Vail Resorts is the biggest ski resort management company in the world. They own several mountains in Colorado, and also some of the best resorts in California, Utah, and now even in Canada and Australia. They've even started to acquire smaller local ski mountains in the Midwest.
If you're an avid skier or snowboarder and you live even remotely close to one of their mountains, it's undeniable that their Epic Pass is the best deal in the ski industry. If you're unfamiliar with the Epic Pass, it's a season pass that grants you access to all of Vail Resorts' mountains all over the world. Depending on the time of year you buy and which option you chose, you can ski all of those mountains for around $800 for the year. That's much cheaper than most single resort passes.
This is a great deal if you already ski or ride a fair amount every year. It also makes perfect sense for Vail. People will buy the pass for their local mountain, but they'll also travel to other parts of the country and world to ski the other mountains on the Epic Pass. And when they do that, they'll stay in hotels, eat at restaurants, buy gear at the shops, and go out to bars; all of which Vail also owns. Vail has also diversified their portfolio. If California has a bad winter, they can make up for it with their other areas. The whole thing is an incredibly smart business model.
So what's the issue? Well one thing is pretty clear: this model will probably start to drive out smaller market ski areas. You know that local mountain that you grew up skiing at? There's a good chance it will be deserted in 10 or 20 years. They won't be able to compete. That's fine. That's business. It will be good for Vail. They'll have a bigger share of the market now. And for everyone that has the Epic Pass it's no big deal either. That's life, things change.
So what's the real problem? It's pretty simple. Vail isn't trying to get any new people into skiing or riding.