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Tag: The Chedi Andermatt

  • Year-round destination Andermatt

    Year-round destination Andermatt

    «During the journey from Göschenen to Andermatt you can see and feel the power of these rough and massive rocks. It’s a sight I’ll never forget,” says Samih Sawiris, Egyptian visionary and investor, on his first trip to Andermatt. During his visit in 2005, he was supposed to support the Uri government as an advisor in making Andermatt more attractive again after the withdrawal of the Swiss army. But he quickly decided to develop a tourism project for Andermatt himself.

    High level of construction activity in recent years
    This first visit to Andermatt is now 17 years ago. Andermatt is now in the middle of developing into a prime alpine destination. In the Andermatt Reuss district of the village, 15 apartment buildings were in operation at the beginning of the year, three under construction and several in the planning stage. In addition to the apartment buildings, there are two hotels: The Chedi Andermatt in the village center opened in 2013 and the Radisson Blu Hotel Reussen in 2018. The Gotthard Residences, apartments with hotel service, are connected to the Radisson Blu Hotel Reussen. In accordance with the sustainability principle of the Andermatt Swiss Alps, Andermatt Reuss is car-free, all houses are built to low-energy standards and the electricity comes from renewable sources.

    How it all started
    The vision for the tourist destination was presented to the population of the Ursern Valley at the end of 2005. In March 2007, the municipality of Andermatt approved with 96% yes votes. As a result, the Swiss army sold a majority of the areas used for military purposes. The Andermatt Reuss part of the village is now being built on this ground. International architectural competitions were announced for the apartment buildings and the design of the master plan.

    As a unique project of this scope and because of its national importance, the Federal Council exempted it from the Lex Koller in 2007, which also approved the district design plan.

    In addition to real estate and the hotel industry, the tourist offer in the Ursern Valley is also being expanded. At the same time, Andermatt Swiss Alps AG took over the ski area in order to expand and modernize it. Over the course of three years, lifts were renewed or newly created and a continuous network of 120 km of slopes up to Sedrun was realised. Together with Disentis there are even 180 kilometers of pistes.

    Year-round destination Andermatt
    New offers are also being created for the summer months. The Andermatt Swiss Alps Golf Course opened in 2015. This was awarded the globally recognized GEO certification. The 18-hole golf course was awarded Swisstainable Level III, leading by Switzerland Tourism. The cultural offer in Andermatt was supplemented in mid-2019 by the highest concert hall in the Alps. The Andermatt concert hall was designed by Studio Seilern Architects under the direction of Christina Seilern.
    A further 20,000 m2 of the infrastructure base is currently being created in order to build the next houses and hotels. A total of 42 apartment buildings, 6 four- and five-star hotels and several villas are planned.

  • Andermatt Swiss Alps is growing at double-digit rates

    Andermatt Swiss Alps is growing at double-digit rates

    In the 2021 financial year, the Andermatt Swiss Alps Group generated sales totaling CHF 201.1 million, according to the company responsible for the development, realization and operation of the holiday destination . In a year-on-year comparison, this corresponds to growth of 30 percent. The operating result at the EBITDA level increased by around CHF 20 million to CHF 25.3 million in the same period. A loss of CHF 8.0 million was reported as a net result. The Andermatt Swiss Alps Group writes that the result from the previous year was improved by CHF 24.4 million.

    “It is very gratifying that we were able to massively increase our sales and profitability in 2021,” said Group CEO Raphael Krucker in the statement. On the one hand, real estate sales worth CHF 122 million, up 58 percent year-on-year, contributed to the positive developments. On the other hand, the two hotels in the group, The Chedi Andermatt and Radisson Blu Reussen, reported a positive operating result for the first time due to the increase in sales and occupancy as well as the reduction in costs.

    The SkiArena Andermatt-Sedrun, on the other hand, continued to suffer from the consequences of the pandemic in the winter season and from the bad weather in the summer, the statement explains further. Specifically, Andermatt-Sedrun Sport AG’s sales of CHF 21.6 million were around 10 percent lower than in the previous year.

  • Andermatt Swiss Alps remains on the road to success

    Andermatt Swiss Alps remains on the road to success

    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.