The Canadian resort Red Mountain has taken advantage of crowdfunding in order raise much needed funds. The resort is offering potential investors a chance to own part of the business by investing set amounts. Investors will also receive added benefits.
The move goes against industry trends, with more resorts being acquired by corporations every year. Currently, 39 resorts are owned by just three corporations.
Skiers have welcomed the decision, with many not happy about rising costs at resorts.
Howard Katkov, chief executive officer of Red Mountain Ventures says “Consolidation sometimes has the potential of stripping the soul and heritage out of these old-school resorts”.
Hopefully other resorts will follow in Red Mountain’s footsteps in order to keep the industry diverse and full of healthy competition.
Scientists are predicting that ski resorts in Australia are facing a reduction in snow depth, cover and duration. Artificial snow isn’t the answer either as that will be impacted too. Ski resorts will rely on big dumps of snow as we have seen this season, to make up for smaller snowfalls.
Tom Remenyi, a researcher at the Antarctic Climate & Ecosystems Cooperative Research Centre, says that within the next 10 – 20 years there will be a huge shift in snowfall and by the end of the century there will be a 20% drop in precipitation.
The government of Victoria is currently preparing a report on how this will impact alpine communities and the ski industry while New South Wales is working with UNSW in researching climate change and snowmaking conditions.
The industry is also aware of the dangers that this issue poses to the the ski season with Thredbo in NSW hosting an event “Protect Our Winters” to raise awareness of climate change and Vail Resorts who operate Perisher describing climate change as “one of the most significant challenges facing every country, every business and every person on the planet”.
Deer Valley has been acquired by a newly formed entity comprising of KSL Capital Partners, LLC and Henry Crown and Company, which in July partnered with Intrawest Resort Holdings, Inc., Mammoth Resorts and Squaw Valley Ski Holdings. The transaction is expected to close prior to the 2018/2018 ski season.
“We could not be more pleased that Deer Valley Resort will be part of our new company, and we look forward to working with the staff and Park City community to carry on the traditions that make it so special”
The sale is an exciting opportunity for all those involved, as the resort has been very successful in recent years and this will allow them to expand. It should be noted that Deer Valley will retain ownership of Solitude Mountain Resort and that the resort will honor existing passes for the full 2017/2018 season.
Deer Valley is located in Park City, Utah in the the United States. It was a venue during the 2002 Winter Olympics and offers a more upscale experience than some of its competitors.
Students Connect with Industry Expert Dr. Gary Grant
The Jindabyne class was thrilled to have one of the industry’s biggest names skype in as guest speaker this week. Dr. Gary Grant is an experienced senior executive and educator, with international experience inAustralia, Canada, Europe, South Korea, China and Japan. Currently a principal advisor at D4U Consultants in China, advising on new developments in Vietnam and recently working as the COO and Senior Vice President at a major tourism development in China after consulting in tourism and resort development, management and marketing strategies in China, Mongolia, India, Europe, Canada and Japan. Gary has been an Adviser to Australian Ski Patrol Association (ASPA), Surfing NSW, Snow NSW and Snow Australia. Advisor/consultant to Tourism NSW on regional tourism development and tourism strategies. He is an owner and operator of a small Japanese hotel business in Hakuba, Japan.
Gary is unique in that he holds a PhD in Management from the University of Canberra, Australia, and continues to have practical workplace experience in destination and resort planning, marketing, event and resort development and operations; business strategy; brand development; leadership and staff development, and still teaches. Past roles include Director of The Seer Resort Company; COO and Senior VP at Genting Secret Garden, China; General Manager Marketing Hospitality and Resort Services Perisher Blue Pty Ltd; Lecturer, University of Canberra; Director of Organisational Development; Director and General Manager of the Snowy Mountains Tourism Organisation.
Gary spoke to the class about the latest movements in resort development in China, Japan and some key learnings that he has taken from his extensive time in our industry. Some welcome career advice and “inside words” are always a special treat. Thanks Gary, much appreciated.
Longest Mountain Bike Trail in the World is Getting 400 Miles Longer
The Great Divide Mountain Bike Route (GDMBR) was completed by the Adventure Cycling Association (ACA) in 1997 and is currently the longest mountain bike trail in the world.
As it is approaching its 20th anniversary, the ACA has decided to make the trail even longer. In addition to adding an extra 400 miles, the ACA also wants to implement more user-friendly maps and add directions for northbound riders.
Currently, the route takes an average of 37 days to finish. Unpaved road accounts for 90% and 3% is singletrack. The Tour Divide Race takes place on the trail, which is a self-supported race along the entire route. The current record is 13 days, 22 hours and 51 minutes by Mike Hall!
The ACA has started a fund raising event to pay for the update.
Diploma of Business at Study Alpine students participated in an inspiring session with Intouch Technology Group CEO Alex Morcom on 2 August.
Intouch is a leading international ski resort tech company and we were really privileged to have Alex spend some time with us. Alex spoke in depth about Intouch and its myriad of applications throughout their client ski resorts, from RFID to data management and analysis to cross integration and marketing, just to name a few.
Alex went on to cover how tech has transformed the way ski resorts operate and some emerging technologies to watch in the near future. Students (and teacher alike!) where immersed, and will be continuing the conversation in class and online for distance students.
Thanks Alex – an informative and fascinating morning.
Some of the Jindabyne class recently visited the Cooma Universities Centre to explore further study options for anyone wishing to continue studies after achieving their diploma.
The Cooma Universities Centre was opened on March 6, 2013 as a joint initiative of Snowy Hydro and Cooma Monaro Shire Council. In 2014 the centre became an incorporated, not for profit organisation and was handed over to a community governed Board of Directors. The objectives of the centre are to:
Serve as the primary point of contact for the delivery of university education in the Cooma region.
Facilitate and promote education and career pathways between schools, vocational education and training providers, universities and industry.
Coordinate and support research and partnerships, especially those which assist in the sustainable development of the region.
Advocate in the best interests of regional students.
Promote and assist lifelong learning and raise community aspirations.
Collect public donations to support the Association’s offerings and learning experiences of students.
Pictured left to right: Tom Liolios, Zoe Dawson, Lauren Horton, Jayme Small.
This week, students from the Jindabyne class were treated to an exclusive Q&A session with one of the Snowy Mountain region’s living legends – Neil Thew. Neil has held a number of senior management and PR positions at Perisher, Snowy Mountain Tourism, and at his current role with Snowy Hydro.
With sole access to the Snowy Hydro’s theatre, we viewed the latest video footage explaining the developments and future strategies at Snowy Hydro, and got a personal insight into Neil’s deep understanding of business and employment in the ski resort industry, and the greater region. A truly memorable event, and many thanks to Neil and Luke at http://www.snowyhydro.com.au/
Resorts in NSW enjoyed a large amount of fresh snow yesterday with Thredbo receiving 30cm of snow over 24 hours and Perisher getting 25cm. Meanwhile in Victoria, Hotham received 14cm and Mt Buller close behind with 13cm.
A frigid air mass travelling forth from the alps was responsible for the dumps.
There has never been a better time to get out on the mountains so what are you waiting for!
The Prime Minister Visits Cooma Ahead of Snowy Hydro Drilling
The Prime Minister, Malcolm Turnbull, Deputy Premier John Barilaro and Parliamentary Secretary Bronnie Taylor recently visited Cooma ahead of investigative drilling taking place for Snowy 2.0.
Snowy Hydro Limited CEO Paul Broad and Snowy Mountains Engineering Corporation (SMEC) CEO Andy Goodwin provided their visitors with an update and showcased some of the equipment they will be using. The investigative drilling is set to commence this month and is key for the Snowy 2.0 feasibility study.
The Snowy 2.0 Feasibility study will be completed by the end of the year and will generate more than 250 jobs. If the Snowy 2.0 project goes ahead, it will create around 5000 jobs.