China Ski Industry Growth: New Resorts Drive Expansion
Hear’s a breakdown of the key information from the provided text, organized for clarity:
1. Growth of the Chinese ski Industry:
Total Ski Visits: 26 million in the latest year (according to the China Ski Industry White Paper).
Overall Resort Growth: 748 ski resorts open to the public, a 4% increase from the previous year (22 new, 7 reopened).
“Ice and Snow Economy” Goal: The chinese government aims to grow this to over $208 billion by 2030, focusing on winter sports, tourism, and equipment manufacturing.
2. Dominance of Indoor Ski Resorts:
Indoor Resort Visits: 5.6 million visits, representing over 20% of the total. Indoor resorts grew by 15%.
Indoor Resort Numbers: 66 indoor resorts currently,more than double the 31 in 2020. Six new indoor resorts opened in the last year.
global Ranking: China has 7 of the world’s 10 largest indoor ski resorts.
Future Expansion: Qianhai Snow World in Shenzhen is planned to be the world’s largest indoor ski facility.
Regional Concentration: Zhejiang province has the moast indoor resorts (9), followed by Hunan and Jiangsu.
3. key Players & Brands:
Anta Sports: A Chinese sportswear maker that owns Amer Sports (Arc’teryx, Salomon, Atomic). Amer sports shares have tripled since its nasdaq listing.
Burton: The No.1 snowboard brand in China.
Other Top Brands (Snowboard): Salomon and Nitro.
Other Top Brands (Ski): Atomic and Head.
Investors: FountainVest Partners (China) and Chip Wilson (lululemon founder) are also investors in Amer Sports.4. Regional Hotspots:
Most Resorts: Heilongjiang, Xinjiang, and Hebei provinces.
Most Visits: Jilin, Hebei, and Xinjiang provinces. Future Concentration: Jilin Province, Altay (xinjiang), and Chongli (Hebei) are expected to be major skiing destinations.
5. Global indoor Ski Market:
* Growth Projection: The global indoor slope market is expected to grow from $10.3 billion in 2024 to $22.3 billion by 2034 (nearly 8% annual growth).