Thredbo Resort Falls in Value Due to Climate Change

1st September 2026

The value of one of Australia’s largest ski resorts, Thredbo, has gone down by nearly $150m (£80m) amid concerns about the future of snowsports in Australia.

Hotel and entertainment corporation EVT’s annual results showed the independent valuation of Thredbo Alpine Resort in the New South Wales Snowy Mountains has dropped from $292m (£155m)to $143m.(£75m).

The report attributed the sharp decline to recent trading conditions during an “unseasonably warm” winter start this June.

The resort also needs capital investment for new chairlifts and snowmaking infrastructure.

The drop comes despite revenue from the resort being up 10% on the back of a solid 2025 snow season, with $50m (£26m)made on lift tickets.

EVT has owned the head lease of Thredbo resort, including the village, for nearly 40 years.

The lease from the NSW government runs until 2057.

See more in this earlier PlanetSKI article:

• Some Australian ski resorts close early

Thredbo, Australia. Image © PlanetSKI