Powder Paradise: Japan’s Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow

Post originally Published November 30, 2023 || Last Updated December 1, 2023

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Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Hakuba Valley Leads the Charge


Powder Paradise: Japan’s Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow

Nestled in the Japanese Alps, Hakuba Valley has long been revered as Japan's premier ski destination. With ten world-class resorts spread across seven separate snowy valleys, it's easy to see why powderhounds flock here. The past few years have seen major investments pouring into Hakuba, thanks in large part to the weak yen making ski vacations more affordable for foreigners.

Hakuba Happo One has emerged as the area's premier resort, with impeccably groomed trails and tree skiing that appeal to everyone from beginners to experts. The recent addition of the Sky Plaza complex brings together shops, restaurants, and lodging options in an Alpine-inspired village setting. Guests at Happo can now access the entire Hakuba Valley via shuttle buses departing from Sky Plaza, making it easy to experience all the region has to offer.
Over at Hakuba 47, new quad chairlifts have reduced wait times and improved uphill capacity. The resort has also expanded its renowned backcountry offerings, with guides now leading small groups on exhilarating tours that take advantage of Hakuba 47's untouched off-piste terrain.
Those seeking a more intimate experience should consider Hakuba Goryu, which has retained its quaint village charm even amidst upgrades to its snowmaking equipment and terrain parks. Après ski doesn't get much better than relaxing in the open-air onsen while snow softly falls at the nearby Ryokan Kanoka.
No matter which resort you choose, Hakuba delivers spectacular scenery and snow that seemingly never stops falling. Its unique valleys capture and enhance passing storms, resulting in annual snow totals that exceed 500 inches. While some lesser-known Japanese resorts have struggled in recent years with fickle weather patterns, Hakuba's perfect positioning ensures reliable, abundant snow year after year.

What else is in this post?

  1. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Hakuba Valley Leads the Charge
  2. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Niseko Ups its Luxury Accommodations
  3. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Nozawa Onsen Blends Tradition with Top Terrain
  4. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Rusutsu Offers something for Everyone
  5. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Furano Promises Powder Without the Crowds
  6. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Shiga Kogen Boasts the Most Ski Areas
  7. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Myoko Kogen Attracting Investment from Abroad
  8. Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Hokkaido Offers Endless Winter Wonderland

Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Niseko Ups its Luxury Accommodations


Niseko is arguably Japan's trendiest ski destination, with its powder snow, backcountry access and lively après-ski scene. While Niseko has always had a reputation for outstanding terrain, recent years have seen major investments in luxury accommodations that take the area's appeal to a whole new level.
Chief among these is the new Park Hyatt Niseko Hanazono, which opened its doors this past winter. Managed by the renowned Park Hyatt brand, the property brings a new standard of luxury to Niseko complete with an acclaimed spa and stunning suites offering private onsen baths. Guests rave about the oversized rooms and floor-to-ceiling windows with views of Mount Yotei. The hotel's ski valet and custom-built snowcats ensure you get first tracks without having to schlep all your gear. Après ski is best enjoyed fireside at the stylish Bar Steak & Caviar, while the more adventurous can try heli-skiing with exclusive access to the resort's private snowcat.
Over at the Four Seasons Overseas Niseko Village, an extensive recent renovation has given a new shine to what was already one of Niseko's premier luxury addresses. Everything from the lobby to the spa has been reimagined, while the guest rooms now exude understated Japanese elegance. Dining options range from casual pub fare to world-class sushi, though the star is Michelin-rated Sushi B for its 16-course omakase served in a tranquil snowy setting. Concierge can arrange cat skiing, snowmobiling and even paragliding for those seeking adventure between runs.
Smaller boutique hotels are also positioning themselves as luxury leaders in Niseko. Properties like Asper and Lupicia Niseko deliver intimate, design-forward escapes just steps from the slopes. Guests rave about the bespoke experiences and personalized services. Everything from private yoga sessions to backcountry guide rentals can be arranged, allowing you to craft a Niseko ski experience exactly suited to your tastes.

Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Nozawa Onsen Blends Tradition with Top Terrain


Powder Paradise: Japan’s Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow

Tucked amidst the peaks of northern Nagano, Nozawa Onsen has long lured powderhounds with its epic terrain and authentic village vibe. While many Japanese ski resorts have heavily modernized, Nozawa Onsen proudly retains its traditional roots. Lodging options range from family-run ryokans to luxurious hot spring hotels, but all exude classic Japanese charm. Après ski typically means soaking in the area's famous onsens before wandering the lantern-lit streets and sampling local sake.

Yet make no mistake - Nozawa Onsen also delivers world-class skiing on par with the top global destinations. The resort spans three separate peak areas, ensuring variety across its 21 runs and 9 ski lifts. For intermediate cruisers, the Yamabiko area offers sweeping groomed trails and panoramic mountain views. Those seeking tree runs and hidden powder stashes should explore the Schneider Bowl area, where dense glades and steep pitches reward advanced skiers. And Paradox promises cliff diving, half pipes and kickers to satisfy even the most hardcore freestylers.
Recent upgrades have made getting around Nozawa Onsen even easier. New high-speed quad chairlifts whisk skiers up the mountain in minutes, while free shuttle buses connect the village's three base areas. Lift ticket packages now include the option to ski at nearby Cortina Ski Resort, providing access to an additional 34 runs just a quick bus ride away.

While Nozawa Onsen sees far fewer foreign visitors than Niseko or Hakuba, those in the know rave about its welcoming community and family-friendly vibe. Lodges like Lodge Nagano pride themselves on providing personalized service, while long-time residents eagerly share local secrets like the best street food stands hidden down snowy side alleys. English menus and signage reduce language barriers, and kids love traditions like the Dosojin Fire Festival held each January.
The past few years have also seen exciting development, including new dining options further enhancing Nozawa Onsen's lively food scene. The intimate pizza joint Firewood sources locally milled flour for its to-die-for thin crust pies, while intimate subterranean sake bar Moyashi stays packed with locals and travelers alike. Hotel Green Plaza Karuizawa leads the charge on modern luxury, enticing guests with its sleek Nordic design and acclaimed French restaurant.

Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Rusutsu Offers something for Everyone


Tucked amongst the rolling hills of Hokkaido, Rusutsu Resort delivers spectacular scenery and terrain for every level of skier and snowboarder. While lesser-known than Niseko, Rusutsu has quietly emerged as a world-class ski destination in its own right. Recent upgrades have expanded the resort's appeal, cementing its reputation as a Japanese ski vacation spot with something for everyone.
Rusutsu shines for families thanks to its extensive beginner and intermediate terrain. Wide, gentle slopes give first-timers plenty of space to get their ski legs without fear of getting in over their heads. Families also love activities like sledding, snow rafting and snowmobiling, not to mention cute touches like snowmen decorated all over the resort. Multi-generational groups can ski together thanks to runs that span a spectrum of difficulty levels. After a full day hitting the slopes, there's no better way to unwind than in East Tower's massive swimming pool complex, complete with waterslides and hot tubs.
Yet experts are also singing Rusutsu's praises, thanks to recent expansion of its gnarly off-piste terrain. Powder fiends now have access to incredible tree skiing and steep pitches on the resort's northern peak, which previously could only be accessed via snowcat. Thigh-deep dry Japan powder rewards those willing to hike a bit for the goods. Local legend has it that Rusutsu averages over 40 feet of snow per year, and one run through its gladed chutes will leave you a believer.
Rusutsu also appeals to those who want a resort experience minus the crowds of Niseko and Hakuba. Lift lines are essentially non-existent, and the winding trails never feel congested. The laidback local vibe encourages taking it slow and soaking up Hokkaido's majestic mountain scenery. While Rusutsu offers plenty of dining and après ski options, the scene remains relatively low-key compared to other major Japanese ski destinations.
Recent investments have enhanced Rusutsu's offerings across the board. The new Quad Lift complex in the main plaza area improves uphill access and provides an easy gathering spot to refuel and warm up. For luxury seekers, the dazzling new Lava East Wing brings 5-star accommodations and amenities, with its own private onsen and ski valet service. Yet Rusutsu has also doubled down on budget-friendly options like log house cabins and eclectic dorms tricked out with colorful art installations.

Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Furano Promises Powder Without the Crowds


Tucked amidst Hokkaido's rolling farmland, Furano feels a world away from Japan's bustling cities. Yet this charming mountain town also delivers incredible skiing and snowboarding without the crowds that plague resorts like Niseko. For those seeking loads of dry powder minus the pretense and congestion, Furano is a dream destination.
With 24 runs spread across two interconnected resorts, Furano offers terrain for all ability levels. Wide groomed cruisers appeal to less experienced skiers, while steeper pitches and tree-skiing terrain cater to experts. Despite the majority of runs rated intermediate, beginners have nothing to fear at Furano or Furano Zone thanks to mellow slopes and top-notch ski schools. Multi-generational groups especially appreciate the variety of difficulty levels, allowing first-timers and veterans to ski together.

Unlike flashier Hokkaido resorts, Furano offers an authentic Japanese ski experience devoid of international hustle. Family-run pensions and cozy log cabins exude rustic charm, while local restaurants serve up piping hot ramen perfect after a long day hitting the slopes. English translations are less common than Niseko, but Furano prides itself on warm hospitality that crosses language barriers. Après ski is best enjoyed in one of the area's atmospheric bars pairing creative cocktails with mountain views.
While Furano sees a fraction of the foreign visitors as bigger Hokkaido resorts, powderhounds are catching onto its incredible snow. The area averages a staggering 56 feet annually, and locals say on a good year they've seen up to 90 feet accumulate. All this fluffy white stuff means first tracks 12 hours after a storm and playful powder days even late into the season. Tree skiing is especially epic, with glades so choked in dry snow that just bouncing through them feels like floating on clouds.
For such an under-the-radar destination, Furano offers some seriously luxe lodging options beyond budget pensions. The newly renovated Furano Prince Hotel boasts a scenic position overlooking the slopes, along with an acclaimed restaurant and relaxing onsen baths. At the ultra-exclusive Furano Excel Hotel Tokachi, guests spend their days heliskiing virgin snowfields before indulging in elaborate multi-course dinners. Smaller boutique hotels like Furano Natulux offer bespoke experiences like private snowshoe tours through pristine mountain scenery.

Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Shiga Kogen Boasts the Most Ski Areas


With an incredible 21 different ski resorts and over 70 separate runs, Shiga Kogen stakes its claim as Japan's largest ski destination. Located in the heart of the Japanese Alps, this massive ski area seems to go on forever thanks to seamlessly connected trails spanning 19 miles. Whether you've got a week or a whole season, it's impossible to run out of terrain to explore at Shiga Kogen.

Despite its size, Shiga Kogen offers a laidback vibe that appeals to families and casual skiers. The majority of runs cater to beginning and intermediate ability levels, allowing even first-timers to get their ski legs without getting in over their heads. Kids love winding their way down meandering cruisers like the 8.7-mile Yakebitai Trail, which rewards shredders of all levels with iconic views of the Yakedake Volcano in the distance.

More advanced skiers flock to areas like Ichinose Family Ski Resort for steeper pitches and a terrain park geared toward hardcore freestylers. Those seeking backcountry lines and hidden powder stashes should head to Mount Yokote, where dense forests set the scene for epic tree skiing. With over 230 miles of backcountry, Shiga Kogen delivers seemingly endless off-piste possibilities for thrill-seeking powder fiends.
Shiga Kogen also appeals to travelers seeking an authentic Japanese experience compared to the internationalized feel of Niseko. Family-run lodges exude traditional charm, while elderly locals still reminisce about the resort first taking shape in the 1930s. Soba noodle shops, tempura bars and tiny izakayas are the area’s version of après ski. English translations are less common than major resorts, but the welcoming community means language barriers rarely get in the way of enjoying this special destination.

Recent years have seen exciting development aimed at enhancing Shiga Kogen’s offerings while retaining its quaint character. The new Plateau Shiga Kogen by Hilton opened a sleek ski-in, ski-out property with a stylish lounge and sweeping mountain views. An extensive recent renovation gave the vintage Hotel Shiga Kogen Dudova a fresh and contemporary new look. Yet traditional ryokans like Ichinoyu Honkan still offer quintessential Japanese hospitality just as they have for over half a century.

Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Myoko Kogen Attracting Investment from Abroad


Tucked amongst the peaks of Niigata Prefecture, Myoko Kogen is a rising star that's catching the eye of international investors. While lesser-known than high profile resorts like Niseko, powderhounds are quickly realizing that Myoko delivers the same spectacular terrain without the crowds and cost. For savvy travelers seeking fresh powder without pretense, Myoko Kogen is the ultimate under-the-radar ski destination.

Recent years have seen major investments pouring in from abroad, poised to elevate Myoko into Japan's next world-class ski destination. The most exciting is a $115 million expansion headed by French leisure group Club Med, which will quadruple the size of its existing Sahoro Resort property. The new Club Med Myoko will span 148 acres, making it the largest ski resort in the Myoko area. Guests can look forward to upgraded lifts, expanded beginner areas, and the brand's famous ski circus with lessons for all ages. Accommodations will range from standard hotel rooms to luxe family suites, not to mention East Asia's largest Club Med spa.
Yet Club Med isn't the only company staking its claim in Myoko Kogen. Earlier this year, Scandinavian group SkiStar purchased a majority share of nearby Akakura Onsen ski resort, with plans to invest over $25 million in upgrades. Akakura will see expanded terrain, new high-speed lifts, and an 80-room hotel managed by Scandic Hotels. SkiStar CEO Mats Årjes raved about Akakura's incredible snowfall and seemingly endless off-piste terrain ripe for development.

Smaller boutique ski hotels are also popping up to cater to discerning travelers who prefer a more intimate escape. Australia-based Pension Jankyoo lures powder fiends with its legendary backcountry guiding program. Guests spend their days tagging along with seasoned local pros as they traverse seemingly impossible lines, then unwind with a soak in the pension's open-air onsen. Elevation Hotel & Residences, run by an American expat couple, delivers slope-side luxury in a modern alpine lodge complete with farm-to-table dining and artisanal cocktails.

Powder Paradise: Japan's Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow - Hokkaido Offers Endless Winter Wonderland


Powder Paradise: Japan’s Epic Ski Resorts Attract Fresh Investment Thanks to Weak Yen and Deep Snow

Boasting over 500 inches of featherweight powder annually, Hokkaido is a mythical promised land for powderhounds seeking endless winter adventure. Japan's northernmost island captivates with its pristine wilderness and cordial locals who consider deep snow a way of life, not a nuisance. Beyond iconic resorts like Niseko, avid skiers and boarders are discovering a wonderland of emerging destinations that deliver the goods without the glam.

Secluded Colosse Hakuba proudly claims to get the most snow of any resort worldwide, tallying up to 100 feet per year. Virgin backcountry spans 360 degrees, promising fresh tracks weeks after a storm. While the area's four lifts may be antiquated, you'll enjoy no lift lines here. Owner Nobu Mori's passion project exudes a mom-and-pop vibe, like Niseko before it blew up. Guests rave about home cooked meals, private onsen, and personalized guiding that utilizes Nobu's secret stash of snowmobiles to access the best stashes.
For those really wanting to go off the grid, Rumoi Ski Resort is so remote that accessing the trailhead requires a 90-minute snowcat ride. The reward is riding powder so deep it swallows you whole. Tree skiing here is otherworldly, with glades so choked that floating to the bottom feels more like swimming. Locals call Rumoi "the Tibet of Hokkaido" for its peaceful spiritual energy atop the wilderness. Luxury digs come in the form of simple yet cozy mountain huts offering awe-inspiring views of the night sky.
Extreme skiers are also buzzing about Pippu Ski Resort, which serves up some of Japan's rowdiest terrain. Cliff hucks, chutes, and tight trees will leave experts shrieking for joy. Side-country access means you can easily hop the gate to explore virgin lines, while slackcountry setups offer lodging and dining right at the chairlift's base. Pippu may not be for the faint of heart, but experts say nowhere else matches its gnarliness.

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