BofA Projects a 20-30% Reduction in Snowpack at U.S. Ski Resorts by 2050

BofA Global Research reported today that there have been significant changes in snowfall patterns over the past thirty years, with a national decrease of approximately 27.94-43.18 cm (11-17 inches). The research also highlighted that the snow season has shortened, and peak snowfall times are occurring earlier. These changes are expected to significantly impact the ski industry, with projections indicating that snow accumulation at U.S. ski resorts could decrease by 20-30% by 2050.

The report emphasized that higher elevation ski resorts may be in a better position to avoid closures due to inadequate snow security compared to those at lower elevations. Shortening snow seasons may cause the majority of ski resorts to face the risk of not being able to open until Christmas or having fewer than 100 skier days open.

This situation presents significant challenges for the operations, profitability, and sustainability of the ski industry. BofA Global Research noted that snowmaking technology is a critical adaptation strategy, especially for ski and mountain resorts in the Southeastern, Midwest, and Northeastern regions of the U.S. However, rising temperatures during the winter threaten the effectiveness of snowmaking, and despite the presence of necessary infrastructure, this technology's benefits may be diminished.