Condor Capital Says There Are Deals To Be Found In The Ski Industry

Condor Capital Management, an investment management advisor, released an interesting analysis on the ski industry.

According to the investment management firm, ski and snowboarding have always been an expensive activity with daily lift tickets in some cases rising to over $100. Naturally, this makes it more difficult for middle-class families to take to the slopes.

Condor Capital said the industry shows that 58 percent of visitors during the 2014 to 2015 season earned $100,000 or more annually, marking an increase from just 45 percent during the 2006 to 2007 seasons.

The industry is also favorable for investors as major resort operators, such as Vail Resorts, Inc. MTN are generating economies of scale by acquiring smaller ski operators. As such, the company can influence prices more effectively than independently-owned peers. At the same time, major resort operators have been successful in targeting the higher-income consumer through luxurious amenities.

Finally, ski operators have taken a page out of airline and hotel operators play book by adopting dynamic pricing, a system that allows for changes in ticket prices according to supply and demand trends. This implies that individuals looking to buy a day pass at the last minute will pay more than individuals who booked in advance.