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This paper addresses the future of French mountain resorts. They face two major trends: on the one hand, changes in tourist habits with much shorter stays, a greater availability of leisure time and, generally speaking, shifts in customer expectations; and, on the other, changes in housing and residential conditions with the extension of peri-urbanization around French cities. These processes contribute to making real-estate management a critical factor in the competitiveness of mountain resorts. Historically, State policy for resort development was based on close ties between skiing equipment and site lodging, but today, tourism development shows clear signs of malfunctioning. Mid-altitude resorts are directly impacted by the development of shorter stays at lesser distances, in conjunction with new residential phenomena. High-altitude resorts are confronted with a steady drop in the number of paying beds. All these real-estate phenomena raise questions concerning the resorts' adaptability and highlight the importance of real-estate management tools. [ABSTRACT FROM AUTHOR]