High franc impacting Swiss hotel industry: statistics
Tuesday 06 September 2011
Tourists are shunning Switzerland because of the strength of the franc, according to hotel overnight stay figures released by the Swiss Federal Statistical Office on Monday.
"Overnight stays by foreign visitors in July fell 4.0 percent to 2.4 million," the Federal Statistical Office said.
"The strength of the franc against the euro, accentuated by rainy and cold meteorological conditions can explain this fall," it said.
Swiss tourists also reduced their overnight stays by 2.7 percent to 1.7 million, the statistical office said.
The Swiss franc, considered a safe haven currency, has been rising throughout the year as investors flee economic turmoil abroad. At its peak earlier in August, it was up around 20 percent against the euro and 25 percent against the dollar compared to 2009.
During the first seven months of 2011 the total number of overnight stays fell by 0.8 percent to 21.6 million, the statistical office added.
The Independent travel offers: Discover a world of inspiring destinations
- 1 What marriage would look like if we actually followed the Bible
- 3 'Heartbreaking' Syria orphan photo wasn't taken in Syria and not of orphan
- 5 Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition
Britain to take more refugees as Cameron bows to pressure after more than 250,000 back our campaign
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Make your voice heard: Sign The Independent's petition to welcome refugees
£22000 - £32000 per annum: Recruitment Genius: The fastest growing fitness cha...
£7500 - £10000 per annum: Recruitment Genius: The fastest growing fitness chai...
COMPETITIVE: Guru Careers: A Marketing / Digital Marketing Executive (CRM, Eve...
£8 per hour: Recruitment Genius: The role is likely to be 4on 4 off, days and ...