SkiStar, the Scandinavian ski resort operator which last year purchased the Austrian ski resort of St. Johann in Tirol has announced it will be spending a total of EUR 17 million to build a new gondola lift with snowmaking systems on adjacent slopes.
“The investment means a greatly improved ski product for beginners as well as more advanced skiers at St. Johann,” said a company spokesperson.
Skistar say their revenue for the first six months of this season was SEK 1,358 million, an increase of SEK 161 million (13 percent) compared with the previous year and their best ever results. They say late season bookings are down 4% on last year which they blame partly on an early and warm spring in the southern part of Scandinavia and partly on the late Easter.
SkiStar owns and operates ski resorts in Sälen, Åre, Vemdalen, and Hammarbybacken (Stockholm) in Sweden where it has 50% of the market and Hemsedal and Trysil in Norway, which representing 31% of the Norwegian market, and St Johann in Tirol in Austria.