The state of mountain resort communities is being impacted by changing demographics, aging infrastructure, housing shortages, climate change, and expanding year-round tourism to drive economic growth. The public sector (primarily municipalities), developers, and resort owners are investing hundreds of millions of dollars. The investments aim to modernize, diversify, and create resilient resort communities. The desired outcomes and the expected returns on investment are strategic to achieve success today and be relevant for the next generation.

As "revenge travel" is waning and group demand is soaring, this session will examine the forces that drive the current U.S. hotel industry. Higher-end hotels post record room rates while the lower end of the market is showing cracks. This session will examine the reasons for the current bifurcation and how this shapes the current in-construction pipeline and deal environment.