Page 108 - economic report 2021

The number of ski days in the are very pleased with nearby markets such
2021-2022 season more or less regained as Spain and France, especially the excellent
the levels of the 2018-2019 season. behaviour of the Spanish market, which partly
offset the shortage of international clients. On
the other hand, after the Christmas period and
coinciding with the easing of some restrictions on international travel, a recovery in the British
market was noted, which reacted very quickly and exceeded expectations. In contrast, the armed
conflict in Ukraine led to cancellations by Ukrainian tourists and also Polish. Russian tourism was
already virtually non-existent in the last couple of years.

In this context, the rate of investment in improvements to equipment and installations at the ski
resorts also recovered. In 2021, investment was €11.2 million, a higher figure than the €8.85
million in 2020 but still lower than the €16 million invested in 2019.

At Grandvalira Resorts, the final balance for the 2021-2022 season was very positive. On the one
hand, Grandvalira sold 1,722,991 ski days, only 1.6% less than in the 2018-2019 season, and saw
the average client profile improve. On the other hand, Ordino Arcalís achieved 148,000 ski days
but did not regain 2018-2019 figures because it was affected by closures due to the weather
at key moments in the season. Grandvalira Resorts’ revenue was also greatly impacted by the
new dynamic price strategy implemented this season, which boosted the resort’s own online
channels and rewarded advance bookings with
discounts. As a consequence, sales on the
website and apps increased 137% in the case PASSES/DAY SOLD BY SEASON
of Grandvalira and 123% in the case of Ordino Table 12.9 Table 12.8
Arcalís, compared with the 2018-2019 season. Ski days Interannual
106 Season (Passes/day sold) variation (%)
2000 – 2001 2,255,650 -
The season at Vallnord-Pal Arinsal closed
with 491,491 ski days sold and an increase 2001 – 2002 2,482,000 10.0
in revenue of 2% compared with 2018-2019. 2002 – 2003 2,458,000 -1.0
Direct client sales offset the 20% decrease in 2003 – 2004 2,519,333 2.5
tour operator turnover. Equally, the restaurants 2004 – 2005 2,554,000 1.4
achieved record results at this resort. 2005 – 2006 2,528,000 -1.0
2006 – 2007 1,892,990 -25.1

Among the novelties of the 2021-2022 season 2007 – 2008 2,282,000 20.6
The Andorran economy: developments in the main sectors | XII. Services
was notably the new L’Abarset at Grandvalira, 2008 – 2009 2,342,427 2.6
which opened on 28 December 2021 with the 2009 – 2010 2,331,105 -0.5
aim of becoming the benchmark in European 2010 – 2011 2,214,342 -5.0
apres-ski for lovers of electronic music. On the 2011 – 2012 1,994,028 -9.9
other hand, the big international competitions 2012 – 2013 2,181,533 9.4
returned to the Andorran ski resorts this 2013 – 2014 2,356,664 8.0
season, notably the alpine skiing Europa Cup 2014 – 2015 2,344,876 -0.5
Finals at Grandvalira, held between 14-20 2015 – 2016 2,447,112 4.4
March, in which more than 200 competitors 2016 – 2017 2,480,000 1.3
from 34 countries took part. Moreover, this 2017 – 2018 2,514,049 1.4
event served as a test for the finals of the 2018 – 2019 2,438,148 -3.0
2023 World Cup, to be held from 13-19 March 2019 – 2020* 2,227,568 -8.6
in the Principality. For its part, Ordino Arcalís 2020 - 2021 304,438 -86.3
also experienced some great moments in 2021 - 2022 2,362,482 676.0
international competitions with the Freeride (*) Early closure of ski resorts on 14 March due to Covid-19,
meaning 30 less operat ng days.
World Tour, the most important international Note: est mated as 20 days use per pass for seasonal passes.
off-piste circuit which has made a stop at
the Andorran resort for the last eight years, Source: Ski Andorra.