Swiss tourism expected to grow by 2.7% in 2018

Published on : Friday, November 9, 2018

ETH-KOF economic research shows that Swiss tourism will grow by 2.7 per cent in 2018 and 2.4 per cent in 2020.

 

It is estimated that the number of overnight stays in the summer season has risen by 3.1 per cent compared to 2017. The reason for the rise has been attributed to good international economic situation, the weaker franc and splendid weather. The rise was recorded in the cities and the Alpine region. The foreign travellers boosted the growth especially from Asian and North American regions.

 

In the winter season, overnight stays are expected to increase by 2.3 per cent if the average weather conditions are maintained.

 

Switzerland cannot depend on the winter season alone. Global warming is a major challenge as well.

 

Barbara Gisi, director of the Swiss Tourism Federation adds that the number of overnight stays cannot be equated to the revenues since the margins have fallen in the recent years.

 

The average turnover per overnight stay in the Swiss hotel industry across all categories has fallen continuously from 122 to 115 francs since 2008.

 

The report is hopeful that the current positive trend could lead to price increases which would lead to an improved earnings.

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