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1、REPORTSavills Research3THE SKI REPORT 2022/23THE SKI REPORT 2022/23Jeremy RollasonHead of Savills Ski+44(0)20 7016 3753+44(0)7969 785 CON T E N T S 4-5 Market Overview Region by region,how have markets fared during the 2021/22 season?6-7 Executive sNOwMADs Where do long-term remote workers who have
2、a desire for the mountains want to go?8-11 Prime Prices Global resorts ranked by the Savills Ski prime price league,ultra-prime prices and ten key ski resorts five-year growth potential 12-13 Hotels&Branded Residences How are luxury hotels expanding their offering within the ski resort sector?14-15
3、Savills Ski Resilience Index Using five key metrics snowfall,reliability,season length,altitude and temperature we measure the resilience of 61 global resorts16-17 Outlook Looking ahead at the 2022/23 season,what is next for the prime ski property market?2022 was another extraordinary year in the sk
4、i property market.The winter season of 2021/22 allowed many of the worlds ski resorts to re-open fully,bringing tourists back to the mountains after,for some,a two-year gap.While the Western hemispheres season commenced largely unhindered,the Eastern hemisphere suffered at the hands of Covid-19.A sh
5、ortened season did not deter buyers,however,even if they were unable to physically travel to resorts.Long-held ambitions to acquire a ski property were realised by many during the latter half of 2021 and the first half of 2022,with keen competition emerging among buyers chasing limited stock.This ad
6、ded fuel to a trend that began in 2021,with asking prices being driven higher by opportunistic vendors seeking what,in normal times,would be considered a price premium.The last two years have,however,been far from the norm in this specialist market,with prices rising on average by an unprecedented r
7、ate since 2020.In Aspen,the same two-year period,average prime asking prices have risen by an astonishing 78%.And among traditionally more affordable resorts,Chamonix and Morzine both experienced price growth of 41%during the same period,with Saas-Fee and Wengen in Switzerland increasing by 34%and 3
8、8%respectively.Will or can this level of price growth continue?We see a two-tier market emerging from this pattern of increasing values.In lower-to middle-price sectors,where buyers are more reliant on debt and therefore more subject to both the availability and cost of money,we expect some consolid
9、ation or flattening of the curve.But in the upper price echelons and super-prime markets,where cash is generally more prevalent and acute undersupply remains,we envisage that positive price growth is likely to continue into 2023.Over the following pages,our research team provides an in-depth analysi
10、s of these prime and super-prime markets and focuses on 10 resorts to look out for in the coming period.As well as our annual Savills Ski Resilience Index,which includes some surprising changes in the top positions,we also rank 20 global resorts for their appeal to executive sNOwMADS,looking for sem
11、i-permanent bases during the winter months.Meanwhile,the future of the ski property market,despite global headwinds,looks promising for the 12 months to come.45THE SKI REPORT 2022/23MARKET OVERVIEWMarket OverviewOptimism is palpable for the 2022/23 winter ski season following three consecutively dis
12、rupted seasons due to the global pandemic.Unsurprisingly,the global outbreak of the Omicron Covid-19 variant at the end of 2021 caused ski numbers to fall to almost half of 2018/19 numbers and a millennial low of 201.2 million skier visits for the 2021/22 season.Despite declining visitor numbers,pri
13、me ski property has experienced significant growth throughout the last two years,with demand outstripping supply for both new and existing stock.The desire for the great outdoors,active lifestyle,fresh air and open space offered by the mountains,alongside the flexibility of remote working,has expone
14、ntially increased demand for mountain property.EuropeThe European Alps are the birthplace of skiing,with the highest participating population in the sport,and remains the worlds leading ski destination.Attracting the highest number of skiers on average and maintaining the top spot as the most intern
15、ationally visited ski destination,other regions are yet to compete on the same scale.Although the previous winter season saw historically low skier numbers within the region due to travel restrictions and the subsequent closure of resorts,European countries are continuing to invest in the longevity
16、of their ski resorts.Recent improvements include the new connection between SkiWelt and KitzSki in Austrias Tirol region and the scheduled 54 million gondola project in the world-famous Valle Blanche above Chamonix.The ability to work from home is a concept that the Alps are quickly adapting to.Tour
17、ism and leisure companies are offering guests out of season deals for stays ranging from four weeks to three months and local businesses are adjusting to second home owners occupying their residences for longer periods.90%of Savills Ski agents said that property owners are staying for longer periods
18、 of time,and 60%said that owners are working remotely from their alpine residences.North AmericaAlthough greater in land mass and population,North American ski resorts are yet to compete on a level playing field with Europe.According to Laurent Vanat,overall skier numbers during peak season sits at
19、just 50%of that of the Alps.However,the previous 2021/22 season saw ski visitor numbers rebound,outperforming both Europe and Asia.Ski areas in the United States reported a 3.5%increase to an all-time record of 61 million visits nationally,with the Rockies receiving 25.5 million visits alone and the
20、 number of ski areas also increasing to 473 from 462 last season.Improvements in infrastructure continue with large sums of capital targeting the industry.Vail Resorts have$320 million of planned capital investment for 2022 and Alterra Mountain Company are forecasting investment totalling$1 billion
21、over the next five years,through a series of large and smaller multi-year developments.Most notably,the top two performing resorts in our prime price index reflect how well the North American prime ski residential market performed over the last year.Akin to the wider American prime market,price grow
22、th was fuelled by domestic demand for a higher quality of life,more space,remote working and the outdoor element that the mountains offer,as well as a limited supply of stock.Asia PacificIn comparison to the North American and European 2021/22 ski seasons,the Asia Pacific saw a more varied picture.T
23、he regions 2021/22 season suffered from Covid-19 restrictions,closed borders and national lockdowns.After consecutive closures,the 2022/23 Australian ski season saw a strong start in June caused by major snow falls landing on Hotham Alpine Resort,Falls Creek and Perisher Resort.Contrary to this,ambi
24、guity for skiers still clouds other countries within the region,including Japan,where openness for international travel has remained uncertain.Nonetheless,opportunity is still apparent for market growth within this region.The comparative weakness of Japanese Yen creates an opening for keen American,
25、Australian and Chinese buyers to acquire a prime ski property with comparatively less capital.Additionally,China has overtaken Japan,accounting for the third largest number of national sskiers across the globe,according to Laurent Vanat.Increasing incomes in China and an aging population in Japan ar
26、e two key factors driving this shift.As Chinese interest in the sport grows,so will their demand for prime residential ski property.Chinese skiers will look both regionally,as well as internationally when considering a prime property purchase,creating an opportunity for the European and North Americ
27、an ski markets.67THE SKI REPORT 2022/23EXECUTIVE SNOWMADSInternet speedQuality of LifeClimateAir connectivityPrime pricesSavills Prime Indexpages 8-9Whistler BlackcombZermattVal Gardena-GrdenGstaadMayrhofenZell am SeeMont Tremblant KitzbhelVerbierFuranoGarmisch-ClassicSt.MoritzAspenMorzineNisekoVail
28、ChamonixMribelHeavenlyCortina DAmpezzoSavills Ski Resilience indexpages 14-15Top 20 global prime sNOwMAD resortsFrom sand to snow,our Executive Nomads are putting on their snow boots and setting their sights on the mountain vistas.Chosen for their dual-seasonality appeal,ultra-prime residential mark
29、et and connectivity,the Savills Executive sNOwMAD Index analyses 20 ski resorts across the globe.Flexibility in the workplace looks like it is here to stay.Savills Ski agents report just over 90%of chalet owners staying for longer periods of time compared to pre-pandemic levels and 60%of owners are
30、now working remotely from their mountain homes.Agile workers appreciate the remote offering of working from a chalet in the Alps,Niseko or the Rocky mountains.Ski resorts are consistently evolving to develop their dual-seasonality appeal,building year-round communities and proving the perfect escape
31、 for the globetrotting Executive sNOwMAD.Working remotely requires connectivity,both physically and virtually.Our top five resorts all have comparatively fast internet connections and are well connected to and via international airports.Ranking first,Whistler Blackcomb performs well across all five
32、metrics.Offering 8,000 acres of terrain for winter sports enthusiasts,plentiful snow,a year-round vibrant village,attractive prime property prices and close proximity to Vancouver,British Columbias most famous resort is the ideal retreat for footloose executives.Topping the Savills Resilience Index,
33、Zermatt ranks second for sNOwMADs,driven by its dual-season season appeal,competitive pricing for a prime Swiss ski resort and good connectivity.Followed in the index by Val Gardena,with an average asking price of 9,800 per square metre,this Italian resort is favourably valued and the closest of all
34、 twenty resorts to a large city and an international airport.Gstaad ranks fourth-its fine restaurants and up-market boutiques offer plenty for non-skiers and the Gstaad Valley provides for a bustling summer season.Austrian resorts Mayrhofen and Zell am See take fifth and sixth place respectively.Sav
35、ills Zell am See agents have seen a re-prioritisation of dual-seasonality over the last five years and prime owners are staying in their properties for longer periods of time compared to pre-pandemic.For those retreating to the Schmittenhohe mountains,summer activities are abundant,including golf,bi
36、king,hiking and water sports on Lake Zell.Austrian resorts offer a high quality of life and comparative value for money for prime property,helping to also elevate Kitzbhel into the top 10.Despite being well connected and having guaranteed snow,the higher price per square metre of American resorts As
37、pen and Vail pushes them lower down the rankings.French resorts are dispersed further down the rankings.Morzine,Chamonix and Mribel all perform well on their air connectivity and prime prices.However,a weaker internet connection in Chamonix and a comparatively lower scoring across the five metrics f
38、or the three French resorts means they do not rank as highly as their Swiss counterparts.However,with improving infrastructure investment and extension of their dual-seasonality,these three resorts are well placed for an influx of Executive sNOwMADs.Executive sNOwMADs:The Winter Executive NomadWe an
39、alysed 20 prime ski-destinations based on their appeal and ease of access for remote workers who enjoy spending time in the mountains.They have been ranked on their connectivity,climate(Savills Resilience Index),prime residential market and quality of life.Source:Savills ResearchNote:Prime rents rec
40、eive a half weightingFLEXIBILITY IN THE WORKPLACE LOOKS LIKE IT IS HERE TO STAY.SAVILLS SKI AGENTS REPORT JUST OVER 90%OF CHALET OWNERS STAYING FOR LONGER PERIODS OF TIME COMPARED TO PRE-PANDEMIC LEVELS AND 60%OF OWNERS ARE NOW WORKING REMOTELY FROM THEIR PRIME SKI RESIDENCES.89 THE SKI REPORT 2022/
41、23SAVILLS PRIME INDEXPrime residential ski property demand has remained undeterred despite the impact of the pandemic on international travel.The economic headwinds of rising inflation and subsequent tightening of monetary policy,as central banks across the world increase interest rates,are yet to b
42、e felt within this specialist market segment.Compared with wider property market trends,ski property buyers are generally more reliant upon equity than BAD GASTEIN,AUSTRIABad Gastein rose two places from 2021.Competitively priced in comparison to Zell am See and St Anton,its prime residential market
43、 saw an increase in demand over the past two years.137 miles of piste with access to four sister ski areas:Bad Hofgastein,Dorfgastein,Graukogel and Sport Gastein,as well as autumnal yoga and numerous high altitude thermal spas,Bad Gastein offers a healthy variety of activities for visitors.CRANS MON
44、TANA,SWITZERLANDSituated high above the Rhone Valley,hosting two Michelin-starred restaurants and multiple residences offering ski-in and ski-out,Crans-Montana also features a world class golf course that hosts a European round of the PGA tour.Unsurprisingly all of which appeal to the international
45、skier and the clientele of Six Senses,who are opening the Six Senses Crans-Montana this year.Crans-Montanas prime asking prices have grown to 15,800 per square metre,demanding more than prime residential real estate in European cities such as Milan and Rome.NISEKO,JAPANNiseko was fully operational d
46、uring the pandemic as ski resorts were exempt from national restrictions.Experiencing a revival in investment,including two pipeline branded residential schemes,the creation of mountain villages and the enhancement of facilities,Niseko is reasserting its title as a world renowned skiing location.Des
47、pite international travel restrictions,its average prime asking prices have increased by more than 5%compared to 2021/22,rising three places in the prime index.ST MORITZ,SWITZERLANDRanking fifth,St Moritz is the ski rendezvous destination for international jet setters.The Corvglia mountain and St Mo
48、ritz ski area-the birthplace of Alpine winter sports and a winter tourism destination for over 150 years,is also home to the worlds first yoga slope-Paradiso.With altitudes of up to 3,300m,this Swiss resort has climbed three places in the Savills Prime Index since 2021/22.CHAMONIX,FRANCEAverage prim
49、e asking prices in Chamonix are contending with Swiss resort Crans-Montana as a severe lack of supply for prime property drives the top end of the residential market.Climbing six places to 16th,the French resort initially shut down in the immediate wake of the pandemic,but transactional volumes incr
50、eased in 2021/22 upon the previous year and in comparison to pre-pandemic levels,as purchasers sought refuge in the mountains.VERBIER,SWITZERLANDVerbier has climbed three places and is the most expensive prime Alpine resort with an average asking price of 27,800 per square metre.Two international sc
51、hools,gourmet restaurants and dual-season appeal are driving prime price growth and a thriving rental business.Agents are reporting a lack of stock and the increase in remote working are also contributing to growth.Verbier attracts a diverse buyer base;most notably recent purchases have been made by
52、 buyers closer to home,including those from the UK,Scandinavia and Benelux countries.debt to fund their purchases.The price growth seen in the ultra-prime market during the last year has filtered through to the prime market.The unwavering appeal of the mountains,lifestyle and open spaces,attracts th
53、ose seeking to retreat from urban life.Prime ski residential property is an attractive store for accumulated wealth,as well as a sentimental,life-aspiration purchase for many.Across the 46 resorts that we track in our index,prime residential asking prices grew by more than 20%in the last year on ave
54、rage and over 30%since 2020.This is more than double the average national house price growth over the same period for skiing nations.Increasing prices were driven by pent-up demand and a lack of stock,with average prime listings falling 28%year on year and by 25%since 2020.Savills Prime IndexStand o
55、ut risers Savills prime price league compares more than 40 of the worlds leading ski resorts to determine which has the highest asking price per square metre.ASPEN 38,500VAIL 37,930ZERMATT 21,970FLIMS(LAAX)16,750KLOSTERS 15,040COURCHEVEL*20,080MEGVE 15,440VILLARS 14,380MRIBEL 19,470CHAMONIX 15,160GS
56、TAAD 23,530COURCHEVEL 1850 23,100DAVOS 18,160TIGNES 15,140ANDERMATT 21,290CRANS MONTANA 15,760KITZBHEL 14,480VERBIER 27,790VAL-DISRE 27,770Top 20 prime ski resorts(asking price per square metre)Source:Savills ResearchNote:Based on properties with asking prices greater than 750,000 with exchange rate
57、 as at September 2022.*Includes Courchevel Le Praz,1550&1650.37TH31ST16TH14TH5TH3RDACROSS THE 46 RESORTS THAT WE TRACK IN OUR INDEX,PRIME RESIDENTIAL ASKING PRICES GREW BY MORE THAN 20%IN THE LAST YEAR ON AVERAGE AND OVER 30%SINCE 2020.THIS IS MORE THAN DOUBLE THE AVERAGE NATIONAL HOUSE PRICE GROWTH
58、 OVER THE SAME PERIOD FOR SKIING NATIONS.ST.MORITZ 23,8601011THE SKI REPORT 2022/23ULTRA-PRIME&OUTLOOKCompared with last year,the top-ten most expensive resorts for ultra-prime(top tier of prime properties in each resort)remain largely unchanged.North American resorts retain first and second place:A
59、spen Snowmass offers 5,500 acres of skiing and following closely behind is Vail,the nations most-visited ski resort.Average asking prices grew year-on-year to above 50,000 per square metre for both resorts,fuelled by domestic market clientele comprising of both families and corporate visitors.Despit
60、e some restrictions during the 2021/22 winter season,French resorts still comprise half of the top-ten super-prime resorts.Courchevel*and Chamonix have retained their positions.Courchevels asking price increased by 3%and Chamonix held constant at just under 30,000 per square metre.Gstaad,St Moritz a
61、nd Verbier boast of cobbled high streets with international brands,fine cuisine and dual-season activities driving demand for these highly prestigious Alpine locations.By continually investing in their infrastructure and arranging summer activities and initiatives,these resorts have long enjoyed the
62、ir positioning in the top 10 of the ultra-prime rankings.Competing French resorts Courchevel 1850 and Val dIsre have experienced significant asking price growth in the last year at 11%and 20%,respectively.Their clientele is catered to with boutique and luxury hotels,grand chalets,and supreme retail
63、therapy offerings,all of which command premium prices.Using six key metrics,we have compared the prime residential property market outlook for 10 key Alpine resorts.These include the resorts resilience to climate change,the openness to international buyers and the level of supply in each resort.With
64、 a lesser weighting,proximity to transport hubs and the national economic forecast are also included.The level of supply is fundamental to a resorts price growth.Current stock and future pipeline are also key barometers to a markets performance alongside a resorts openness to international buyers.Ch
65、amonix is an open market,with over 30 new developments under construction to satisfy the resorts growing demand and lack of supply.Andermatt is also a severely undersupplied market-of the 104 units currently being built,reportedly more than 90%have been purchased off-plan.Following the all-time-high
66、 sales volumes in 2022,the resort continues to develop into a fully integrated destination and exemption from the Lex Koller rule has helped to attract international buyers.Although Austria is forecast to experience comparatively strong future economic growth and strong domestic buyer demand from ci
67、ty escapers,the restrictions on international buyers skew Kitzbhels future price outlook to the downside.Ultra-prime Outlook for prime ski Alpine property 58,500 50,900 36,400 36,400 35,600 34,300 31,500 31,300 30,900 28,100 Top 10 ultra prime ski resorts(asking price per square metre)Outlook for 10
68、 prime Alpine ski resortsSource:Savills ResearchNote:Based on the top tier of prime properties in each resort with exchange rates as of September 2022.*Includes Courchevel Le Praz,1550&1650.Resort location represents position in the top 10 not geographical position.Source:Savills ResearchNote:Compon
69、ents given a weighting of 1:Level of supply relative to other resorts,openness to international buyers,resort ranking in Savills Ski Resilience Index.Components given a weighting of 1/3:Five-year national GDP forecasts and distance to nearest airport and train station.Prime prices 2022 as based on p
70、roperties with asking prices greater than 750,000 with exchange rate as of September 2022.Resilience rank(of the 10 resorts considered).*Lex Koller rule limits foreign acquisition of residential real estate.*Only available for purchase by EU residents,plus second-home user restrictionsASPENVAILVAL D
71、ISRECOURCHEVEL 1850VERBIERMRIBELST.MORITZCOURCHEVEL*GSTAADCHAMONIXCHAMONIX 15,2004Completely Open VAL DISRE 27,8001Completely Open VERBIER 27,8003Open but with low level of restrictions*ANDERMATT 21,3006Completely Open MORZINE 10,7008Completely Open SAAS-FEE 12,1002Open but with low level of restric
72、tions*ZELL AM SEE 11,2007Open but with high level of restrictions*MRIBEL 19,5009Completely Open COURCHEVEL 20,1005Completely Open KITZBHEL 14,50010Open but with high level of restrictions*DESPITE SOME RESTRICTIONS DURING THE 2021/22 WINTER SEASON,FRENCH RESORTS STILL COMPRISE HALF OF THE TOP-TEN SUP
73、ER-PRIME RESORTS.”Very undersupplied Moderately undersupplied Balanced supplyResortCountryPrime prices 2022(psm)Resilience RankLevel of supplyOpenness to international buyersForecast level of growth 12 5,0004,0003,0002,0001,0000 Pre 20-20-20-2022Asia (Jap
74、an)EuropeNorth AmericaSource:Savills Research using CoStarNote:Based on Savills 42 global prime ski resortsBRANDED 16.4%BRANDED 50.0%INDEPENDENT 83.6%INDEPENDENT 50.0%Existing stockOpened since 2015Ski resorts hotel stock share by ownership typeBRANDED 85.7%INDEPENDENT 14.3%Development pipelineTHE S
75、KI REPORT 2022/23HOTELS&BRANDED RESIDENCES13Source:Savills Research and Savills Global Residential Development and Consultancy Development pipeline(2023 onwards)Number of branded residence units across the regionsHotels&Branded ResidencesU N IQU E.BE SPOK E.LU X U RY.Hotels have historically been un
76、-branded in many global ski markets;however as land,building,operational and labour costs continue to rise,competitive international brands are entering and expanding in the ski resort sphere.Of the 42 prime global resorts we analysed,the market share for branded hotels is growing through the pipeli
77、ne forecast period.Branded properties comprise half of the hotels opened in ski locations since 2015,and account for 85%of the future pipeline,demonstrating a trend towards larger hotel group brands.High-end hotels offer luxury,tailored and experiential stays to their clientele.One way in which hote
78、ls are strengthening their brand and enhancing their customer experience is through branded residences.In principal,branded residences are residential properties that are affiliated,usually by servicing or design,with a well-known brand,typically a hotel and are available to buy in the open market.H
79、otels have always had a presence within the ski resort market whereas the branded residence concept is comparatively in its infancy within this segment,particularly in Europe and the Asia Pacific markets.Branded residence units currently number over 2,500 in North American ski resorts,yet supply in
80、the Alps and Japan is much lower,creating ample opportunity for expansion within these locations.Focusing on deepening their relationship with their clients and following them from the beach to ski-in and ski-out,brands such as the Four Seasons,Rosewood Group and Sixth Senses have all expanded into
81、mountainous locations.Above Six Senses Kitzbhel AlpsLeft Six Senses Courchevel“THE APPEAL OF SKI RESORTS IS NO LONGER LIMITED ONLY TO WINTER MONTHS BUT RATHER GENERATING DEMAND THROUGHOUT THE YEAR FROM DISCERNING BUYERS SEEKING LIFESTYLES THAT INVOLVE OUTDOOR,SUMMER ACTIVITIES.AS A RESULT,SUCH DESTI
82、NATIONS ARE BECOMING INCREASINGLY ATTRACTIVE TO A GREATER NUMBER AND VARIETY OF BRANDS.”RIYAN ITANI,SAVILLS HEAD OF GLOBAL RESIDENTIAL DEVELOPMENT CONSULTANCY1415THE SKI REPORT 2022/23SAVILLS SKI RESILIENCE INDEX1415THE SKI REPORT 2022/23 Index scoreReliabilitySnowfallTemperatureAltitudeSeason lengt
83、hKeyZermattVailAspenBreuil-CerviniaSoldenTignes Val ThorensVal dIsreSaas-FeeWhistler BlackcombObergurglSt MoritzVerbierIschglLechLa PlagneObertauernChamonixNendazGrimentzCourchevelMont Tremblant La RosiereDavos-KlostersSt AntonFlaineAndermattGstaad-Glacier 3000AvoriazZell am SeeGrindelwald-FirstCort
84、ina DAmpezzoWengenMegveLa ClusazHeavenlyVemdalenMayrhofenMorzinereMyrkdalenCrans-MontanaMribelFuranoBad GasteinVal Gardena-GrdenFlims(Laax)KitzbhelTrysilSaalbachVillarsMount HothamSeefeld(Rosshtte)NisekoEllmauGarmisch-ClassicSeefeld(Gschwandtkopf)ChampryLas LeasMorginsPinzoloCHUSAUSAITAAUTFRAFRAFRAC
85、HCANAUTCHCHAUTAUTFRAAUTFRACHCHFRACANFRACHAUTFRACHCHFRAAUTCHITACHFRAFRAUSASWEAUTFRASWENORCHFRAJPNAUTITACHAUTNORAUTCHAUSAUTJPNAUTGERAUTCHARGCHITA05540The Savills Ski Resilience Index ranks 61 global ski resorts using five metrics to measure the quality and reliability of a resorts condition
86、s and its resilience against climate change.The metrics compare snowfall,reliability,season length,altitude and temperature.Source:Savills ResearchAs a sport reliant on the weather,ski resorts have been actively combating the effects of global warming for decades.The 2021/22 ski season experienced u
87、npredictable weather across the regions.Consequently,the Savills Ski Resilience Index has seen more movement than in past years.The Index tracks 61 global ski resorts,analysing a resorts altitude,season length,temperature,snowfall and snowfall reliability,to determine the reliability and quality of
88、their conditions.With more glaciers than any other Alpine nation,Swiss resorts consistently hold positions at the top of the ranking.Zermatt ranks first,sitting at the foot of the Matterhorn Glacier Paradise with a summit of 3,900m,and this contributes to the Swiss resorts long season length,high qu
89、ality and reliable snowfall.However,Switzerland is experiencing hotter summers and less reliable winters,reducing their glaciers ice volume and impacting season length and reliability.Demonstrated by Saas-Fees minor decline within the ranking,less snow and a shorter season length in 2021/22 caused t
90、he car free-resorts lower positioning.Previously open for three quarters of the year,for the 2022/23 season the lifts are set to open in October and close in April.Conversely,North American resorts Vail and Whistler Blackcomb have climbed the rankings as a result of a series of winter storms and ext
91、reme cold weather that brought high volumes of snowfall during the winter season.The weather and domestic appetite for the sport led Vail to extend its winter season to May 1st this year across seven of its resorts.Conversely,French resorts Mribel and La Rosire along with other Alpine resorts in Eur
92、ope,have suffered from milder winter weather in recent years,particularly during last years ski season.However,on average these resorts snowfall tends to vary from year to year.Altitude and season length boost the overall quality and resilience on a global scale.Resort by regionAlps North AmericaSou
93、th AmericaNordics Asia Australia1415Which ski resort is most resilient?THE INDEX TRACKS 61 GLOBAL SKI RESORTS,ANALYSING A RESORTS ALTITUDE,SEASON LENGTH,TEMPERATURE AND SNOWFALL,TO DETERMINE THE RELIABILITY AND QUALITY OF THEIR CONDITIONS.”1617THE SKI REPORT 2022/232022/23 AND BEYONDA successful vac
94、cination program across many countries has facilitated the resumption of normality,and as skiers have the opportunity to return to the slopes,the prime residential market looks set to benefit for the foreseeable future.Having experienced significant price appreciation over the past two years,resorts
95、 with high quality stock,infrastructure investment and dual-seasonality appeal,are likely to continue to be the beneficiaries of further growth,especially given the flexibility that agile working has provided.In correlation with the wider prime market,the ski property market as a whole is unlikely t
96、o be immune to rising interest rates.Despite limited stock,we anticipate that double digit price growth is unlikely to continue into 2023,with growth more likely to plateau in certain locations.At the very top end of the market,where purchasers are more reliant upon equity and less dependent upon de
97、bt,as well as being a safe haven for capital,the impact of tightening monetary policy is likely to remain limited.There is a positive forecast for a good winter season following the snowfalls to date;Australia saw strong levels of snow during their winter season and the Alps and North America have r
98、ecorded a healthy start,reporting good falls at the end of the 2022 autumn.2022/23 and beyondHaving experienced significant price appreciation over the past two years,resorts with high quality stock,infrastructure investment and dual-seasonality appeal,are likely to continue to be the beneficiaries
99、of further growthDESPITE LIMITED STOCK,WE ANTICIPATE THAT DOUBLE DIGIT PRICE GROWTH IS UNLIKELY TO CONTINUE INTO 2023,WITH GROWTH MORE LIKELY TO PLATEAU IN CERTAIN LOCATIONS.”18 THE SKI REPORT 2022/23Savills World ResearchWe monitor global real estate markets and the forces that shape them.Working w
100、ith our teamacross the globe,and drawing on market intelligence and published data,we produce a rangeof market-leading publications,as well as providing bespoke research to our clients.Savills plc is a global real estate services provider listed on the London Stock Exchange.We have an international
101、network of more than 600 offices and associates throughout the Americas,UK,Europe,Asia-Pacific,Africa,India as well as the Middle East,offering a broad range of specialist advisory,management and transactional services to clients all over the world.This report is for general informative purposes onl
102、y.It may not be published,reproduced or quoted,in part or in whole,nor may it be used as a basis for any contract,prospectus,agreement or other document without prior consent.While every effort has been made to ensure its accuracy,Savills accepts no liability whatsoever for any direct or consequenti
103、al loss arising from its use.The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from Savills Research.World ResearchSavills SkiLocal officesEri MitsostergiouDirector+30 Lucy PalkAnalyst+44(0)20 7409 Jeremy RollasonHead o
104、f Savills Ski+44(0)20 7016 3753+44(0)7969 785 Guy MurdochAnnecy/French Alps+33(0)4 57 41 37 85+33(0)6 29 38 26 Sam ScottVerbier sales+41(0)76 603 28 Sophie HarbenVerbier rentals+41(0)79 847 20 Jrme LagoutteCourchevel 1850+33(0)4 79 06 22 65+33(0)6 19 83 29 Arnaud GourdetCourchevel Moriond+33(0)4 79
105、15 16 Ophlie DupontMribel office+33(0)4 79 07 31 55+33(0)6 18 20 52 Sbastien MichaudMorzine ImmoInternational associateof Savills+33(0)450 79 13 09sebastienmorzine- Paul WattsMorzine ImmoInternational associate of Savills+33(0)450 79 13 09paulmorzine-Alexandra JubbVal dIsre Sales+33(0)7 78 36 71 Joh
106、nny CartwrightZell am See+43(0)664 877 Savills has been selling property in the Alps for more than 20 years.One of our first projects was the commercialisation of Arc 1950 in the French Alps,on behalf of Canadian resort developer Intrawest.Building upon the success of this unique village,Savills has
107、 since helped numerous developers and private clients to dispose of or acquire ski property assets.We are able to draw on the expertise of a comprehensive network of best-in-class associates across the Alps,to provide buyers,sellers,developers and investors with the advice they need.Operating from b
108、randed Savills offices in Verbier,Courchevel 1850 and 1650,Mribel,Val dIsre and Zell am See and with associate agents and partners in Morzine,Chamonix,Kitzbhel,Saint Moritz,Gstaad and Saas-Fee,we provide valuation,development consultancy,sales and marketing,and rental services in these and other pri
109、me ski resorts.French AlpsOur flagship office is at the heart of Courchevel 1850,Frances premier Alpine resort.Focusing on prime and super-prime resales,new developments and rentals,this office was complemented in 2021 by a new office in 1650,also servicing La Tania and Le Praz.Additionally,Savills
110、Mribel office provides brokerage services in this ever prime resort.In 2018,Morzine Immo joined Savills as an international associate.Established more than 30 years ago,Morzine Immo provides market-leading sales and rental services for private clients and developers in Morzine.Since the 2021/22 wint
111、er season,Savills now has a dedicated sales boutique in Val dIsere to assist vendors and buyers in this ever popular,prime resort.Swiss AlpsHarnessing 16 years experience of selling property in the Four Valleys,Savills has a dedicated sales and rentals office in Verbier,directly on Place Centrale.In
112、 addition to the other Four Valleys resorts(Nendaz,La Tzoumaz,Veysonnaz and Les Collons),Savills also provides buying and selling services in Villars,Saas-Fee,Grimentz the Gstaad Valley and Morgins,and bespoke property services in other prime Swiss resorts such as Zermatt,Saint Moritz and Andermatt.
113、Austrian AlpsSavills was one of the first international property consultants to enter this market.Since 2005,we have assisted hundreds of buyers to acquire and sell second homes in the region.From our dedicated office in Zell am See,and through partners in Kitzbhel and Lech,we cover the majority of
114、ski resorts in the Tyrol and Salzburgerland.Italian AlpsFrequently overlooked,the Italian Alps and Dolomites are stunning landscapes and include famous resorts such as Cortina,Cervinia,Champoluc and Madonna di Campiglio.Often better value than some of their European cousins,they combine world-class
115、skiing with dual-seasonality.We are pleased to be working with specialists in Alta Badia and Cortina for the 2022/23 season.ResearchUsing our extensive knowledge and first-hand experience of sales and market intelligence,we were the first international property company to publish an annual ski repor
116、t.Tracking sales data and market trends,and including the unique Savills Ski Resilience Index,the report has evolved into an invaluable resource for buyers,sellers and investors alike.Other servicesSavills Ski works closely with a variety of disciplines across Savills that also do business in the Al
117、ps.These include valuation services(for bank,matrimonial or fiscal purposes),Savills Hotels,European Cross Border Division,Savills Global Residential and SPF Private Clients(a specialist in overseas mortgages).Savills ski expertiseUnequalled experience,knowledge and contacts33 Margaret StreetLondon W1G 0JD+44(0)20 7499 8644