Managing Risk of Ski Resorts with Snow Options

Emanuele Sileo
The main problem for the tourism businesses which operate in ski resorts is that their revenue are strictly connected to the cumulative snowfall level. The uncertainty about the snowfall due the climate changing has made this type of business highly risky, for this reason few or no investments are made every year to improve the resorts, the slopes or the lifts; continuing in this way, the resort in few years will face to a loss...