Andermatt Swiss Alps remains on the road to success

Altdorf, November 2020

The Andermatt Swiss Alp Group is continuing its positive business development from the first half of 2020. At the end of October, properties worth around 85 million francs had been sold. Summer operations in Andermatt also increased year-on-year.

Between January and October 2020, the Andermatt Swiss Alps Group was able to sell properties worth more than 85 million francs, the company responsible for the development, realization and operation of the holiday destination informs in a message . In a year-on-year comparison, this corresponds to growth of 28 percent. The number of visitors to the SkiArena Andermatt-Sedrun and the Andermatt Golf Course during summer operations increased by 12 and 50 percent respectively compared to the previous year. This means that the group has continued its positive business development from the first half of 2020, according to the announcement.

The Hotel The Chedi Andermatt was also able to book significantly more overnight stays in the first ten months of 2020 than in the previous year, the Andermatt Swiss Alps Group continues in the message. Specifically, "the historically highest occupancy rate" of 68 percent was achieved. In the same period of the previous year, the hotel The Chedi Andermatt had an occupancy rate of 53 percent.

As of October 31, skiing on the Gemsstock started due to the pandemic with a corresponding plan of action, is further explained in the communication. The canton of Uri has certified the operators safe operation, writes the Andermatt Swiss Alps Group. On the first two weekends of the winter season, the ski operation on the Gemsstock was sold out with around 1000 guests a day.

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