CDA's ski areas are located at high altitudes and enjoyed good ski conditions throughout the "difficult" 2006-7 season. While French market volume contracted by 14% (source: SNTF), CDA's attendance declined by just 3.4%.
"This once again underscored the relevancy of CDA's strategic decision to invest only in high altitude properties." said a company statement.
The company is expecting to report a strong performance for 2008 thanks to the full integration of STVI (Val d'Isère's lift company); the roll out of approximately 1,300 new beds with strong overall occupancy; and a probable attendance rebound from the 2006-07 decline.
As of 1st December reservations for accommodations were up 5.1% relative to 1st December 2006 and the company's resorts were enjoying the best snow conditions at the start of the season in the last seven years.