Colorado

Paper Summary:

This paper examines how tourism has always been one of Colorado's leading industries, employing more than 200,000 Colorado workers and attracting a variety of tourists. It looks at how in 2001, Colorado's booming economic growth came to a halt, mainly because of the same factors that caused the current U.S. recession and how today, the state is experiencing a stagnant economy and the weakest employment performance in decades. As a result, many industries, including travel and tourism, are sluggish.

Outline
Introduction
Current Resources and Methods of Staying Afloat
Recommendations for Small Colorado Resorts
Conclusion

From the Paper:

"In 2002, Colorado's $1.7 billion ski industry was hit with an unprecedented meltdown as many skiers chose to say home during the winter (Thredgold, 2002). As a result of many economic factors, including an increased fear of flying, economic uncertainty and a lack of early-season snow, many smaller ski resorts are in danger of going out of business. In addition, a sagging economy, high-profile forest fires and one of the worst droughts in recent history, in general, hurt the tourism industry. To make matters worse, fear of terrorist attacks and the current war has further increased consumer anxiety about air travel and airport security delays this year. As a result, there are more locals hitting the resorts and fewer tourists."

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