Page 114 - Economic report 2018

platform in the Soldeu sector, with underground parking for 450 vehicles. This platform
meets the need to improve the finish point of the Avet slope to host the Alpine Ski World
Cup Finals in March 2019. Also of note are the new water deposit at Vallnord-Pal Arinsal,
allowing the creation of snow for the resort after just three consecutive days of cold
weather, and the new Tristaina cable-car, joining the base of the Ordino Arcalís resort to
the base of the Coma sector. The cable-car involved an investment of nearly 7 million
euros and is the cornerstone of the Ordino Arcalís master plan. Also, many campaigns
were promoted abroad and the organisation of large events and international promotion of
activities to attract potential clients continued.

As for the spa, Caldea, the operating company (SEMTEE, SA) is continuing its business strategy
aimed at increasing the frequency and average entry per user, with a policy of promoting new
projects such as Caldea Likids (spa area for children aged 3 to 8) and Inúu. In 2018, the spa
passed the threshold of 400,000 customers for the second consecutive year. Specifically, there
were 403,005 visits, 0.2% more than in the previous year, figures that are comparable to those
before the crisis. The consolidation of Inúu,
only for adults, added 71,843 entries and was In 2018 Caldea improved on
the main driving factor. For its part, the spa 2017’s net profits.
has had an enviable status for 25 years, with
over 300,000 customers year after year. The
incorporation of Likids was important, an area visited by 10,933 children (-5.3% compared with
the previous year). In the last five years, income has improved cumulatively by almost 35%,
from 11.3 million in 2014 to 15 million in 2018. Growth in turnover for the period 2014-2018
was combined with contained operating costs, so Caldea ended 2017 with net profits, after
several years of losses due to the economic crisis and the investment effort involved in opening
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Inuú. In 2018, it managed to increase profits to 433.9 thousand euros, almost double the 245.4
thousand euros in 2017. For 2019, Caldea presents two new features: the panoramic pool at
the spa and expanded club members’ facilities.

In 2018, the Ice Palace also had good results. Operating income grew at a modest rate of
1.3%, but expenditure increased by 10.6% and current subsidies remained constant at 369,000
euros. Altogether this meant a profit of 26,085 euros, lower than the 129,016 euros in 2017.

In contrast, Naturlàndia, the ecological theme park of Camp de la Rabassa, received 8.4% less
The Andorran economy: developments in the main sectors | XII. Services
visitors in 2018 compared with the previous year (143,408 visitors in 2018). 50% of visitors
choose the day pass and the other 50% buy a single ticket for Tobotronc or the animal park.
The opening season (winter 2018-2019) lasted
112 days, but due to the lack of snow, some
activities such as skiing were out of operation NUMBER OF BEDS IN TOURIST Table 12.9
or very limited. Specifically, 25 ski days had ACCOMMODATION BY TYPE
to be cancelled.
% var. % total
The Cirque du Soleil attracted 2017 2018 18/17 2018
more visitors in July. Hotels 27,874 27,663 -0.8 84.1
Hostals / residencies 380 334 -12.1 1.0
Pensions 240 219 -8.8 0.7
Diva, the show by Cirque de Soleil, was Aparthotels 2,603 2,663 2.3 8.1
performed between 30 June and 29 July Tourist apartments 2,002 2,024 1.1 6.1
2018, ending with a very positive balance. Total 33,099 32,903 -0.6 100
Income from the show reached 1.2 million
euros (26% more than the previous year), of Source: Department of Tourism / Department of Statistics.
which 1.1 million came directly from ticket