Tough Economic Times For Ski Resorts.

The leadership of the Aspen Skiing Co. anticipates business could drop between 5 and 15 percent this season.

David Perry, Skico’s senior vice president, mountain division, said tough economic times make it difficult to gauge what will happen, but the company is braced for business to go downhill. The projection for a 5 to 15 percent decline is based on current lodge and hotel bookings in Aspen and Snowmass Village.

Some resorts are responding to the global economic crisis by cutting back on staff. Intrawest, one of the giant operators in the ski industry, acknowledged last week it is laying off employees at resorts, including Steamboat, Copper Mountain and Winter Park in Colorado. Intrawest didn’t disclose how many people will lose their jobs.

Maybe this situation is bad for the the ski and snowboard resorts but as 
Justin from the ski-blog.com writes:

It is gonna get rough out there. But it is a good time to look for deals.