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Unformatted text preview: ojects exceeding
more than $50 million for the 2011-12 season.
Improvements ranging from minor developments
to major renovations allow the resorts to provide
the finest ski experience available. Total
12.32 a Revised. b Forecast.
Sources: Colorado Ski Country USA and Colorado
Business Economic Outlook Committee. Challenges
Challenges facing the Leisure and Hospitality
Supersector include the following:
• A slow economic recovery: A weak housing
market, a lack of recovery in labor markets,
and low consumer confidence all lead to weak
spending. The trends of shorter travel distances
and lead times, and more budget-conscious
decisions are patterns of consumer behavior.
• Inflation: Inflationary pressures are still high in
the travel industry and a substantial consumer
concern. Since Colorado is a major drive vacation market, the volatile price of gasoline can
have a significant impact.
• Income: Real median household incomes are
down 7% from 2000.
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery