Thredbo’s woes: Is a ski resort without snow like a pub with no beer?

August 25, 2026 — 12:44pm

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For sale: large Australian ski resort with unreliable snow. All offers considered.

It is more than 10 years since James Packer saw the writing on the wall – or at least the patches of grass popping up from the snow on the ski fields of Kosciuszko’s Perisher resort – and offloaded the resort to US-based ski resort giant Vail.

Skiing was long considered a rich person’s sport and there was historically a vanity aspect to ownership of both Australia’s major alpine resorts, Thredbo and Perisher. But global warming has melted their appeal.

After an underwhelming season at what is arguably Australia’s premier ski resort, Thredbo, the hotel group controlled by the billionaire Rydges family, EVT, is weighing the possibility of offloading it.

It is one of a laundry list of assets the company is considering for sale. Finding a buyer and getting a reasonable price will determine that outcome.

On Tuesday, EVT wrote down........

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