company | 2017 | Site footer '©2026 Blue Mountain Resorts LP' and links to Alterra Mountain Company; Alterra lists 'Blue Mountain, Ontario, Canada' as a destination. Blue Mountain Village hotels appear in the Freed Hotels & Resorts portfolio. Pass: Ikon.alterramtn.co · bluemountain.ca |
| CMH Heli-Skiing & Summer Adventures A | Columbia Mountains, BC, Canada (11 lodges) | CMH (Canadian Mountain Holidays)heli-skiing tenures on BC Crown land (Commercial Recreation tenures) | Alterra Mountain Company | 2017 | Alterra calls CMH 'the world's largest heli-skiing operator'; Alterra bought Purcell Heli-Skiing (Golden) in Aug 2021 and folded it in as CMH Purcell. Pass: Ikon (heli credit offers).alterramtn.co · businesswire.com |
| Mike Wiegele Helicopter Skiing A | Blue River, BC, Canada | Alterra Mountain Companyheli-skiing tenure on BC Crown land | Alterra Mountain Company | Listed on Alterra's destinations page; Snow Industry News reported Alterra's agreement to acquire it (brand name of the operation, kept as the asset's own name).alterramtn.co · snowindustrynews.com | |
| Banff Sunshine Village B | Banff National Park, AB, Canada | Sunshine Village Corporationoperating company holds a Parks Canada lease/licence inside a national park (federal land; ski area limits fixed in the Canada National Parks Act schedule); resort and Parks Canada agreed a 42-year lease | Sunshine Village Corporation (privately held, family company) | Resort describes itself as an 'independent, privately run, family business'; trademark owner of record is Sunshine Village Corporation. Reported to hold a major shareholding in Marmot Basin (lead only). Pass: Ikon.trademarks.justia.com · skibanff.com · en.wikipedia.org | |
| Marmot Basin B | Jasper National Park, AB, Canada | Marmot Basin Ski-Lifts Ltd. (Marmot Basin Ski Resort)operating company holds a Parks Canada lease/licence inside a national park (federal land; ski area limits fixed in the Canada National Parks Act schedule); Parks Canada signed a new 42-year lease with the operator in Aug 2018 | private shareholder group (bought 2003); exact holders not confirmed | 2003 | 1964: 'Marmot Basin Ski-Lifts Ltd. was issued a License of Operation by Parks Canada'; a new shareholder group bought in 2003; the union lists the employer as 'RMSI-JTAC Equipment Holdings'. Joined the Mountain Collective (Mountainwatch). Pass: Mountain Collective.skimarmot.com · rechercher.ouvert.canada.ca · gounion.ca · mountainwatch.com |
| Castle Mountain Resort A | Pincher Creek, AB, Canada | Castle Mountain Resort Inc.shareholder-owned company; ski area sits on Alberta public land (inside Castle Provincial Park, designated 2017 — not stated on owner's page) | Castle Mountain Resort Inc. (~150–200 mostly local shareholders) | 1996 | Sold to the Town and MD of Pincher Creek in 1975; in 1996 'Castle Mountain Resort Inc.' bought the resort and assets from the Municipal District of Pincher Creek, funded by a share offering. Pass: Indy (not confirmed).skicastle.ca · saminfo.com |
| Panorama Mountain Resort A | Invermere, BC, Canada | Panorama Mountain Village Inc.operating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Panorama Mountain Village Inc. (local investor group; 'Privately owned Canadian resort') | 2010 | Bought in 1993 by 'I.W. Resorts Limited Partnership, a subsidiary of Intrawest Corporation'; on 26 Feb 2010 it 'returned to local ownership when a group of investors from the Panorama community purchased the resort'. Pass: Ikon / Mountain Collective (logos on site).panoramaresort.com · piquenewsmagazine.com |
| Sun Peaks Resort A | Sun Peaks (near Kamloops), BC, Canada | Sun Peaks Resort LLPoperating company; ski area on BC provincial Crown land under a Controlled Recreation Area / Master Development Agreement tenure (province owns the land) | Nippon Cable Co., Ltd. (Japan) | 1992 | Corporate info: 'Sun Peaks Resort LLP is a wholly owned Canadian subsidiary of Nippon Cable Co. of Japan.' 'Sun Peaks was purchased in 1992' (Nippon Cable with Ecosign, per Wikipedia lead). Pass: Ikon / Mountain Collective.sunpeaksresort.com · en.wikipedia.org |
| Cypress Mountain B | West Vancouver, BC, Canada | Boyne Resortsoperator inside Cypress Provincial Park under a provincial park-use lease/permit; Boyne operated it under a sublease before regaining the lease in 2018 | Boyne Resorts (privately held, Michigan; family company) | 2018 · undisclosed | Mar 2018: Boyne 'assumed full ownership of Cypress Mountain Resort' plus Brighton, Loon, Sugarloaf, Sunday River, Summit at Snoqualmie and Gatlinburg Sky Lift from Ski Resort Holdings LLC (an Och-Ziff vehicle), which had leased them back to Boyne. cypressmountain.com blocks ClaudeBot — not read. Pass: Ikon.dailyhive.com · biv.com · nsnews.com |
| Le Massif de Charlevoix A | Petite-Rivière-Saint-François, QC, Canada | Groupe Le Massifowner-operator (land tenure not stated) | HDG Inc. (holding company of Le Massif's 2002 buyer, a Cirque du Soleil co-founder) | 2002 | Groupe Le Massif's president also heads HDG Inc., the buyer's holding company. Apr 2026: Le Soleil reported Le Massif formed a lobbying effort with the province on acquiring Mont-Sainte-Anne; 2025-26 season cut short by a strike.lemassif.com · snowindustrynews.com |
| Sommet Saint-Sauveur A | Saint-Sauveur, QC, Canada | Les Sommets (formerly Mont Saint-Sauveur International, MSSI)owner-operator on private land (Laurentians) | Les Sommets (privately held by two founding families) | Les Sommets: 'In October 2016, the [founding] families transformed the company into les Sommets' — the former MSSI, renamed after it shed its US holdings. Group also runs Sommet Edelweiss (tubing) and a water park. Pass: Les Sommets pass.cms-prod.sommets.com · newenglandskihistory.com | |
| Sommet Saint-Sauveur versant Avila A | Piedmont, QC, Canada | Les Sommets (formerly Mont Saint-Sauveur International, MSSI)owner-operator on private land (Laurentians) | Les Sommets (privately held by two founding families) | Les Sommets: 'In October 2016, the [founding] families transformed the company into les Sommets' — the former MSSI, renamed after it shed its US holdings. Group also runs Sommet Edelweiss (tubing) and a water park. Pass: Les Sommets pass.cms-prod.sommets.com · newenglandskihistory.com | |
| Sommet Morin Heights A | Morin-Heights, QC, Canada | Les Sommets (formerly Mont Saint-Sauveur International, MSSI)owner-operator on private land (Laurentians) | Les Sommets (privately held by two founding families) | Les Sommets: 'In October 2016, the [founding] families transformed the company into les Sommets' — the former MSSI, renamed after it shed its US holdings. Group also runs Sommet Edelweiss (tubing) and a water park. Pass: Les Sommets pass.cms-prod.sommets.com · newenglandskihistory.com | |
| Sommet Olympia A | Piedmont, QC, Canada | Les Sommets (formerly Mont Saint-Sauveur International, MSSI)owner-operator on private land (Laurentians) | Les Sommets (privately held by two founding families) | Les Sommets: 'In October 2016, the [founding] families transformed the company into les Sommets' — the former MSSI, renamed after it shed its US holdings. Group also runs Sommet Edelweiss (tubing) and a water park. Pass: Les Sommets pass.cms-prod.sommets.com · newenglandskihistory.com | |
| Sommet Gabriel A | Sainte-Adèle, QC, Canada | Les Sommets (formerly Mont Saint-Sauveur International, MSSI)owner-operator on private land (Laurentians) | Les Sommets (privately held by two founding families) | Les Sommets: 'In October 2016, the [founding] families transformed the company into les Sommets' — the former MSSI, renamed after it shed its US holdings. Group also runs Sommet Edelweiss (tubing) and a water park. Pass: Les Sommets pass.cms-prod.sommets.com · newenglandskihistory.com | |
| Bromont, montagne d'expériences B | Bromont, QC, Canada | Bromont, montagne d'expériences (Ski Bromont)owner-operator on private land | family-held company (founding family bought it back from the bank in 1998) | 1998 | After 1990s financial trouble the founder's children 'bought the ski area back from the bank in 1998'; completing a C$122M 'Altitude' investment incl. a ski-in/ski-out hotel for 2025-26.en.wikipedia.org · bromontmontagne.com |
| Mont Orford A | Orford, QC, Canada | Corporation Ski & Golf Mont-Orford (non-profit)non-profit operator under a lease with the Government of Quebec and SÉPAQ (ski area inside Parc national du Mont-Orford, public land) | Corporation Ski & Golf Mont-Orford (board: 3 elected municipal officials + 4 citizens) | 2011 | 'Since 2011, the Corporation has been operating the Mont Orford ski resort and the Mont Orford Golf Club, under a lease signed with the Government of Quebec and SÉPAQ.'montorford.com |
| Owl's Head B | Potton (Mansonville), QC, Canada | Owl's Head (Destination Owl's Head)owner-operator on private land | local business group (bought from the founding company, deal signed Aug 2017, completed 2018) | 2018 | Sherbrooke Record (10 Aug 2017): deal inked for the resort's sale after 50+ years under the founder; La Tribune (2018) said it would become the property of a Magog-led group. Site footer: '© 2026 Owl's Head'.pressreader.com · owlshead.com |
| Marble Mountain A | Steady Brook, NL, Canada | Marble Mountain Development Corporation (provincial Crown corporation)publicly owned: operated by the Government of Newfoundland and Labrador since 1988 through a Crown corporation with an appointed board | Government of Newfoundland and Labrador | 1988 | Feb 2025 the province issued an RFP to sell it ('committed to placing the resort in the hands of the private sector'), deadline 9 Apr 2025; outcome not found.gov.nl.ca · saminfo.com |
| Ski Martock C | Windsor (Ardoise), NS, Canada | Cape Smokey (operator of Ski Cape Smokey)operator; land ownership not stated (hill historically on Nova Scotia provincial land — not confirmed) | Cape Smokey (company name not given in source) | 2025 | 'New era for Ski Martock as Cape Smokey takes over ownership' — sale announced to members by the former operators (report dated 8 Jul 2025, via SaltWire).ground.news |
| Horseshoe Resort B | Oro-Medonte (Barrie), ON, Canada | Horseshoe Valley Resortowner-operator on private land | Freed Hotels & Resorts (portfolio shown on site footer; ownership not stated explicitly) | Site footer groups Horseshoe Valley Resort with Deerhurst, Muskoka Bay and Blue Mountain Village under 'Freed Hotels & Resorts'.horseshoeresort.com · horseshoeresort.com | |
| Mount St. Louis Moonstone C | Coldwater (Oro-Medonte), ON, Canada | Mount St. Louis Moonstoneowner-operator on private land | family-held company (founded 1964) | 1964 | Described as 'one of the largest family owned ski resorts in Ontario'; founded 1964.destinationontario.com |
Europe — the Alps · 43
| Ski area | Where | Owner / operator | Parent | Since · price | Notes · sources |
|---|---|---|---|---|---|
| Andermatt-Sedrun A | Andermatt, Uri / Sedrun, Graubünden, Switzerland | Andermatt-Sedrun Sport AG (controlled by Vail Resorts)Vail holds a 55% controlling stake in the operating company; lifts run on land owned by Andermatt Swiss Alps AG (freehold/leasehold), the Ursern Corporation (public-law corporation of the valley's citizens, under a 2013 framework concession), the municipality of Tujetsch (easement to 2032) and the Swiss Confederation (DDPS leaseholds to 2067/2068) | Vail Resorts, Inc. (NYSE: MTN) 55%; Andermatt Swiss Alps AG 40%; other existing shareholders 5% | 2022-08-03 · CHF 149.3M total consideration (CHF 110.0M invested into the company + CHF 39.3M paid to ASA) for 55% | 10-K: 'ASA retained a 40% ownership stake, with a group of existing shareholders comprising the remaining 5%'; no dividends until FY ending 31 Jul 2026, then annual distributions of 50%. Disentis is connected but 'independently owned' (Epic alliance partner). Pass: Epic.sec.gov · sec.gov |
| Crans-Montana Mountain Resort A | Crans-Montana, Valais, Switzerland | Remontées Mécaniques Crans Montana Aminona SA (CMA), controlled by Vail ResortsVail owns ~84% of CMA, which 'controls and operates all the resort's lifts'; municipalities of Crans-Montana (~9.47%) and Lens (~3.33%) also hold shares under a shareholders' agreement to 31 Dec 2035; land is CMA-owned freehold/leasehold plus civic-community (bourgeoisie), municipal and private land via easements and building rights, some under federal concessions | Vail Resorts, Inc. (NYSE: MTN) ~84%; Commune of Crans-Montana ~9.47%; Commune of Lens ~3.33%; remainder free-traded | 2024-05-02 · CHF 97.2M ($106.8M) cash; total estimated purchase consideration $120.9M incl. noncontrolling interests | Deal also took 100% of SportLife AG (ski school) and 11 mountain restaurants (Crans-Montana Food and Beverage SA). Host of FIS Alpine World Ski Championships 2027. 10-K: 'The noncontrolling shares may be traded without restriction.' Pass: Epic.sec.gov · sec.gov |
| Jungfrau Ski Region — Grindelwald-First, Kleine Scheidegg-Männlichen, Wengen (Jungfraujoch) A | Grindelwald / Wengen / Lauterbrunnen, Bern, Switzerland | Jungfraubahn Holding AG via Firstbahn AG, Wengernalpbahn AG, Jungfraubahn AG (100% each)listed holding owns the operating rail and lift companies outright; Gondelbahn Grindelwald-Männlichen AG is only an associate (34.8% voting, 2017) | Jungfraubahn Holding AG (SIX: JFN); largest registered holders 2017: Berner Kantonalbank 14.3%, Gebäudeversicherung Bern 7.7%, Securitas Investment AG 4.7% | market cap CHF 742M at 31 Dec 2017 | 'Die einzige kotierte Gesellschaft im Konsolidierungskreis ist die Jungfraubahn Holding AG' (SIX, ISIN CH0017875789). Also holds Bergbahn Lauterbrunnen-Mürren AG 94%, Harderbahn 88%, Grindelwald Grund Infrastruktur 80% (V-Bahn terminal), 8% of the federal/cantonal-majority Berner Oberland-Bahnen. Traffic revenue 2024 CHF 205.1M.jungfrau.ch · jungfrau.ch |
| Zermatt – Matterhorn (Matterhorn glacier paradise) B | Zermatt, Valais, Switzerland | Zermatt Bergbahnen AG (ZBAG)unlisted Swiss AG operating the lifts; formed 2002 by merging five lift companies; majority held by local public bodies | Burgergemeinde Zermatt 23.6%; BVZ Holding AG 22.0%; Einwohnergemeinde Zermatt 18.3%; private holders 36.1% (2022/23) | 2002 | Company: 'ist eine Aktiengesellschaft nach Schweizer Recht mit Sitz in Zermatt und ist nicht börsenkotiert.' First sales above CHF 100M in 2024/25; dividend raised to CHF 5.25/share at the Sept 2025 AGM. Links with Cervinia (Italy) across the border. Pass: Ikon (not verified here).matterhornparadise.ch · matterhornparadise.ch · blick.ch |
| Verbier / 4 Vallées (Verbier sector) B | Verbier, Val de Bagnes, Valais, Switzerland | Téléverbier SAlisted lift company operating the Verbier sector of the 4 Vallées; largest shareholder is the commune | Commune (et Bourgeoisie) de Bagnes ~25.86%; Val de Bagnes et d'Entremont shareholder group 8.57%; resort shareholder group 4.53%; rest free float | Shares listed on Euronext Paris (ISIN CH0008175645, ticker TVRB). April 2024 AGM: 92 shareholders representing 75.68% of shares approved all items; no dividend for 2022-23. Epic alliance partner per Vail FY2026 10-K. Other 4 Vallées sectors (Nendaz, Veysonnaz, Thyon) are run by separate companies. Pass: Epic.verbier4vallees.ch · live.euronext.com · fr.investing.com | |
| Engelberg-Titlis B | Engelberg, Obwalden, Switzerland | Bergbahnen Engelberg-Trübsee-Titlis AG (Titlis Bergbahnen)publicly traded Swiss AG operating the Titlis and Engelberg lifts | Bergbahnen Engelberg-Trübsee-Titlis AG (SIX Swiss Exchange: TIBN, ISIN CH0527044959); shareholder register not retrieved | 1913 | Founded 1913; ticker TIBN. 2023/24 annual report published 28 Jan 2025, AGM 19 Feb 2025. Quotes Jan 2026 ranged CHF 44–60 across venues (conflicting aggregators).stockanalysis.com · snowindustrynews.com |
| Tignes A | Tignes, Savoie, France | Commune of Tignes public company (operator since 1 June 2026)operator under a public-service delegation (DSP) from the commune; lifts revert to the concession grantor | Commune of Tignes | 2026 · ~€103M (lifts taken back from Compagnie des Alpes) | Compagnie des Alpes' concession ended 31 May 2026; the commune's own public company took over the lifts from 1 June 2026 for about €103M (CDA/AMF filing). Named in CDA's Jan 2026 regulated release among its 11 mountain areas. Tignes and Val d'Isère are not in Vail's 2026/27 Epic alliance list.echanges.dila.gouv.fr |
| Val d'Isère A | Val d'Isère, Savoie, France | STVI — Société des Téléphériques de Val d'Isère (Compagnie des Alpes)DSP from the commune of Val d'Isère | Compagnie des Alpes; acquired from the Sofival group in 2007 | 2007 | Sofival 2023 release: diversification 'initiée en 2007 lors de la vente de la Société des Téléphériques de Val d'Isère (STVI) à la CDA.' Listed in CDA's 11 mountain areas (Jan 2026).echanges.dila.gouv.fr · echanges.dila.gouv.fr |
| Les Arcs / Peisey-Vallandry (Paradiski) A | Bourg-Saint-Maurice / Peisey-Nancroix, Savoie, France | ADS — Arcs Domaine Skiable (Compagnie des Alpes)DSP from the communes | Compagnie des Alpes | Les Arcs and Peisey-Vallandry are listed separately among CDA's 11 mountain areas (Jan 2026 regulated release); linked to La Plagne by the Vanoise Express as Paradiski.echanges.dila.gouv.fr | |
| La Plagne (Paradiski) A | La Plagne Tarentaise / Mâcot, Savoie, France | SAP — Société d'Aménagement de La Plagne (Compagnie des Alpes)DSP from the communes | Compagnie des Alpes | Listed among CDA's 11 mountain areas, Jan 2026.echanges.dila.gouv.fr | |
| Méribel (Les 3 Vallées) A | Les Allues, Savoie, France | Méribel Alpina (Compagnie des Alpes)DSP from the commune of Les Allues | Compagnie des Alpes | Listed among CDA's 11 mountain areas (Jan 2026). Les 3 Vallées is an Epic alliance partner for 2026/27 per Vail's 10-K. Méribel-Mottaret is shared with S3V lifts. Pass: Epic.echanges.dila.gouv.fr · sec.gov | |
| Les Menuires (Les 3 Vallées) A | Saint-Martin-de-Belleville, Savoie, France | SEVABEL — Société d'Exploitation de la Vallée des Belleville (Compagnie des Alpes)DSP from the commune of Les Belleville | Compagnie des Alpes | Listed among CDA's 11 mountain areas (Jan 2026); covered by the Les 3 Vallées Epic alliance. Pass: Epic.echanges.dila.gouv.fr · sec.gov | |
| Serre Chevalier A | Briançon area, Hautes-Alpes, France | SCV Domaine Skiable (Compagnie des Alpes)DSP from the valley communes | Compagnie des Alpes | Listed among CDA's 11 mountain areas (Jan 2026).echanges.dila.gouv.fr | |
| Flaine / Grand Massif (Samoëns–Morillon–Sixt-Fer-à-Cheval) A | Haute-Savoie, France | Grand Massif Domaines Skiables (Compagnie des Alpes)DSP from the communes | Compagnie des Alpes | CDA lists Flaine and Samoëns–Morillon–Sixt-Fer-à-Cheval among its 11 mountain areas (Jan 2026); Pralognan-la-Vanoise is the 11th.echanges.dila.gouv.fr | |
| Avoriaz (Portes du Soleil) A | Morzine-Avoriaz, Haute-Savoie, France | SERMA — Société d'Exploitation des Remontées Mécaniques de Morzine-Avoriazoperator under DSP from the commune of Morzine | Sofival group (family-held company) ~80%; Compagnie des Alpes 20% | 1994 (per resort listing) | Sofival 2023 release: 'l'exploitation et le développement des 3 domaines skiables d'Avoriaz, de La Rosière et de Valmorel, qu'il poursuit en partenariat avec la CDA qui détient 20 % du capital de chacune des sociétés exploitantes.'echanges.dila.gouv.fr · courchevel.com |
| Courchevel (Les 3 Vallées) B | Courchevel, Savoie, France | S3V — Société des 3 Valléessociété d'économie mixte (SEM) operating under DSP; created 2000 at the initiative of the Conseil général de Savoie | Département de la Savoie (majority; historically ~50%), banks ~30%, commune of Courchevel ~10% (undated split) | 2000 | Public-majority mixed-economy company; Savoie in 2007 decided to sell part of its stake ('Savoie sells family jewels'), so the current split is unconfirmed. Les 3 Vallées is an Epic alliance partner 2026/27. Pass: Epic.lesepl.fr · pistehors.com · sec.gov |
| Alpe d'Huez / Les 2 Alpes / La Grave B | Huez / Les Deux Alpes / La Grave, Isère & Hautes-Alpes, France | SATA Group (Société d'Aménagement Touristique de l'Alpe d'Huez)société anonyme registered in Huez operating the lifts under public-service delegations | SATA Group SA (share capital €21,744,632); shareholder breakdown not found | Les 2 Alpes from Dec 2020 | Manages l'Alpe d'Huez, Les Deux Alpes and La Grave; Jandri project at Les Deux Alpes is a €148M investment. Les 2 Alpes left Compagnie des Alpes on 1 Dec 2020 (CDA shareholder guide).societe.com · iloveski.org · espace-actionnaires.compagniedesalpes.com |
| Chamonix Mont-Blanc (Grands Montets, Brévent-Flégère, Aiguille du Midi, Montenvers), Les Houches, Saint-Gervais, Vallorcine A | Chamonix valley, Haute-Savoie, France | Compagnie du Mont-Blanc SAoperates ski areas and excursion sites 'within the framework of public service delegations' for Chamonix, Saint-Gervais, Les Houches and Vallorcine | Compagnie du Mont-Blanc SA (share capital €6,885,554.16; has its own shareholders' club); Compagnie des Alpes historically ~37.5% (unconfirmed now) | Mission-driven company (entreprise à mission) since Nov 2023; subsidiary Maison des Drus runs 14 high-altitude F&B outlets; diversifying into hotels. Chamonix is NOT in CDA's Jan 2026 list of its 11 mountain areas. Pass: Ikon (not verified here).compagniedumontblanc.fr · compagniedumontblanc.fr · zonebourse.com | |
| Megève (Rochebrune, Mont d'Arbois, Le Jaillet) C | Megève, Haute-Savoie, France | Société des Remontées Mécaniques de Megève (subsidiary of Compagnie du Mont-Blanc)lift operator under DSP; the former commune-majority SEM was sold by the commune in 2015 to Mont-Blanc et Compagnie, a Compagnie du Mont-Blanc subsidiary | Compagnie du Mont-Blanc SA | 2015 | 1999 merger of local operators created the SEM des remontées mécaniques de Megève, majority-owned by the commune; 2015 the commune sold its stake to Mont-Blanc et Compagnie (CMB subsidiary). (search-snippet only; exact page not pinned.)remontees-mecaniques.net |
| LAAX (Flims Laax Falera) A | Laax / Flims / Falera, Graubünden, Switzerland | Weisse Arena Bergbahnen AG (100% of Weisse Arena Gruppe / Weisse Arena AG)privately held (unlisted) operator; since 2005 the snowmaking and piste infrastructure sits in Finanz Infra AG, which Weisse Arena leases; Sept 2025 plan: Finanz Infra AG buys ALL on-mountain infrastructure (lifts, stations, 11 restaurants) for CHF 94.5M and leases it back to Weisse Arena on an open-ended lease | Weisse Arena AG (privately held). Finanz Infra AG today: Flims, Laax, Falera municipalities 67%, Trin 8%, Weisse Arena AG 25%; planned: Flims 40%, Laax 40%, Falera 20% | 1962 (first investments) · CHF 94.5M planned infrastructure purchase by the municipalities' Finanz Infra AG (CHF 32M equity, CHF 20M Weisse Arena loan, CHF 42.5M debt) | Municipal presentation (Sept 2025): 'Internationale Tourismuskonzerne haben Interesse an einem Kauf der Weissen Arena Gruppe gezeigt. Vail Resorts hat sein Interesse in den Medien bekräftigt (NZZ, 13.9.2025).' Financing is subject to a municipal vote; outcome not confirmed here.laax-gr.ch |
| Arosa Lenzerheide (Arosa side) A | Arosa, Graubünden, Switzerland | Arosa Bergbahnen AGunlisted shareholder AG; municipality of Arosa is the largest single shareholder (19.1%); Lenzerheide side run by the separate Lenzerheide Bergbahnen AG | Gemeinde Arosa 19.1% (largest holder); remainder dispersed | 2023/24 best year in company history: revenue CHF 36.224M, EBITDA CHF 13.487M (37.2% margin), profit CHF 1.970M; dividend CHF 4.00/share (CHF 625,000 total). Planned Hörnli redevelopment CHF 55M (2026–27). 1.403M winter first-entries in Arosa Lenzerheide (+9.3%).arosalenzerheide.swiss · snowindustrynews.com | |
| Saas-Fee / Saastal C | Saas-Fee, Valais, Switzerland | Saastal Bergbahnen AGunlisted shareholder AG; recapitalised by outside investors after a shareholder battle | proposed split (SRF, undated): an Austrian lift-investment group 29%; a private investor 23%; Gemeinde Saas-Fee + Saastal Tourismus 21%; others 27% | SRF headline: 'Bergbahnen Saastal: Jetzt übernehmen Österreicher das Zepter'; Blick: 'Österreicher rettet Walliser Bergbahnen'. Current final cap table not confirmed.srf.ch · srf.ch · blick.ch | |
| Davos Klosters (Parsenn, Jakobshorn, Gotschna, Madrisa, Pischa, Rinerhorn) C | Davos / Klosters, Graubünden, Switzerland | Davos Klosters Bergbahnen AGunlisted AG formed by merging the Parsenn, Jakobshorn, Gotschna, Madrisa, Pischa and Rinerhorn lift companies and Fun Mountain Holidays | shareholder structure not found | Merger reported by markt-kom ('Department launches mountain railway merger'). Majority shareholder not confirmed.markt-kom.com | |
| Gstaad (Bergbahnen Destination Gstaad) C | Gstaad / Saanen and six other municipalities, Bern & Vaud, Switzerland | Bergbahnen Destination Gstaad AG (BDG)unlisted AG; the only trans-regional lift company in the area, spanning seven municipalities | municipal stakes (incl. Saanen) not confirmed | Glacier 3000 (Les Diablerets) is a separate company.gstaad.ch | |
| KitzSki (Kitzbühel–Kirchberg) B | Kitzbühel / Kirchberg, Tyrol, Austria | Bergbahn AG Kitzbühel (KitzSki)unlisted AG operating 58 lifts / 233 km of piste; close financial ties to the Stadtgemeinde Kitzbühel (state audit report) | Alpin Unlimited (subsidiary of US investment firm LongRange Capital) 31.85% since June 2024; remaining holders incl. Stadtgemeinde Kitzbühel (stake not confirmed) | 2024-06 (Alpin Unlimited stake) | schneehoehen.de 05.06.2024: 'Alpin Unlimited, eine Tochtergesellschaft des US-Investmentunternehmen LongRange Capital, hat einen Anteil von 31,85 % an der Bergbahn Aktiengesellschaft Kitzbühel (KitzSki) erworben' — described as 'Minderheitsinvestor'. Alpin Unlimited was set up for long-term partnerships with ski areas across Europe. Pass: Ikon (not verified here).schneehoehen.de · tirol.gv.at |
| St. Anton am Arlberg (Ski Arlberg) C | St. Anton / St. Christoph am Arlberg, Tyrol, Austria | Arlberger Bergbahnen AGunlisted AG seated in Innsbruck, founded 1937 as Bergbahn AG St. Anton am Arlberg | shareholders not confirmed; company register shows Arlberger Bergbahnen AG and Gemeinde St. Anton a.A. as co-shareholders in a related company | 1937 | Ski Arlberg is an Epic alliance partner for 2026/27 per Vail's FY2026 10-K. Pass: Epic.austria-forum.org · evi.gv.at · sec.gov |
| Ischgl / Samnaun (Silvretta Arena) C | Ischgl, Tyrol, Austria / Samnaun, Graubünden, Switzerland | Silvrettaseilbahn AGunlisted AG founded 1963; reported as majority-owned by the municipalities; holds 53% of the Samnaun lift operator in Switzerland | municipal majority (exact stakes not found) | 1963 | Not to be confused with Silvretta Montafon (Vorarlberg), which IS an Epic partner. Wirtschaftsforum profile calls Ischgl the 'Ferrari der Skigebiete'.wirtschaftsforum.de · wandernundmehr.at |
| Sölden (Ötztal glaciers, Giggijoch, Gaislachkogl) A | Sölden, Ötztal, Tyrol, Austria | Bergbahnen Sölden (Ötztaler Gletscherbahn GmbH & Co KG, Skiliftgesellschaft Sölden-Hochsölden and a third company)family-held, owner-managed group of three companies; glacier and lift operations | Bergbahnen Sölden Beteiligungs-GmbH (family-held) | Company: 'We are not an anonymous company, but owner-managed.' Also owner or shareholder in AREA47, Bergbahnen Hochoetz, the Aqua Dome and Hotel Das Central. Epic alliance partner 2026/27. Pass: Epic.bergbahnen.soelden.com · evi.gv.at · sec.gov | |
| Saalbach Hinterglemm Leogang Fieberbrunn (Skicircus) C | Saalbach-Hinterglemm, Salzburg, Austria | Bergbahnen Saalbach-Hinterglemm (BBSH) and partner companiesBBSH is held 50/50 by two local lift companies (Saalbacher and Hinterglemmer Bergbahnen); Hinterglemmer Bergbahnen has 29 shareholders | local shareholder companies (names of the two parents not confirmed) | Epic alliance partner 2026/27 (Vail 10-K: 'Saalbach'). Leogang and Fieberbrunn lifts are separate companies. Pass: Epic.snowindustrynews.com · sec.gov | |
| Kitzsteinhorn / Maiskogel (Kaprun) B | Kaprun, Salzburg, Austria | Gletscherbahnen Kaprun AGunlisted AG established 1963, operating the Kitzsteinhorn glacier, Maiskogel and Lechnerberg | founded by Tauernkraftwerke AG (now part of the Verbund group), the municipality of Kaprun and the State of Salzburg; current split not retrieved | 1963 | Zell am See-Kaprun is an Epic alliance partner for 2026/27. Pass: Epic.kitzsteinhorn.at · kitzsteinhorn.at · sec.gov |
| Schmittenhöhe (Zell am See) C | Zell am See, Salzburg, Austria | Schmittenhöhebahn AGunlisted AG; holds Schmittenhöhe-Service GmbH (& Co KG) | shareholders not confirmed | AGM May 2026 held at the Ferry Porsche Congress Center. EMAS-certified. Part of the Zell am See-Kaprun Epic alliance. Pass: Epic.schmitten.at · evi.gv.at | |
| St. Johann in Tirol A | St. Johann in Tirol, Austria | St. Johanner Bergbahnen GmbHGmbH; SkiStar held 68% (via a EUR 10M rights issue, c. 2016) and sold it — completed 14 Jan 2022 — to Johanner Bergbahnen Beteiligungs GmbH | Johanner Bergbahnen Beteiligungs GmbH ~68%; Marktgemeinde St. Johann ~14%; Tourismusverband ~11% (local press) | 2022-01-14 · SkiStar booked a SEK 116M negative earnings effect; received EUR 15M against a EUR 19.5M shareholder loan | SkiStar: sale was 'one step in SkiStar's strategy to fully focusing on the Scandinavian market'. Buyer replaced the earlier-named purchaser (Schultz Gruppe). SkiStar now has no Alpine resort.investor.skistar.com · mynewsdesk.com · tt.com |
| Courmayeur Mont Blanc A | Courmayeur, Aosta Valley, Italy | Courmayeur Mont Blanc Funivie S.p.A. (CMBF)lift company controlled by the regional finance company | Finaosta S.p.A. (in-house company of the Regione Autonoma Valle d'Aosta): held 33.7% and bought CDA's 29.8% in May 2010 (→ ~63.5%) | 2010-05-17 · ~€1.5M for CDA's 29.8% | CDA release: sale 'à la société Finaosta, détenue par la région du Val d'Aoste (Italie), et d'ores et déjà actionnaire à hauteur de 33,7 % de CMBF.' CDA had entered CMBF in 1996. Skyway Monte Bianco is a separate company.echanges.dila.gouv.fr · echanges.dila.gouv.fr |
| Breuil-Cervinia / Valtournenche (Cervino Ski Paradise) C | Breuil-Cervinia, Aosta Valley, Italy | Cervino S.p.A.lift company of Cervino Ski Paradise, linked to Zermatt | shareholders not confirmed (regional Finaosta involvement unverified) | Corporate bodies renewed by the shareholders' meeting (scimagazine). Cross-border Matterhorn ski area with Zermatt Bergbahnen.scimagazine.it | |
| Zugspitze / Garmisch-Classic C | Garmisch-Partenkirchen, Bavaria, Germany | Bayerische Zugspitzbahn Bergbahn AGAG formed 1998 by merging Bayerische Zugspitzbahn AG and Wank-Bahn AG; municipal-majority | Markt Garmisch-Partenkirchen / Gemeindewerke Garmisch-Partenkirchen (main shareholder — sources differ on which entity holds it) | 1998 | Runs the Zugspitze cogwheel railway and cable cars plus the Garmisch-Classic area; Wank skiing discontinued 2002; new Zugspitzbahn station completed Dec 2020.zugspitze.de · wandernundmehr.at |
| Pralognan-la-Vanoise A | Pralognan-la-Vanoise, Savoie, France | Compagnie des Alpes (operating subsidiary)DSP from the commune | Compagnie des Alpes | The 11th of CDA's 'domaines de montagne' in its Jan 2026 regulated release (with La Plagne, Les Arcs, Peisey-Vallandry, Tignes, Val d'Isère, Les Menuires, Méribel, Serre Chevalier, Flaine, Samoëns–Morillon–Sixt).echanges.dila.gouv.fr | |
| La Rosière (Espace San Bernardo) A | Montvalezan, Savoie, France | La Rosière lift-operating company (Sofival group)operator under DSP; Sofival-led with CDA as 20% partner | Sofival group (family-held company) ~80%; Compagnie des Alpes 20% | Sofival 2023: develops 'les 3 domaines skiables d'Avoriaz, de La Rosière et de Valmorel ... en partenariat avec la CDA qui détient 20 % du capital de chacune des sociétés exploitantes.'echanges.dila.gouv.fr | |
| Valmorel (Grand Domaine) A | Les Avanchers-Valmorel, Savoie, France | Valmorel lift-operating company (Sofival group)operator under DSP; Sofival-led with CDA as 20% partner | Sofival group (family-held company) ~80%; Compagnie des Alpes 20% | Same Sofival/CDA structure as Avoriaz and La Rosière (Sofival regulated release, 13 Jul 2023).echanges.dila.gouv.fr | |
| Disentis A | Disentis/Mustér, Graubünden, Switzerland | Disentis lift company (independent of Vail)connected to Vail's Andermatt-Sedrun but 'independently owned' | not identified | Vail FY2026 10-K: Andermatt-Sedrun has 'connected access to independently owned Disentis'; Disentis Ski Area is an Epic alliance partner for 2026/27. Pass: Epic.sec.gov | |
| Grindelwald–Männlichen (Männlichen gondola / Eiger Express link) A | Grindelwald, Bern, Switzerland | Gondelbahn Grindelwald-Männlichen AGseparate unlisted AG; Jungfraubahn Holding is an associate shareholder | Jungfraubahn Holding AG 34.8% of votes (2017); other holders not identified | Listed in JBH 2017 annual report notes under 'Abweichende Stimmrechte zu Beteiligungen in Prozenten' at 34.8%. Part of the V-Bahn terminal at Grindelwald Grund (Grindelwald Grund Infrastruktur AG, JBH 80%).jungfrau.ch | |
| Mürren / Lauterbrunnen (access railway) A | Lauterbrunnen / Mürren, Bern, Switzerland | Bergbahn Lauterbrunnen-Mürren AG (Jungfraubahn group)access railway; JBH holds 94%; the Schilthorn ski lifts are run by a separate company (not verified) | Jungfraubahn Holding AG 94%; also Mürrenbahn AG and Parkhaus Lauterbrunnen AG 100% | JBH 2017: Bergbahn Lauterbrunnen-Mürren AG, Interlaken, share capital CHF 1.8M, JBH vote 94%.jungfrau.ch | |
| Samnaun (Silvretta Arena, Swiss side) C | Samnaun, Graubünden, Switzerland | Samnaun lift company (53% Silvrettaseilbahn AG)Swiss operating company majority-held by the Austrian Ischgl lift company | Silvrettaseilbahn AG 53% | Cross-border Ischgl–Samnaun ski area; snippet-level source.wirtschaftsforum.de | |
| Mayrhofen (Penken, Ahorn, Rastkogel, Eggalm) C | Mayrhofen, Zillertal, Tyrol, Austria | Mayrhofner Bergbahnen AGunlisted AG | shareholders not found | 'Zillertal' is an Epic alliance partner for 2026/27 per Vail's FY2026 10-K. Pass: Epic.skiresort.info · sec.gov |
New Zealand & Australia · 29
| Ski area | Where | Owner / operator | Parent | Since · price | Notes · sources |
|---|---|---|---|---|---|
| Coronet Peak A | Queenstown, Otago, New Zealand | NZSki Ltdowner-operator of the ski area business; field on Crown/DOC-administered land under concession (not stated on source) | NZSki Ltd (Queenstown family-held company) | 2002 | NZSki: 'owner and operator of three distinctively different South Island ski areas; Coronet Peak, Mt Hutt and The Remarkables'. Bought from Air New Zealand (Mount Cook Group) in 2002. Dec 2025 strategic partnership (not ownership) with China's Sunac-BonSki. Pass: Ikon (one combined destination; no on-site fulfilment) + NZSki 3 Peak Pass.nzski.com · coronetpeak.co.nz · tourismticker.com · secure.businesswire.com |
| The Remarkables A | Queenstown, Otago, New Zealand | NZSki Ltdowner-operator; concession land | NZSki Ltd (Queenstown family-held company) | 2002 | Purchased from Air New Zealand in 2002 per the resort's trade page. NBR: NZSki plans a NZ$150m, 262-hectare expansion of the ski basin, lodged under the fast-track approvals process. Pass: Ikon (one combined destination; no on-site fulfilment) + NZSki 3 Peak Pass.theremarkables.co.nz · nbr.co.nz · secure.businesswire.com |
| Mt Hutt A | Methven, Canterbury, New Zealand | NZSki Ltdowner-operator; concession land | NZSki Ltd | 2002 | Third NZSki field. Superpass now covers 10 NZ ski areas through reciprocal partners (Ausleisure). Pass: Ikon (one combined destination; no on-site fulfilment) + NZSki 3 Peak Pass.mthutt.co.nz · ausleisure.com.au · secure.businesswire.com |
| Cardrona Alpine Resort A | Cardrona Valley, Wanaka, Otago, New Zealand | Cardrona Alpine Resort Limitedowner and operator of the ski field (Commerce Commission) | Real Group Limited (RealNZ, formerly Real Journeys / Wayfare Group) | Cardrona T&Cs: Cardrona Alpine Resort and Treble Cone are 'wholly owned subsidiaries of Real Group Limited'. ComCom 2019: Cardrona 'part of the Wayfare group of companies'. RealNZ April 2022 private capital raise brought in investors incl. Milford Asset Management. Pass: none (Cardrona/Treble Cone pass; not in Ikon 2026/27 NZ list).cardrona-treblecone.com · comcom.govt.nz · wanakaapp.nz | |
| Treble Cone A | Wanaka, Otago, New Zealand | Treble Cone Investments Limitedowner-operator of the ski area business | Real Group Limited (RealNZ) via Cardrona Alpine Resort Limited | 2019/2020 · NZ$7m offer reported (NZ Herald/ODT) | Commerce Commission granted Cardrona clearance in Dec 2019 to acquire Treble Cone Investments Ltd; operations and marketing merged from 2020. Pass: none (Cardrona/Treble Cone pass; not in Ikon 2026/27 NZ list).comcom.govt.nz · treblecone.com · odt.co.nz |
| Whakapapa A | Mt Ruapehu, Tongariro National Park, New Zealand | Whakapapa Holdings 2024 Limited (WHL)operator under 10-year DOC concession from 1 May 2025; national park land | Whakapapa Holdings 2024 Limited (shareholders not found) | 2025 | Bought Whakapapa assets from Ruapehu Alpine Lifts (in liquidation) under a conditional S&P requiring a concession by 30 April 2025; DOC decision letter 28 April 2025. Ngāti Tūwharetoa holds RAL bonds totalling NZ$9.5m and opposed commercial sale; DOC must consult iwi.doc.govt.nz · rnz.co.nz · dxcprod.doc.govt.nz |
| Tūroa A | Mt Ruapehu, Ohakune, Tongariro National Park, New Zealand | Pure Tūroa Limitedoperator under 10-year DOC concession granted 6 April 2024; national park land | Pure Tūroa Limited (locally owned company) | 2024 | RAL went into voluntary administration (late 2022) and liquidation 21 June 2023 (PwC liquidators); its assets were split: Whakapapa to WHL (north), Tūroa to Pure Tūroa (south). Pure Tūroa says it is independent of Whakapapa.pureturoa.nz · rnz.co.nz · kingcountrynews.co.nz |
| Perisher A | Kosciuszko National Park, NSW, Australia | Vail Resorts, Inc.lease and licence of national-park land granted by the NSW Minister (Office of Environment and Heritage) from 2008, expiring June 2048 with a 20-year renewal option; Skitube railway included | Vail Resorts, Inc. (NYSE: MTN) | 2015 | 10-K FY2026: Perisher pays minimum base rent, turnover rent on a percentage of gross revenue and remits park user fees; Perisher Valley car-park lease expired 31 Dec 2025, now month-to-month pending successor agreement. Pass: Epic.sec.gov |
| Falls Creek A | Alpine National Park, Victoria, Australia | Vail Resorts, Inc.long-term leases on Crown land reserved under Crown Land (Reserves) Act 1978 (Vic), granted 1991 under the Alpine Resorts (Management) Act; Alpine Resorts Victoria now the resort manager | Vail Resorts, Inc. (NYSE: MTN) | April 2019 | 10-K: leases 'granted by the Governor of the State of Victoria… which initially commenced in 1991 and 1992' for Falls Creek and Hotham, assumed on acquisition in April 2019. Pass: Epic.sec.gov |
| Mt Hotham A | Alpine National Park, Victoria, Australia | Vail Resorts, Inc.long-term leases from 1992 on Crown reserve, except three small freehold parcels within the resort area | Vail Resorts, Inc. (NYSE: MTN) | April 2019 | 10-K: Hotham operates on Crown land 'with the exception of three small parcels of freehold land within the Hotham resort area'. Pass: Epic.sec.gov |
| Thredbo A | Kosciuszko National Park, NSW, Australia | Kosciuszko Thredbo Pty Limitedhead lease of the whole Thredbo resort from NSW National Parks, expiring 28 June 2057; manages 700+ subleases | EVT Limited (ASX: EVT) | EVT: 'EVT has the Head Lease to the entire Thredbo Resort and manages over 700 subleases'. NSW title search lists lease to Kosciuszko Thredbo Pty Limited expiring 28/6/2057. Pass: Ikon (Base Pass add-on via Thredbo season pass).evt.com · nswlrs.com.au · cdn.thredbo.com.au · secure.businesswire.com | |
| Charlotte Pass Snow Resort B | Kosciuszko National Park, NSW, Australia | Blyton Groupowner-operator of the resort business inside the national park | Blyton Group (family-held company) | 2007 | Ausleisure/Wikipedia: Blyton Group owns Charlotte Pass (bought 2007) and Selwyn.ausleisure.com.au · en.wikipedia.org |
| Selwyn Snow Resort B | Kosciuszko National Park, NSW, Australia | Blyton Groupowner-operator | Blyton Group (family-held company) | 2016 | Destroyed in the 2019-20 bushfires, closed 2020-21; rebuilt and reopened. Ausleisure: Blyton Group purchased Selwyn in 2016.ausleisure.com.au · snownews.com.au |
| Mt Baw Baw A | Mount Baw Baw Alpine Resort, Victoria, Australia | Alpine Resorts Victoriastate statutory body runs the resort and lifts on Crown land | State of Victoria | 2022 | ARV replaced the four Alpine Resort Management Boards on 1 Oct 2022. ARV has called for expressions of interest from commercial operators for Mt Baw Baw and Lake Mountain after failing to turn profits; Aug 2026 Gazette: future unclear. 2026 lifts closed early.alpineresorts.vic.gov.au · thegazette.com.au · snowstash.com |
| Mt Buller A | Mount Buller Alpine Resort, Victoria, Australia | Buller Ski Lifts Pty Ltdowns and operates the lift network (22 lifts) on Crown alpine-resort land managed by Alpine Resorts Victoria; lease terms not confirmed | Grollo Group (family-held property, tourism and investment company) | 1993 (current lift company formed) | Grollo Group site: Buller Ski Lifts is 'a private company that owns and operates Victoria's largest lifting network of 22 lifts'. SnowBrains snippet mentions a 73-year lease secured by Grollo Group; landlord not shown in snippet. Pass: Ikon (Base Pass days via Thredbo season pass).grollogroup.com.au · mtbuller.com.au · snowbrains.com |
| Lake Mountain A | Lake Mountain Alpine Resort, Victoria, Australia | Alpine Resorts Victoriastate statutory manager of the resort (cross-country/snow play) on Crown land | State of Victoria | 2022 | ARV has sought expressions of interest from commercial operators for Lake Mountain and Mt Baw Baw.alpineresorts.vic.gov.au |
| Mt Dobson B | Fairlie, Mackenzie District, Canterbury, New Zealand | Mt Dobson Ski Field Ltdfamily-held owner-operator of the ski field business | Mt Dobson Ski Field Ltd | c.1979 (45 years of ownership per 2025 listing) · listed 2025 at ~NZ$2.8m-3m | Business listed for sale by negotiation in 2025 (Bayleys) after 45 years in one ownership; no completed sale found.mtdobson.co.nz · canterbury.bayleys.co.nz · snowindustrynews.com |
| Ōhau Snow Fields B | Lake Ōhau, Waitaki District, Canterbury, New Zealand | privately owned company (with Lake Ōhau Lodge)owner-operator; one group owns both the lodge and snowfield | not found | Ōhau history page: 'The ski company took over the Lodge and one group once again owned the Lodge and snowfield'; page also records the area's Ngāi Tahu traditions. Lodge + snowfield marketed for sale in 2023; outcome not found.ohau.co.nz · bosshunting.com.au | |
| Porters B | Arthur's Pass road (SH73), Canterbury, New Zealand | Porters Ski Area Limitedowner-operator; Overseas Investment Office approvals noted for foreign shareholders | not confirmed (2012: Australian and Russian investors) | 2006 | Formerly Porter Heights; sold in 2006 to investment company Blackfish Limited and renamed Porters Ski Area Ltd (Lincoln Univ. archive). 2012 report: owned by a group of Australian and Russian investors after OIO approvals. Current shareholders not confirmed.researcharchive.lincoln.ac.nz · worldsnowboardguide.com · newzealand.com |
| Mt Cheeseman B | Craigieburn Range, Canterbury, New Zealand | Mt Cheeseman Ski Clubclub-owned and operated; conservation land under DOC concession is the usual NZ club-field model (not confirmed for this field this run) | member club | Selwyn District source: Temple Basin, Broken River, Craigieburn, Cheeseman and Mt Olympus are 'owned and operated by ski clubs'.selwynstories.selwynlibraries.co.nz · mtcheeseman.co.nz | |
| Craigieburn Valley A | Craigieburn Range, Canterbury, New Zealand | Craigieburn Valley Ski Clubclub-owned and operated (club est. 1954); conservation land under DOC concession is the usual NZ club-field model (not confirmed for this field this run) | member club | Club site: 'The road, all the facilities on the field and around the huts have been built and maintained by club members' efforts.'craigieburn.co.nz · selwynstories.selwynlibraries.co.nz | |
| Broken River A | Craigieburn Range, Canterbury, New Zealand | Broken River Ski Clubclub-owned and operated; conservation land under DOC concession is the usual NZ club-field model (not confirmed for this field this run) | member club | Site: 'one of NZ's unique "Club" fields, but anyone can ski here'; voted NZ's best club ski area 2023.brokenriver.co.nz · selwynstories.selwynlibraries.co.nz | |
| Temple Basin B | Arthur's Pass National Park, Canterbury, New Zealand | Temple Basin Ski Clubclub-owned and operated inside a national park; conservation land under DOC concession is the usual NZ club-field model (not confirmed for this field this run) | member club | Owner per Selwyn District source; club site returned 403 to robots.txt so not read.selwynstories.selwynlibraries.co.nz | |
| Mt Olympus A | Craigieburn Range (Lake Ida), Canterbury, New Zealand | Windwhistle Winter Sports Club Inc.incorporated club owns and runs the field; conservation land under DOC concession is the usual NZ club-field model (not confirmed for this field this run) | member club | Site footer: '© Windwhistle Winter Sports Club Inc.'; 'a remote, club-run ski field'.mtolympus.co.nz · selwynstories.selwynlibraries.co.nz | |
| Rainbow A | near St Arnaud, Marlborough/Nelson Lakes, New Zealand | Rainbow Sports Clubclub-run and maintained | member club | Site: 'Run and maintained by the Rainbow Sports Club, you don't need to be a member to ski here'.skirainbow.co.nz | |
| Mt Lyford C | Hurunui District, North Canterbury, New Zealand | Mt Lyford Alpine Resort (family-operated business; company name not found)family-run commercial field | not found | Described as a family business; RNZ reported the field for sale in 2008; no later sale confirmed.visithurunui.co.nz · newzealand.com | |
| Hanmer Springs Ski Area C | Mt St Patrick, Hanmer Springs, Canterbury, New Zealand | Amuri Ski Clubclub field run by the club | member club | Club field 17 km from Hanmer Springs village. skihanmer.co.nz robots.txt names anthropic-ai, so the owner site was not read.christchurchnz.com | |
| Awakino C | Waitaki Valley (near Kurow), Otago, New Zealand | Waitaki Ski Club (not confirmed this run)club field | member club | No source confirmed the operator this run; awakino.com did not respond. | |
| Roundhill C | Lake Tekapo, Mackenzie District, Canterbury, New Zealand | Roundhill Ski Area (commercial operator; owning company not found)commercial field | not found | Described as a commercial (non-club) field; owner not identified in any source found this run; site is JavaScript-rendered.powderhounds.com |
United States & rest of world · 80
| Ski area | Where | Owner / operator | Parent | Since · price | Notes · sources |
|---|---|---|---|---|---|
| Vail Mountain A | Vail, CO, US | Vail Resorts, Inc.Vail owns base buildings/lifts; 12,353 acres on National Forest under USFS Term Special Use Permit expiring 1 Dec 2031 | Vail Resorts, Inc. (NYSE: MTN) | 1962 (company's founding resort) | 10-K: SUP fee to the Forest Service ranges 1.5%-4.0% of adjusted gross revenue across Vail's Forest Service Resorts. Pass: Epic.sec.gov |
| Beaver Creek A | Avon, CO, US | Vail Resorts, Inc.owns resort base/village assets; 3,801 acres under USFS SUP expiring 8 Nov 2039 (a majority of the ski terrain) | Vail Resorts, Inc. (NYSE: MTN) | 1980 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Breckenridge A | Breckenridge, CO, US | Vail Resorts, Inc.owns lifts/base assets; 5,702 acres under USFS SUP expiring 31 Dec 2029 | Vail Resorts, Inc. (NYSE: MTN) | 1997 | Acquired with Keystone and Arapahoe Basin in 1997 (Ralston Resorts); Arapahoe Basin later divested. Pass: Epic.sec.gov |
| Keystone A | Keystone, CO, US | Vail Resorts, Inc.owns resort/base assets; 8,376 acres under USFS SUP expiring 31 Dec 2032 | Vail Resorts, Inc. (NYSE: MTN) | 1997 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Crested Butte A | Mt. Crested Butte, CO, US | Vail Resorts, Inc.owns base buildings and land; 4,350 acres under USFS SUP expiring 27 Sep 2058 | Vail Resorts, Inc. (NYSE: MTN) | 2018 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Park City Mountain A | Park City, UT, US | Vail Resorts, Inc.8,900 acres leased from Talisker (lease expires May 2063, six 50-year renewal options); 220 acres owned | Vail Resorts, Inc. (NYSE: MTN) | 2014 | 10-K: 'The initial lease term for the Park City resort with Talisker expires in May 2063. Following the initial lease term expiration, we have six 50-year renewal options.' Pass: Epic.sec.gov |
| Heavenly A | South Lake Tahoe, CA/NV, US | Vail Resorts, Inc.7,050 acres under USFS SUP expiring 1 May 2042 | Vail Resorts, Inc. (NYSE: MTN) | 2002 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Northstar California A | Truckee, CA, US | Vail Resorts, Inc.7,200 acres leased from affiliates of EPR Properties; initial lease term expires Jan 2027 with three 10-year renewal options | Vail Resorts, Inc. (NYSE: MTN) | 2010 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Kirkwood A | Kirkwood, CA, US | Vail Resorts, Inc.owns base assets; 2,330 acres under USFS SUP expiring 1 Mar 2052 | Vail Resorts, Inc. (NYSE: MTN) | 2012 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Stevens Pass A | Skykomish, WA, US | Vail Resorts, Inc.owns base assets; 2,443 acres under USFS SUP expiring 31 Aug 2058 | Vail Resorts, Inc. (NYSE: MTN) | 2018 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Stowe A | Stowe, VT, US | Vail Resorts, Inc.owns resort; 1,400 acres on Mount Mansfield leased from the State of Vermont | Vail Resorts, Inc. (NYSE: MTN) | 2017 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Okemo A | Ludlow, VT, US | Vail Resorts, Inc.owns resort; 1,223 acres leased from the State of Vermont | Vail Resorts, Inc. (NYSE: MTN) | 2018 | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Mount Snow A | West Dover, VT, US | Vail Resorts, Inc.owns resort; 894 acres under USFS SUP expiring 4 Apr 2047 | Vail Resorts, Inc. (NYSE: MTN) | 2019 (Peak Resorts) | Came with the Peak Resorts acquisition (2019), which added 17 ski areas. Pass: Epic.sec.gov |
| Hunter Mountain A | Hunter, NY, US | Vail Resorts, Inc.owned | Vail Resorts, Inc. (NYSE: MTN) | 2019 (Peak Resorts) | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Seven Springs A | Seven Springs, PA, US | Vail Resorts, Inc.owned | Vail Resorts, Inc. (NYSE: MTN) | 2021 | Acquired Dec 2021 with Hidden Valley and Laurel Mountain (Laurel on land leased from the State of Pennsylvania). Pass: Epic.sec.gov |
| Andermatt-Sedrun A | Andermatt, Uri/Graubünden, Switzerland | Vail Resorts, Inc.resort assets owned/leased; ski terrain on land owned by Andermatt Swiss Alps AG, Ursern Corporation (public-law corporation of the valley's citizens), municipality of Tujetsch, the Swiss Confederation and private landowners | Vail Resorts, Inc. (NYSE: MTN) | 2022 (3 Aug) | Five mountains: Gemsstock, Nätschen, Sedrun/Oberalp, Realp, Valtgeva. Pass: Epic.sec.gov |
| Crans-Montana Mountain Resort A | Crans-Montana, Valais, Switzerland | Vail Resorts, Inc.84% owned operating company (CMA); municipalities of Crans-Montana (~9.47%) and Lens (~3.33%) also hold stakes | Vail Resorts, Inc. (NYSE: MTN) | 2024 (May) | Listed in Vail Resorts FY2026 Form 10-K (fiscal year ended 31 Jul 2026) property table. Pass: Epic.sec.gov |
| Steamboat A | Steamboat Springs, CO, US | Alterra Mountain Companyowner-operator (land tenure not stated in Alterra sources) | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017 (via Intrawest purchase) | One of Alterra's founding 12 destinations (Jan 2018 release). Pass: Ikon.alterramtn.co · alterramtn.co |
| Winter Park B | Winter Park, CO, US | Alterra Mountain Companyoperator; resort owned by the City and County of Denver (per reporting, not stated in Alterra release) | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017 (via Intrawest purchase) | Founding Alterra destination. A 2026 trade listing describes it as 'Operated by Alterra, owned by the City of Denver'. Pass: Ikon.alterramtn.co · alterramtn.co · unofficialnetworks.com |
| Arapahoe Basin A | Dillon, CO, US | Alterra Mountain Companyowner-operator (land tenure not stated in release) | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2024 (closed 19 Nov 2024) | Release: over 27 years A-Basin expanded to 1,428 acres; joined Ikon in 2019 before the purchase. Previously Vail-owned (1997-), then sold to a Canadian owner. Pass: Ikon.alterramtn.co · alterramtn.co |
| Palisades Tahoe A | Olympic Valley, CA, US | Alterra Mountain Companyowner-operator (land tenure not stated) | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | KSL Capital Partners owned Squaw Valley Alpine Meadows before Alterra's 2017 formation | Formerly Squaw Valley Alpine Meadows; KSL affiliates were its owners when Alterra was formed. Pass: Ikon.alterramtn.co · alterramtn.co |
| Mammoth Mountain A | Mammoth Lakes, CA, US | Alterra Mountain Companyowner-operator (land tenure not stated in Alterra sources) | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017 (Mammoth Resorts purchase) | Alterra was created when KSL and Henry Crown affiliates bought Intrawest, Mammoth Resorts and Deer Valley in 2017. Pass: Ikon.alterramtn.co · alterramtn.co |
| June Mountain A | June Lake, CA, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017 (Mammoth Resorts purchase) | Sister of Mammoth Mountain. Pass: Ikon.alterramtn.co · alterramtn.co |
| Big Bear Mountain Resort (Bear Mountain, Snow Summit) + Snow Valley A | Big Bear Lake, CA, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017; Snow Valley closed 20 Jan 2023 | Snow Valley release (Jan 2023): Snow Valley 'will join the operations of Big Bear Mountain Resort'. Pass: Ikon.alterramtn.co · alterramtn.co |
| Deer Valley Resort A | Park City, UT, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017 | Alterra has announced a major Deer Valley expansion at the centre of a US$400M capital plan; Deer Valley is a 2034 Olympic Winter Games venue. Pass: Ikon.alterramtn.co · alterramtn.co · alterramtn.co |
| Solitude Mountain Resort A | Big Cottonwood Canyon, UT, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2018 | Alterra 'closes acquisition of Solitude Mountain' release. Pass: Ikon.alterramtn.co · alterramtn.co |
| Stratton Mountain A | Stratton, VT, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017 (via Intrawest) | Founding Alterra destination. Pass: Ikon.alterramtn.co · alterramtn.co |
| Sugarbush Resort A | Warren, VT, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2020 | Alterra: Sugarbush took the company to 15 year-round destinations. Pass: Ikon.alterramtn.co · alterramtn.co |
| Snowshoe Mountain A | Snowshoe, WV, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2017 (via Intrawest) | Founding Alterra destination. Pass: Ikon.alterramtn.co · alterramtn.co |
| Crystal Mountain A | Enumclaw, WA, US | Alterra Mountain Companyowner-operator (operates on National Forest land; permit details not checked) | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2018 | Pass: Ikon.alterramtn.co · alterramtn.co |
| Schweitzer A | Sandpoint, ID, US | Alterra Mountain Companyowner-operator | KSL Capital Partners / Henry Crown and Company (affiliates; joint venture) | 2021 | Pass: Ikon.alterramtn.co · alterramtn.co |
| Snowbird A | Snowbird, UT, US | POWDRowner-operator (land tenure not stated on POWDR site) | POWDR (privately held, Park City, UT) | 2014 | POWDR's own news: 'Snowbird joins POWDR'. Listed among POWDR's 7 mountain resorts (site, 2026). Pass: Ikon.powdr.com · powdr.com |
| Copper Mountain A | Copper Mountain, CO, US | POWDRowner-operator (land tenure not stated on POWDR site) | POWDR (privately held, Park City, UT) | 2009 | Listed among POWDR's 7 mountain resorts (site, 2026). Pass: Ikon.powdr.com |
| Mt. Bachelor A | Bend, OR, US | POWDRowner-operator (land tenure not stated on POWDR site) | POWDR (privately held, Park City, UT) | 2001 | On POWDR's resort list (site, 2026). Reported Aug 2024 as put up for sale with Eldora and SilverStar; still listed by POWDR in 2026. Pass: Ikon.powdr.com · cpr.org |
| Eldora Mountain A | Nederland, CO, US | POWDRowner-operator (land tenure not stated on POWDR site) | POWDR (privately held, Park City, UT) | On POWDR's resort list (site, 2026); reported for sale Aug 2024. Pass: Ikon.powdr.com · cpr.org | |
| Boreal + Soda Springs A | Soda Springs, CA, US | POWDRowner-operator (land tenure not stated on POWDR site) | POWDR (privately held, Park City, UT) | Two small Donner Summit areas listed by POWDR (site, 2026). Pass: Ikon.powdr.com | |
| Killington + Pico B | Killington, VT, US | Killington Independence Group, LLCowner-operator | Killington Independence Group, LLC (16 local investors); POWDR keeps a minority stake and one board seat | 2024 (announced 22 Aug 2024) | POWDR sold Killington and Pico to a local passholder investor group; POWDR retains a minority stake and a board seat; both stay on Ikon. Largest resort in New England. Pass: Ikon.liftblog.com · wbur.org |
| Aspen Mountain A | Aspen, CO, US | Aspen Skiing Companyoperator on White River National Forest land under a USFS special use permit (company states it has operated under a SUP since Aspen Mountain opened in 1946) | Henry Crown and Company (family investment company; reported to have bought half in 1985 and the rest in 1993) | 1993 (full ownership) | Aspen Skiing Co. site: 'home to all four Aspen Snowmass mountains' is the White River National Forest. Aspen Snowmass sits on the Ikon Pass but is run by Aspen Skiing Company, not Alterra. Pass: Ikon.aspensnowmass.com |
| Snowmass A | Snowmass Village, CO, US | Aspen Skiing Companyoperator on White River National Forest land under a USFS special use permit (company states it has operated under a SUP since Aspen Mountain opened in 1946) | Henry Crown and Company (family investment company; reported to have bought half in 1985 and the rest in 1993) | 1993 (full ownership) | Aspen Skiing Co. site: 'home to all four Aspen Snowmass mountains' is the White River National Forest. Aspen Snowmass sits on the Ikon Pass but is run by Aspen Skiing Company, not Alterra. Pass: Ikon.aspensnowmass.com |
| Aspen Highlands A | Aspen, CO, US | Aspen Skiing Companyoperator on White River National Forest land under a USFS special use permit (company states it has operated under a SUP since Aspen Mountain opened in 1946) | Henry Crown and Company (family investment company; reported to have bought half in 1985 and the rest in 1993) | 1993 (full ownership) | Aspen Skiing Co. site: 'home to all four Aspen Snowmass mountains' is the White River National Forest. Aspen Snowmass sits on the Ikon Pass but is run by Aspen Skiing Company, not Alterra. Pass: Ikon.aspensnowmass.com |
| Buttermilk A | Aspen, CO, US | Aspen Skiing Companyoperator on White River National Forest land under a USFS special use permit (company states it has operated under a SUP since Aspen Mountain opened in 1946) | Henry Crown and Company (family investment company; reported to have bought half in 1985 and the rest in 1993) | 1993 (full ownership) | Aspen Skiing Co. site: 'home to all four Aspen Snowmass mountains' is the White River National Forest. Aspen Snowmass sits on the Ikon Pass but is run by Aspen Skiing Company, not Alterra. Pass: Ikon.aspensnowmass.com |
| Big Sky Resort C | Big Sky, MT, US | Boyne Resorts (Boyne USA, Inc.)owner-operator (land tenure not checked) | Boyne Resorts (family-held company, Boyne Falls, MI) | 1976 | Boyne's largest western resort. boyneresorts.com blocks ClaudeBot/anthropic-ai in robots.txt, so ownership is taken from reporting. Pass: Ikon.en.wikipedia.org |
| Brighton B | Brighton, UT, US | Boyne Resorts (Boyne USA, Inc.)owner-operator | Boyne Resorts | 1986 | Bought by Boyne in 1986; in March 2018 Boyne moved to 'outright ownership' of six resorts incl. Brighton (previously held under leases from CNL Lifestyle Properties). Pass: Ikon.kjzz.com |
| Sunday River B | Newry, ME, US | Boyne Resorts (Boyne USA, Inc.)owner-operator (converted long-term lease to full ownership in 2018) | Boyne Resorts | 2007 (from American Skiing Company) | Boyne bought Sunday River and Sugarloaf from American Skiing Company in 2007; leases converted to ownership in 2018. Pass: Ikon.mainebiz.biz · kjzz.com |
| Sugarloaf B | Carrabassett Valley, ME, US | Boyne Resorts (Boyne USA, Inc.)owner-operator (lease converted to ownership 2018) | Boyne Resorts | 2007 | Pass: Ikon.mainebiz.biz · kjzz.com |
| Loon Mountain B | Lincoln, NH, US | Boyne Resorts (Boyne USA, Inc.)operator; ownership of underlying assets moved from CNL to Boyne in the 2018 deal per reporting (unconfirmed) | Boyne Resorts | 2007 (operator) | Part of the 2018 Boyne purchase from Ski Resort Holdings (Och-Ziff/Oz Real Estate vehicle that had bought CNL's ski portfolio). Pass: Ikon.heraldnet.com |
| The Summit at Snoqualmie B | Snoqualmie Pass, WA, US | Boyne Resorts (Boyne USA, Inc.)owner-operator since 2018 purchase | Boyne Resorts | 2018 | Boyne bought six resorts incl. Snoqualmie in May 2018. Pass: Ikon.heraldnet.com |
| Purgatory Resort A | Durango, CO, US | Mountain Capital Partners (MCP)owner-operator (San Juan National Forest permit not checked) | Mountain Capital Partners (private, Durango, CO) | 2015 (MCP investment programme dates from 2015) | MCP site (2026): '3rd Largest U.S. Ski Resort Operator* (*by number of resorts)', 19 destinations worldwide, $9 lift tickets at all nine U.S. ski resorts for 2026/27. Pass: Power Pass (MCP's own).mcp.ski |
| Arizona Snowbowl B | Flagstaff, AZ, US | Mountain Capital Partners (MCP)operator on Coconino National Forest land (USFS permit; not checked) | Mountain Capital Partners | Named as MCP's Arizona holding and sister property to Lee Canyon. Pass: Power Pass.purgatory.ski | |
| Lee Canyon B | Mount Charleston, NV, US | Mountain Capital Partners (MCP)owner-operator | Mountain Capital Partners | 2023 (announced 13 Apr 2023; bought from POWDR) | MCP's 12th resort when bought; POWDR said it fit MCP's footprint. Pass: Power Pass.purgatory.ski · snowindustrynews.com |
| Brian Head Resort B | Brian Head, UT, US | Mountain Capital Partners (MCP)owner-operator | Mountain Capital Partners | Pass: Power Pass.snowindustrynews.com | |
| Jackson Hole Mountain Resort B | Teton Village, WY, US | Jackson Hole Mountain Resort (independent local ownership group)operator; ski terrain largely on Bridger-Teton National Forest under USFS permit (not checked here) | privately held local co-investor group (no company named in sources) | 2024 | Sold in 2024 by its owners of 1992-2024 to a group of local co-owners and select co-investors, per resort's own owners page and reporting; remains independent. Pass: Ikon / Mountain Collective.tetongravity.com |
| Sun Valley B | Sun Valley/Ketchum, ID, US | Sun Valley Companyowner-operator; Bald Mountain on Sawtooth National Forest land (permit not checked) | The Sinclair Companies (family-held, Salt Lake City; also own Snowbasin) | 1977 | When Sinclair sold its refining assets (HF Sinclair deal, 2021-22), reporting on the SEC filing said Sinclair would keep its hospitality business incl. Sun Valley. Pass: Epic (partner).boisedev.com |
| Snowbasin C | Huntsville, UT, US | Snowbasin Resort Companyowner-operator | The Sinclair Companies (family-held) | 1984 | Same owner as Sun Valley (per reporting). Pass: Epic (partner).boisedev.com |
| Alta Ski Area C | Alta, UT, US | Alta Ski Lifts Companyoperator on mixed private and Uinta-Wasatch-Cache National Forest land (permit details not checked) | Alta Ski Lifts Company (privately held) | 1938 (company founded) | Independent; skiers only. Pass: Ikon / Mountain Collective. |
| Telluride Ski Resort C | Telluride, CO, US | Telluride Ski & Golf Company (Telski)operator; much of the terrain on Grand Mesa, Uncompahgre and Gunnison National Forests under USFS permit (not checked) | privately held (Telski) | 2007 (current ownership) | Independent; sources found conflict on ownership details and are dated. Pass: Epic (partner, limited days).archives.durangotelegraph.com |
| Taos Ski Valley A | Taos Ski Valley, NM, US | Taos Ski Valley, Inc.owner-operator; most terrain on Carson National Forest under USFS permit (not checked) | privately held; certified B Corporation | 2013 | Ikon partner since winter 2018/19, not Alterra-owned. Alterra release: Taos was 'in the midst of a $300 million overhaul' and is 'the world's first certified ski resort B-Corporation'. Pass: Ikon (partner).alterramtn.co |
| Hakuba Happo-One A | Hakuba, Nagano, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)partial operator: NSD runs the gondola and 7 of 23 lifts; the other lifts are run by other local lift companies | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | NSD acquired Hakuba Resort Development in 2012 and began managing Happo-One, Iwatake and Tsugaike; rebranded under HAKUBA VALLEY in 2014. 200 ha, 760-2,831 m. Pass: Epic (Hakuba Valley partner; not confirmed in NSD source).nippon-ski.jp · nippon-ski.jp | |
| Hakuba Iwatake Snow Field A | Hakuba, Nagano, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)operator (1 gondola, 12 lifts) | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | Pass: Epic (Hakuba Valley partner; not confirmed in NSD source).nippon-ski.jp · nippon-ski.jp | |
| Tsugaike Mountain Resort A | Otari, Nagano, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)partial operator: gondola, ropeway and 9 of 18 lifts | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | Pass: Epic (Hakuba Valley partner; not confirmed in NSD source).nippon-ski.jp · nippon-ski.jp | |
| Kashimayari Ski Resort Family Park A | Omachi, Nagano, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)operator (8 lifts) via group company Kashimayari | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | Pass: Epic (Hakuba Valley partner; not confirmed in NSD source).nippon-ski.jp · nippon-ski.jp | |
| Ryuoo Ski Park A | Yamanouchi, Nagano, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)operator (11 lifts, ropeway) via group company Kitashiga Ryuoo | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | nippon-ski.jp · nippon-ski.jp | |
| Meiho Snow Resort A | Gujo, Gifu, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)operator (5 lifts) | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | nippon-ski.jp · nippon-ski.jp | |
| Kawaba Ski Resort A | Kawaba, Gunma, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)operator (5 lifts) via group company Kawaba Resort | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | nippon-ski.jp · nippon-ski.jp | |
| Sugadaira Kogen Snow Resort A | Ueda, Nagano, Japan | Nippon Ski Resort Development Co., Ltd. (NSD)partial operator: 7 of 19 lifts | Nippon Parking Development Co., Ltd. (major shareholder); NSD listed on Tokyo Stock Exchange (6040) | nippon-ski.jp · nippon-ski.jp | |
| Niseko Grand Hirafu (Niseko United) C | Kutchan, Hokkaido, Japan | Tokyu Resorts & Stays Co., Ltd. (Niseko Tokyu Grand Hirafu)lift and ski-area operator | Tokyu Fudosan Holdings (TSE: 3289) via Tokyu Land; Tokyu Land has announced sales of some golf/ski resorts — whether Hirafu is included not confirmed | Niseko United = four interlinked areas on Mt Niseko Annupuri (Grand Hirafu, Hanazono, Niseko Village, Annupuri) with separate owners and a joint all-mountain pass. Pass: Ikon (Niseko United).en.wikipedia.org · alterramtn.co | |
| Niseko HANAZONO Resort (Niseko United) B | Kutchan, Hokkaido, Japan | Nihon Harmony Resorts K.K.owns and operates the ski area | Pacific Century Premium Developments (PCPD, Hong Kong) | 2004 (Nihon Harmony bought Hanazono from Tokyu on 30 Nov 2004); PCPD entered via Nihon Harmony in 2007 | Hokkaido Shimbun describes HANAZONO as owned and operated by the PCPD group; a Park Hyatt Niseko HANAZONO was developed with Hyatt. Pass: Ikon (Niseko United).hokkaido-np.co.jp · voix.jp · destination.com |
| Niseko Village (Niseko United) B | Niseko, Hokkaido, Japan | YTL Hotels (Niseko Village K.K.)owner-operator of ski area and resort | YTL Corporation Berhad (Bursa Malaysia: YTL) | 2010 (bought from Citigroup) | Reported price about ¥6 billion including the Hilton hotel; Niseko Village became an indirect wholly-owned subsidiary of YTL Corp. Pass: Ikon (Niseko United).api.edgeprop.my · powderlife.com |
| Niseko Annupuri International Ski Area (Niseko United) A | Niseko, Hokkaido, Japan | Chuo Bus Niseko Kanko Kaihatsu Co., Ltd.operator (gondola and ski area) | Hokkaido Chuo Bus Co., Ltd. | The operator's July 2025 release on the summer gondola is issued by Chuo Bus Niseko Kanko Kaihatsu; no sale found. Pass: Ikon (Niseko United).odekake.chuo-bus.co.jp | |
| Rusutsu Resort C | Rusutsu, Hokkaido, Japan | Kamori Kanko Co., Ltd.owner-operator (resort, hotels, lifts) | Kamori Kanko (family-held company, Hokkaido) | Resort partners with Niseko hotel developer NISADE on The Vale Rusutsu; ownership by Kamori Kanko from reporting only. Pass: Epic (partner; not confirmed in sources found).nisekotourism.com | |
| Furano Ski Resort C | Furano, Hokkaido, Japan | Prince Hotels, Inc.operator | Seibu Holdings Inc. (TSE: 9024) — link to Seibu not confirmed in sources found | Guides describe Furano as 'operated by the Prince Hotels group'. Joined Ikon Pass for winter 25/26. Pass: Ikon (partner from 2025/26).snowmonkeyresorts.com · alterramtn.co | |
| Mona Yongpyong B | Pyeongchang, Gangwon, South Korea | Mona Yongpyong Co., Ltd. (KRX: 070960)owner-operator | largest shareholder the Unification Foundation (35.99%); HJ Magnolia Yongpyong Pine Ridge Golf & Resort 5.65%, HJ The Ocean Resort 4.16% (Tongil Group) | 2003 (bought by Segye Ilbo, Tongil Group) | Renamed from HJ Magnolia Yongpyong Hotel & Resort in June 2024. 2018 Winter Olympics alpine technical venue. Record first-half 2025 revenue of KRW 160 billion. Pass: Ikon (partner from 2025/26).en.bizhankook.com · asiae.co.kr · asiae.co.kr · alterramtn.co |
| Genting Resort Secret Garden C | Chongli, Zhangjiakou, Hebei, China | Genting Resort Secret Garden (Malaysian-owned developer)owner-operator | Malaysian Genting-linked private investment (exact owning entity not confirmed; not shown as a Genting Berhad listed subsidiary) | 2012 (opened) | Venue for freestyle skiing and snowboard at the Beijing 2022 Winter Olympics ('Genting Snow Park').freemalaysiatoday.com |
| Valle Nevado B | Lo Barnechea, Santiago, Chile | Mountain Capital Partners (MCP)owner-operator | Mountain Capital Partners (Durango, CO) | 2023 (April) | MCP's first international resort. Pass: Ikon (partner).purgatory.ski · emol.com |
| La Parva A | Lo Barnechea, Santiago, Chile | Mountain Capital Partners (MCP)owner-operator | Mountain Capital Partners | 2024 (agreement May 2024) | With Valle Nevado forms the largest lift-served area in the Southern Hemisphere; MCP also sought control of Andacor (El Colorado, Parque Farellones) — not confirmed as closed. MCP announced US$17.5M investment across La Parva and Valle Nevado. Pass: Ikon (via Valle Nevado link) / MCP.mcp.ski · saminfo.com · ex-ante.cl |
| Portillo B | Los Andes, Valparaíso, Chile | Ski Portillo S.A.owner-operator (hotel and lifts) | Ski Portillo S.A. (family-held company, Santiago) | 1961 | Independent; family company that also runs hotels in Chile. Pass: Mountain Collective.skiportillo.com · emis.cn |
| Cerro Catedral B | San Carlos de Bariloche, Río Negro, Argentina | Catedral Alta Patagonia S.A. (CAPSA)concessionaire of the municipal ski area; concession was due to end in 2026 and has been extended by three decades (to 2056) with a US$22M lift-investment obligation (reported) | CAPSA (family-held company) | 1990s (concession) | Bariloche council set up a commission to investigate the concession; CAPSA backed by local business for 2026 investment. Largest ski area in Argentina.rionegro.com.ar · iprofesional.com |
| Grandvalira (Soldeu-El Tarter, Pas de la Casa, Grau Roig, Canillo, Encamp) B | Canillo/Encamp, Andorra | SAETDE and ENSISA (the two companies that compose Grandvalira)lift companies operating on communal (comú) land; shareholder detail not found | SAETDE / ENSISA (shareholders not found) | 2003 (Grandvalira formed) | Grandvalira Resorts group: Grandvalira + Ordino Arcalís (fully incorporated 2018) + Pal Arinsal (from 2022/23), one countrywide pass for 303 km of slopes. Pass: none (own Grandvalira Resorts pass).palarinsal.com · the-ski-guru.com |
| Pal Arinsal B | La Massana, Andorra | Grandvalira Resorts (operating integration)integrated into Grandvalira Resorts from 2022/23; underlying owner of the lift company not confirmed (earlier tied to the Comú de La Massana) | not confirmed | 2022 | Formerly with Ordino Arcalís in the Vallnord brand (2004/05-2022). Pass: none (Grandvalira Resorts pass).palarinsal.com · elindependiente.com |
| Ordino Arcalís B | Ordino, Andorra | Grandvalira Resorts (SAETDE/ENSISA agreement)managed under long-term agreement with Grandvalira since 2018; underlying ownership not confirmed | not confirmed | 2018 | Pass: none (Grandvalira Resorts pass).the-ski-guru.com |
Groups profiled: Vail Resorts, Inc., Alterra Mountain Company, Resorts of the Canadian Rockies Inc. (RCR), Northland Properties Corporation, Pacific Group Resorts (PGR), POWDR, Boyne Resorts, Nippon Cable Co., Ltd., Les Sommets (ex-Mont Saint-Sauveur International / MSSI), Groupe Le Massif, Big White Ski Resort Ltd., Freed Hotels & Resorts, Government of Newfoundland and Labrador, Vail Resorts, Jungfraubahn Holding AG, Compagnie des Alpes (CDA), Sofival, Compagnie du Mont-Blanc SA, SATA Group, Bergbahnen Engelberg-Trübsee-Titlis AG, Téléverbier SA, Weisse Arena Gruppe, Alpin Unlimited (LongRange Capital), SkiStar AB, Finaosta S.p.A., NZSki Ltd, Real Group Limited (RealNZ, formerly Real Journeys; earlier Wayfare Group), EVT Limited, Blyton Group, Grollo Group, Alpine Resorts Victoria, Ruapehu successors: Whakapapa Holdings 2024 Ltd and Pure Tūroa Ltd, Vail Resorts (resortsHere = company total), Aspen Skiing Company, Mountain Capital Partners, Nippon Ski Resort Development (NSD), The Sinclair Companies, Grandvalira Resorts (SAETDE + ENSISA), Mona Yongpyong Co., Ltd.. Private individuals are never named; family-held companies appear under their company name.
$
Market size, derived
Built from the competitor set upward rather than quoted from a forecast. Published TAMs in these categories are frequently reverse-engineered from each other, so any published figure is checked against the vendor arithmetic rather than trusted on its own.
Revenue floor
$2.8BDisclosed revenue from 1 of 18 named vendors. The market is at least this large.
Implied total — revenue ÷ share
$9.2BMean of 2 independent vendor estimates.
Published forecast
—Derived — no usable published figureNo usable published figure; the size here is derived from vendor revenue and share.
How each vendor implies a total
Vail Resorts$2.8B ÷ 17.9% = $15.9B
Compagnie des Alpes$633M ÷ 25% = $2.5B
Independent estimates that agree are worth more than any single forecast; ones that diverge tell you the share figures are soft. Both are visible here on purpose.
Competitor set · 18 named · 4 disclose revenue · 2 with a published share
| Name | Revenue | Share | Note |
|---|---|---|---|
| Vail ResortsNYSE: MTNA | $2.8B | 17.9% | FY2026 total net revenue, year to 31 July 2026 (10-K); Resort Reported EBITDA $745.7M |
| Alterra Mountain CompanyA | not disclosed | — | 19 resorts, CMH and Mike Wiegele heli-skiing, the Ikon Pass (72 destinations in 2025/26 per its own site, via the regional fragment). Formed 2017 by KSL Capital Partners and Henry Crown and Company affiliates; private, no revenue published |
| Compagnie des AlpesEuronext Paris: CDAA | €633MEUR | 25% | FY2025/26 Domaines skiables et activités outdoor revenue (group €1,433.2M), year to 30 September 2026, unaudited — Share is of French skier-days, not North American |
| Jungfraubahn HoldingSIX: JFNA | CHF 306MCHF | — | 2025 operating income, whole group; the Winter Sports segment alone had net sales of CHF 44.7M and EBITDA of CHF 5.9M |
| EVT (Thredbo)ASX: EVTA | AUD 97MAUD | — | FY2026 Thredbo division revenue, year to 30 June 2026; normalised EBITDA A$21.0M |
| Aspen Skiing CompanyB | not disclosed | — | Four Aspen Snowmass mountains on White River National Forest under Forest Service permit; owned by Henry Crown and Company, which also co-owns Alterra. Private |
| POWDRB | not disclosed | — | Seven mountain resorts on its 2026 site (Snowbird, Copper, Mt. Bachelor, Eldora, Boreal, Soda Springs, plus Woodward); a seller since 2023. Private, family-held |
| Boyne ResortsB | not disclosed | — | Big Sky, Brighton, Sunday River, Sugarloaf, Loon, Summit at Snoqualmie, Cypress Mountain (BC) and Michigan resorts. Private, family company; its own site's robots.txt bars this crawler |
| Mountain Capital PartnersC | not disclosed | — | Calls itself the third-largest US operator by number of resorts — nine US areas plus Valle Nevado and La Parva in Chile; Power Pass. Private |
| Pacific Group ResortsB | not disclosed | — | Mount Washington (2015) and SilverStar (from POWDR, November 2025) in BC, plus Wisp, Wintergreen and Jay Peak in the US. Private, prices undisclosed |
| Resorts of the Canadian RockiesA | not disclosed | — | Fernie, Kicking Horse, Kimberley, Nakiska, Mont-Sainte-Anne and Stoneham; Epic Pass partner, not Vail-owned. Private, Calgary |
| Northland PropertiesB | not disclosed | — | Revelstoke Mountain Resort (2008) and Grouse Mountain (2020) alongside Sandman and Sutton Place hotels. Private, Vancouver |
| Les SommetsA | not disclosed | — | Five Laurentian ski hills (Saint-Sauveur, Avila, Morin Heights, Olympia, Gabriel) — the largest regional cluster in Quebec under one owner. Private |
| Nippon CableA | not disclosed | — | Owns Sun Peaks Resort LLP since 1992 and is the 25% limited partner in Whistler Blackcomb. Private, Tokyo |
| Zermatt BergbahnenA | not disclosed | — | Lift company for Zermatt–Matterhorn; Burgergemeinde Zermatt 23.6%, BVZ Holding 22.0%, Einwohnergemeinde Zermatt 18.3% — the Alpine pattern of commune-anchored ownership. Revenue not opened for this record |
| NZSkiB | not disclosed | — | Coronet Peak, The Remarkables and Mt Hutt, bought from Air New Zealand in 2002; on DOC conservation land under concession. Private, Queenstown |
| RealNZB | not disclosed | — | Cardrona and Treble Cone, alongside Milford and Doubtful Sound cruises. Private, Queenstown |
| Community, club and municipal hillsB | not disclosed | — | Canterbury club fields, Quebec's non-profit Mont-Orford, Newfoundland's Crown-owned Marble Mountain, Tignes' new commune company — priced by members or councils rather than a return on capital, and the most likely seller of anything an entrant could afford |
EUR and CHF and AUD figures are shown in their own currency and are left out of any total below — converting them at today's rate would put a spot rate under a full year of trading.
Evidence
Evidence. Primary documents opened: Vail Resorts' FY2026 10-K (filed 28 September 2026) for revenue, segment EBITDA, skier visits, ETP, pass share of lift revenue, the North American ski-area count and share, every Forest Service permit's acreage and expiry and the 1.5–4.0% fee, the Whistler MDAs and the Australian leases; Vail's FY2026 results release (8-K exhibit, 28 September 2026) for 2026/27 pass sales and FY2027 guidance; Vail's FY2017 and FY2022 10-Ks for the Whistler Blackcomb, Stowe, Peak Resorts, Seven Springs and Andermatt-Sedrun prices; Intrawest's 31 July 2017 8-K press release for the $1.5B valuation; the Blackcomb MDA (SEC exhibit) for the 2% BC fee; the BC Mountain Resorts Branch note on Big White's MDA for the 60-year standard term; the Canada National Parks Act s.36 and Schedule 5; Compagnie des Alpes' AMF filings of 27 October 2026 (FY2025/26 revenue, skier-days, 25% of French skier-days) and 9 August 2024 (Tignes: SPL from 1 June 2026, ~€103M for the lifts, ~300 staff); Jungfraubahn's 2026 General Meeting invitation (2025 key figures and segment EBITDA); EVT's ASX announcement and annual report of 24 August 2026 (Thredbo). All tier A. Canadian counts are Statistics Canada, December 2023; US counts are County Business Patterns [A]. Ownership facts in challengers and competitors come from the regional ownership fragments prepared alongside this record (own-canada, own-alps, own-anz, own-world), which cite owners' sites and filings. Tier B/C and not opened here: NSAA's preliminary 2025/26 US total (about 52.6M visits, roughly 9M fewer than 2024/25), reported consistently by several trade outlets but not read on nsaa.org; the Town of Nederland's $120M Eldora purchase and Bear Den Partners' 2026 purchases (trade reporting); the name ALTTA and 30-year term of Tignes' new public company (local press); Mt Dobson's ~NZ$3M asking price (fragment). Not established: revenue or EBITDA for Alterra, Aspen, POWDR, Boyne or any Canadian operator — all private; any EV/EBITDA multiple on a ski deal; a Canadian ski-area transaction price after Whistler; a climate projection for any specific mountain (EVT's climate-risk statement for Thredbo is the only one read); Indy Pass and other independent-hill alliances in North America. Compagnie des Alpes' site sits behind an Incapsula bot wall, so its figures were read from AMF filings instead. UNVERIFIED: that independent hills sell cheaply because they lack a pass network is analyst judgment supported by, not proven by, the Vail per-visit figures, and the cut factor is judgment.