Recapping the day's news and newsmakers through the lens of CNBC.
Everyone knows the old fable about killing the golden goose. Well, stay tuned: that may be what's happening as the ski industry continually gets more upscale, discouraging people from taking up the sport. With the season just getting underway, skiers who don't shop ahead may be shocked at lift tickets costing more than $100 a day.
Last year, 54 percent of "skier visits"—one skier or snowboarder for one day—were from households earning more than $100,000, up from 48 percent five years ago. And the median age of skiers was 38, up from 34 a decade ago, indicating that new skiers are not being created fast enough to replace old ones. Last year's total skier visits trailed the 10-year average. While lift tickets can be deeply discounted if purchased in advance or as part of travel and lodging packages, all those other costs are rising too, especially as many resort areas add premium-priced restaurants and hotels.
"You have the haves and the have mores."—Douglas Quinby, principal analyst at travel research firm PhoCusWright
"They're chasing existing customers who have the money to spend rather than going after new customers."—Aspen resident Roger Marolt