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Foster Business Library
Databases:
A search in Market Sector for Travel and Tourism produced an extensive 2004 report on this industry, in the U.S. (but not Canada). There is no mention of skiing in this report.
See SIC 7999: Amusement and Recreation Services, Not Elsewhere Classified, in the Encyclopedia of American Industries, for this brief profile of the ski industry: Ski Resorts. Skiing is one of America's favorite recreational sports, but with the number of skiers leveling off and operational costs such as snowmaking and workers' compensation rising, resorts were forced to hike prices and even explore consolidation opportunities. Many younger outdoor enthusiasts were taking up snowboarding, further contributing to the downhill skiing slump. In 1996, flashy new ski designs were introduced to appeal to skiers over 35, who make up an increasing share of the market. The new skis claim to allow ordinary skiers to cut smooth turns at slow speeds and with little effort.
Vail Resorts Inc., the nation's largest ski resort operator, currently owns the nation's three most popular resorts: Vail Mountain, Breckenridge Mountain Resort, and Keystone Mountain. Vail Resorts Inc. has been an active participant in the consolidation trend.
See the company information for Intrawest and Vail Resorts. For a comparison of the two companies, their industry (Resorts & Casinos), and the market (S&P 500), see the Intrawest Competitive Analysis. See also the Intrawest Product/Operations, and Vail Resorts' Product/Operations .
A company search for the ticker symbol IDR produced over 380
reports. A similar search for MTN produced over 300 reports.
This database includes over seventy SEC 10-K filings (or parts of filings) for Vail Resorts, with information in the latest report such as:
The ski industry is highly competitive. While the ski industry has performed
well in recent years, with the four best seasons in history, in terms of
visitation, occurring in the past five years, a particular ski area's growth is
also largely dependent on either attracting skiers away from other resorts or
generating more revenue per skier visit. This has spawned a trend of increased
spending on resort improvements to ensure the newest and best technology and to
create new attractions and has also resulted in intense competition in pricing.
Larger ski resort owners, including the Company, generally have a competitive
advantage over the individual operator, as the larger owners typically have
better access to the capital markets and are also able to create synergies
within their operations which enhance profitability. Attracting and retaining
new participants to the sport will be the key to long-term sustainable growth
for the industry. To this end, the Company has focused efforts in recent years
on developing programs geared to entry-level participants as well as expanding
attractions for non-skiers. The Company's primary competitors include the ski
areas noted above, other ski areas in Colorado and Lake Tahoe, and other
destination ski areas worldwide, as well as non-ski related vacation
destinations."
Because Intrawest is a Canadian company, no S.E.C. filings appear here. Instead, go to Company Financial Information for financial data for Intrawest.
Intrawest and
Vail Resorts are both included in this database, with extensive information.
Foster Business Library Articles:
Library access to most ProQuest databases will terminate at the end of
spring quarter 2008, except for ProQuest NewsStand, ProQuest Dissertations
and Theses, Historical New York Times, and the Historical Wall Street
Journal. For more about this change, see UW Libraries Providing New
Databases. After this change, comprehensive article searches should be performed in EBSCO
Business Source Premier, Newsbank Infoweb, and ProQuest
NewsStand. Also, after this change, links to the articles below will be broken.
This database--actually, a family of over two dozen databases--offers full
text articles for over 10,000 publications, including scholarly journals,
magazines, trade and industry periodicals, newspapers, and reports on a
very wide range of topics. To find articles on specific topics, search by
word or phrase by keying your search phrase into the search box--or search
for your topic in the Topic Guide.
Your search terms will be highlighted in red in each article.
For example, a search for
CO(Intrawest Corp) produced a list of over 1,200
articles, including one article in a scholarly journal, over twenty magazine articles, over eighty articles in trade and industry publications, and over 650 articles in newspapers. A search for
CO(Intrawest Corp) and Skiing produced a list of over 300
articles while a search for CO(Intrawest Corp) and SUB(Ski Resorts)
produced over 180 articles.
A search for
CO(Vail Resorts Inc) also roduced a list of over 1,200
articles. A search for
CO(Vail Resorts Inc) and Skiing produced a list of over 250
articles while a search for CO(Vail Resorts Inc) and SUB(Ski Resorts)
produced over 500 articles.
A combined search for
CO(Intrawest Corp) and CO(Vail Resorts Inc) produced a list of ninety
articles; for
CO(Intrawest Corp) and CO(Vail Resorts Inc) and SUB(Ski Resorts), over 35 articles, including:
For research guides on a wide variety of industries, products, companies, issues and topics, see the Team Librarian Consultation archives.
The Foster Business Library offers an extensive collection of over fifty databases on its homepage; see under Databases. For a complete list of Foster databases, see the
List of All Business Databases. Access to these databases
from off campus requires that you first go to the Off-Campus Access button, in the upper right of all library webpages. These resources
may not be accessed from off campus except by those with a valid UW Net ID and password. For more
information on Foster business databases, click Databases,
A-Z. For information on which Foster business databases to use, see the Database Index.
For information on accessing Foster databases from off campus, see Database Access.
For guidelines on responsible database usage, see Database Usage.
"The following paragraphs discuss certain ski industry related statistics.
Colorado ski statistics are derived from data published by Colorado Ski Country
USA. Canadian ski statistics are from data published by the Canadian Ski
Council. U.S. and California ski statistics are derived from the Kottke
National End of Season Survey 2004/05.
There are approximately 750 ski areas in North America and approximately 490 in
the United States, ranging from small ski area operations which service day
skiers to large resorts which attract both day skiers and destination resort
guests looking for a comprehensive vacation experience. One of the primary ski
industry statistics for measuring performance is "skier visit", which
represents a person utilizing a ticket or pass to access a mountain resort for
any part of one day, and includes both paid and complimentary access. During
the 2004/05 ski season, combined skier visits for all North American ski areas
were approximately 75.1 million and U.S. skier visits approximated 56.9
million. The Company's ski resorts had 5.9 million skier visits during the
2004/05 ski season, or approximately 10.4% of U.S. skier visits, and an
approximate 7.9% share of the North American market's skier visits.
Unlike library databases, Web resources are available wherever
you have web access; they do not require that you access them via the Off-Campus Access button, in the upper right of all library webpages. When using web resources, be sure to evaluate the credibility of these resources. For a subject index to web resources, see Business Resources on the Web on the Foster Business Library homepage.
Articles in academic journals, magazines, trade periodicals, and
newspapers are one of the best sources for any kind of research. While the
Foster Business Library offers a large periodicals print collection,
comprising over 800 titles, articles are most easily accessed online,
24/7, in such fulltext article databases as EBSCO
Business Source Premier, Factiva,
LexisNexis Academic, Newsbank Infoweb, and ProQuest
Databases. These article databases are available in the library or
from off-campus, and provide access to over 10,000 periodicals and
millions of articles.
The Foster Business Library Reference Desk is staffed nearly all of the hours that the library is open. The
staff at the desk will be happy to help you find business research tools and resources, exploit business databases to the fullest or advise on research strategies.
For e-mail questions, direct your query to balib@u.washington.edu. For
assistance by telephone, dial (206) 543-8012 during library hours.