The "don't build real estate" model is looking much more viable at the moment, isn't it Lou!
More seriously, Wolf Creek (or the Friends of Wolf Creek) have been fighting for over a decade to prevent a new 1,600+ unit village from being built around the base area. This real estate bust has probably done more to doom that project than all the lawsuits in the world... I hope. Whatever it takes to shut that thing down.
Unless mother nature plays a cruel game with us in the East, we'll have a very good year in the Mid Atlantic. Most of the West is accessible primarily by plane unless one wants to spend an inordinate amount of time in a car. With airfares going through the roof and airlines charging for each peanut besides each piece of luggage, getting to out-of-the way places may be a problem.
I'm 90% in agreement, except... the resorts out west still want vacationers. There's a reasonable chance that if you're right (and if the folks I heard talking about "stay"cations were right- thanks for using that by the way Lou! I giggled when I saw it), the western resorts will offer deep discounts to bring people out there. Take, for instance, the lodging situation. You've got timeshares and second homes, and the owners are starting to ask a lot of questions, so it might behoove the resort developers- particularly ones that are still building- to offer amazing ski deals just to get some occupancy and try to keep some of the units from going into default. It's just like chairlifts and airline seats: selling a ride for $1 is better than selling it for $0.
So the flip side is, if the resorts are really worried, they might have some FANTASTIC packages this winter. On the other hand, there may be enough demand going local out west (L.A., San Diego, Denver, Albuquerque, Boise, Salt Lake, Seattle, San Fran, Las Vegas, etc) that they won't be too affected. Who knows.