2018
DOI: 10.3390/su10093012
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The Economic Sustainability of Snow Tourism: The Case of Ski Resorts in Austria, France, and Italy

Abstract: The purpose of this article is to analyse whether ski resorts in Europe are economically viable. Data originates from the financial statements of the 61 largest ski lift operators in Austria, France, and Italy. Descriptive statistics reveal that these operators are characterized by positive and relatively high returns, and by having little debt in general terms. The results show that the most economically profitable ski operators are also the largest. The elevation of the ski area is not relevant. Ski lift ope… Show more

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Cited by 41 publications
(30 citation statements)
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“…Surface ice/snow is among the most vital earth resources undergoing temporal and spatial changes as a consequence of climate change and other forms of environmental change in many parts of the world [2][3][4]. The economic, ecological and social effects of surface snow changes have been the subject of academic study for many years [5][6][7]. Furthermore, surface snow is one of the most important water resources of most rivers in high-mountain regions.…”
Section: Introductionmentioning
confidence: 99%
“…Surface ice/snow is among the most vital earth resources undergoing temporal and spatial changes as a consequence of climate change and other forms of environmental change in many parts of the world [2][3][4]. The economic, ecological and social effects of surface snow changes have been the subject of academic study for many years [5][6][7]. Furthermore, surface snow is one of the most important water resources of most rivers in high-mountain regions.…”
Section: Introductionmentioning
confidence: 99%
“…Recently, Rutty et al (2017) provide evidence that smaller ski areas experience greater losses in the length of the winter season in mild winter season. For a selected group of predominantly large ski lift operators in Austria, Italy and France, Moreno-Gené et al (2018) find that size of ski lift operators is still significant even in a group of large ski lift operators. When analysing the relationship between profitability and size of ski lift operators, however, it is important to use a wider definition of ski area size including not only the terrain of establishment but the total ski slope length of interconnected ski areas.…”
Section: Conceptual Backgroundmentioning
confidence: 92%
“…A detailed empirical analysis of the profitability of ski lift operators including small and medium-sized operators has not yet been carried out. Recently, Moreno-Gené et al (2018) investigate the determinants of return on assets of ski lift operators. However, small and medium-sized operators are under-represented due to data limitations.…”
Section: Introductionmentioning
confidence: 99%
“…Given the dependence of ski resorts on natural conditions, adaptation to climate change is a topic of vital importance for ski operators and tourism policymakers: The sector is indeed required to rapidly respond, taking into account all the different implications that a decision might entail [55]. In order to remain competitive in a changing climate, operators need to take into account their strategic direction, considering each possible option for action and trying to bridge the gap between their needs and regional and local policies [55][56][57]. The aim of the Smart Altitude Decision-Making Toolkit (DMT) is to provide ski operators with a step-by-step approach for the selection and implementation of low-carbon measures (see Figure 6).…”
Section: Decision-making Toolkitmentioning
confidence: 99%