There seems to be a lot of confusion about lift passes in Hakuba. Considering Hakuba has over 10 resorts in the valley, the "All-Mountain Pass" sure sounds like a good deal but actually, I never recommend it. One thing most people don't realize is that it needs to be used within a set number of days (this is written on the pass in Japanese only!). The 2 day pass must be used within 3 days, and the 3 day pass expires after 5. Although the All-Mountain pass includes all of the resorts in the Hakuba Valley, you can only use one resort a day. Furthermore, you still need to make your way to the ticket counter to exchange your All-Mountain pass for a day ticket at the resort of your choice and to top it all of you don't actually save all that much money. The Multi-Day passes from the resorts themselves provide better saving and more flexibility. So until the Hakuba Valley gets it together with interlinked resorts and passes, I say, leave the so called All-Mountain pass alone.
Some of the better deals to be had are:
A 3 day pass (non-consecutive) at Hakuba Goryu/Hakuba 47 is ¥12,000
(NOTE: the 2 day pass is a 2 day consecutive ticket)
A 5 day weekday pass (any 5 weekdays) at Hakuba Goryu/Hakuba 47 is ¥16,500
A day pass with lunch and onsen (spa) at Cortina is 3500 yen with a coupon.
A day pass at Kashimayari is 3800 yen
A day pass at Sanosaka is 3800 yen
A day pass at Yanaba is 2500 yen
A Hakuba Alpen Resort Pass
(valid any days of the season at Happo, Iwatake & Tsugaike)
2 day is ¥8,600
3 day is ¥12,000
4 day is ¥15,600
5 day is ¥19,500
6 day is ¥23,400
If you are a beginner, you are better off not buying a day pass at all. Instead, there is a point pass (kaisuken) available that deducts points from your pass as you use the lifts. At Hakuba Goryu/Hakuba 47 a point pass with 11 points is ¥3800. Each lift is 1 point, while the gondola will deduct 2 points. Unlike day passes, the points do not expire at the end of the day, so if you only use a few points one day you can use the rest on any other day.