Daniel Scott

So luckily, that is an anomaly for them.

So nine years out of 10, that's not the type of winter that we see when we did the analysis for Salt Lake City as an Olympic host.

So hopefully this is their bad year.

And in 2034, they're going to get a good year.

But

It's kind of a sign of the times that those bad years or poor years are happening a bit more frequently.

What we had seen over the last 40 years, average ski seasons across all five regional markets in the U.S.

were getting longer from the 1980s to the 90s and again 2000s and again 2010s.

Average ski seasons were getting longer.

And sometimes people will ask me, well, how is that possible with climate change?

And well, they had invested billions of dollars in snowmaking.

So that was offsetting some of that warming and more variable snowpack over those decades.

That's finally switched.

So the 2020s, we've seen that increase in average season lengths finally peak.

So we're past peak ski season, as I would call it.

And now we're seeing a reduction in average ski seasons, with the exception of some places in the Rockies.

A business model is a really important part of climate resilience or managing your climate risk.

And a place like Vail, which now has, I think, between 36 and about 40 ski areas across the U.S.

and a couple international.

Yes, yes.