This article, drawing on the analytical approach of institutional resource regimes (IRR), offers an original analysis of the challenges of resource management in an Alpine touristic space (Crans-Montana in Switzerland). Particularly, it shows how an approach in terms of IRR allows identifying the institutional and political conditions for sustainable management, not only for touristic activities as such, but also for a territorial system of resources as a whole. Based on this analysis, the article advocates the development of a “resource geopolitics” strategy capable of coordinating the different resource regimes at the scale of the functional space of the tourist resort.