Page 113 - economic report 2021

In this context, businesses’ opinions about business activity in the second half of 2021 show
the most optimistic scenario since the start of the pandemic, with 48% of businesses defining
business as good, compared with 10% of hotels that gave a negative assessment.

Geographically speaking, the improvement in business activity was noted in the central parts
of the country - with a higher concentration of commerce - but also more strongly in outlying
parishes that are more oriented towards nature and mountain tourism. The only exception was
the parish of Encamp with slightly lower results.

The average level of occupancy saw a major rebound in the second half of 2021, in interannual
terms. Now, it cannot be ignored that such a notable correction can largely be explained by the
fact that the sector started at very low levels, after accumulating three consecutive half-years of
steep falls.

The level of hotel occupancy Hotel businesses also indicate that sales prices
rebounded in the second half of 2021. increased overall and the number of employees
followed an upward trend after two half years

BUSINESSES’ OPINIONS OF DEVELOPMENTS IN THE HOTEL SECTOR
(% of businesses) Table 12.12

2019 2020 2021
Jan-Jun Jul-Dec Average Jan-Jun Jul-Dec Average Jan-Jun Jul-Dec Average
1. Business act vity Good 40 36 38 13 0 7 8 48 28
(reviewed half-year) Normal 46 55 51 4 5 5 11 43 27 111
Bad 14 9 12 83 95 89 81 10 46
Balance 26 27 27 -70 -95 -83 -73 38 -18
2. Average distribut on Catalonia 36 40 38 37 32 35 34 44 39
of clients (%) Rest of Spain 22 25 24 24 16 20 26 23 25
(reviewed half-year)
France 22 19 21 24 36 30 30 22 26
Others 20 16 18 15 16 16 10 11 11
3. Level of reservat ons High 6 11 9 4 0 2 3 19 11
(reviewed half-year)
Adequate for period 50 66 58 13 0 7 9 56 33
Low 38 21 30 83 100 92 80 23 52
Reservat ons not taken 6 2 4 0 0 0 9 2 6
Balance -32 -10 -21 -79 -100 -90 -77 -4 -41
4. Average level of Higher 16 31 24 9 3 6 11 75 43
occupancy Equal 44 40 42 4 6 5 20 15 18
(compared with same
half-year in previous Lower 40 29 35 87 92 90 69 10 40
year) Balance -24 2 -11 -78 -89 -84 -58 65 4

5. Prices paid Higher 18 11 15 25 0 13 22 60 41
by clients Equal 61 64 63 50 23 37 42 28 35
(compared with The Andorran economy: developments in the main sectors | XII. Services
previous half-year) Lower 20 25 23 25 77 51 36 12 24
Balance -2 -14 -8 0 -77 -39 -14 48 17

6. Number of employees More 11 19 15 13 6 10 8 40 24
(compared with same Same 78 77 78 50 25 38 42 43 43
half-year in previous
year) Less 11 5 8 38 69 54 50 18 34
Balance 0 14 7 -25 -63 -44 -42 22 -10
Source: Chamber of Commerce, Industry and Services of Andorra.