A snow-storm hit the resort states of California, Florida and Nevada on Friday, bringing down more than two feet of snow and disrupting hotel stays, leaving the industry struggling to find money to keep the resorts afloat.
The storms came just hours after the U.S. Ski and Snowboard Association reported a $1.8 billion loss in its latest quarterly report.
In addition to the losses, the ski resorts have already incurred a $8.2 million bill for storm damage.
On Saturday, the resorts announced that they will close all of their resorts by the end of the year.
“It is a tremendous blow to our businesses,” the ski industry’s chief executive said.
“We will have to shut down the entire resort operation and we’re going to have to close all our resorts to our guests, our staff, our employees and the community.”