Bank of America
Impact of Climate Change on US Ski Industry
Pages
7
Time to read
16 mins
Publication
Language
English
Pages
7
Time to read
16 mins
Publication
Language
English
This technical report details the effects of climate change on snowfall patterns and ski resort operations in the United States. It outlines significant declines in snowfall, with estimates indicating a reduction of 11-17 inches nationally over the past 30 years, as reported by BofA Global Research. The report presents data from the Environmental Protection Agency and the National Ski Area Association, highlighting a trend of shorter snow seasons and earlier peak snowfall. It discusses the implications for ski resorts, particularly those at lower altitudes, which are more vulnerable to closures. The report also examines the role of snowmaking technology as a mitigation strategy, while noting that rising temperatures pose challenges to its effectiveness. Projections suggest that snowfall could decline by 20-30% across U.S. resorts by 2050 under various climate scenarios, with the Midwest identified as the region most at risk for declines in ski visitation. The findings emphasize the need for adaptation strategies in the ski industry.