(AOF) – The consolidated turnover of Compagnie des Alpes for the 1st quarter of the 2021/2022 financial year amounts to 166.7 million euros, establishing a historic level for this period. Restated from leaving Les 2 Alpes, it is up 36.6% compared to the 1st quarter of the 2018/2019 financial year (last full financial year before the health crisis) and 20.5% compared to the 1st quarter. of the 2019/2020 financial year (before the start of the health crisis) despite a still heavy health context.
This performance was achieved thanks to the very good momentum of Leisure parks, whose revenue reached €99.4 million, up 43.4% compared to the first quarter of the 2018 financial year. 2019.
For its part, revenue in Ski areas reached 62.6 million euros, an increase of 25.6% compared to the first quarter of 2018-2019. While the group deems this start to the season satisfactory in a still heavy health context, it explains that it includes a positive calendar effect which skews the comparison compared to previous years. As of December 31, this quarter has 14 days of French Christmas school holidays, compared to 10 for 2018. Corrected for this effect, estimated at approximately 15 million euros, revenue is 5% lower compared to the same period of the 2018/2019 financial year.
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Hospitality & Leisure: new expectations from travelers
The sector suffered a 74% drop in tourist arrivals worldwide in 2020 according to the World Tourism Organization (UNWTO). At 500 million, these arrivals have fallen to their level of the early 1990s.
Globally, the sector lost 1.3 trillion dollars last year following the Covid-19 pandemic. A return to normal is expected for 2023, particularly under the effect of vaccination, with changing requirements.
Continued growth for major global hoteliers
In 2020, the hotel park of the major operators has progressed according to the firm MKG, with the exception of that of the Indian Oyo and the American Wyndham. The 54.3% contraction in its customer base pushes Oyo from second to ninth place, due to its decline in China (-75%). On the other hand, the three major Chinese groups (Jin Jiang, Huazhu, and BTH), which are among the top ten global operators, have continued to expand. Their domestic market, in the recovery phase from 2020, shows considerable needs.
Jin Jiang, which notably owns the French Louvre Hotels Group, has regained its place as number two in the world. As for the world leader, the American Marriott International, the growth of its park exceeded 3%, as well as for Accor, and it almost reached 5% for Hilton.
This expansion can be explained by the economic model of the major operators and by the appetite of investors, who are confident in the sector’s medium and long-term prospects.
Emergence of a new tourism
Local tourism, which has suffered the least from the health crisis, should emerge strengthened. On the other hand, business travel should continue to be penalized in the short term for health reasons and because of the reductions in company costs authorized by new tools (Teams, Zoom, etc.).
Travelers’ expectations have evolved. They are more sensitive to flexibility (possibilities of cancellation, flexible departure dates, etc.). Several tour operators believe that prices should increase to take into account the
and
s ecological costs and a rebalancing of wages. They believe that operators offering a differentiating experience should be the big winners from this crisis.