According to a survey by the National Ski Areas Association Analysis (NSAA), the Credit Crunch is not hitting the American ski industry with the titanic blow that was anticipated. 'According to preliminary results of the NSAA Economic Analysis, increases in operating and pre-tax profit margins created a financially strong 2007-8 ski season. The past season was the sixth consecutive year of solid financial performance with increases in gross revenue and a healthy operating profit for the ski resort industry. In 2007/08, average gross revenue grew 11.4%, to a total of $26.0 million per resort. In the previous season, average gross revenue had grown 5.7% to $23.3 million per resort.' Try telling that to previous employees at Tamarack as the Idaho ski resort closes its doors indefinitely this week due to a low number of visits.
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