Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by orangesmile.com editors and is protected by copyright law. The article can only be re-used with a direct link to www.orangesmile.com
All news:
 01 
 02 
 03 
 04 
 05 
 06 
 07 
 08 
 Latest 


Hotels in Switzerland Suffer From High Franc

News While international currency markets are in panic, Swiss franc remains one of the most reliable currencies in the world. However, the strength of franc makes trips in this country more expensive, and so the decreased number of tourists stays in the country. Such information has been published by Swiss Federal Statistical Office.

In July 2011 the number of overnight stays in swiss hotels by international visitors decreased by 4.0% and estimated 2.4 million of people. Such fall is mostly the result of two reasons – expensive franc comparing to euro, and rainy and cold summer.

The in-country tourism is also not in its best state as the number of Swiss tourists decreased as well in June and estimated 1.7 million (-2.7%).

The Swiss franc is internationally acknowledged as a “safe haven currency”. Starting from 2009 franc has become very popular among investors and this fact enables its growth. This August, when situation with US dollar was unclear, franc was up 25% against it and 20% up against euro comparing to the level of 2009.

However, the fall in the number of tourists for first 7 months of 2011 is not that negative – the decrease here estimates 0.8 percent or 21.6 million of visitors.



Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on OrangeSmile.com.

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
English 
Deutsch 
Nederlands 
French 
Russian
 Top 20 destinations
Anaheim
43 hotels
Bonn
59 hotels
Cordoba
72 hotels
Glasgow
87 hotels
Kefallonia
84 hotels
Maastricht
49 hotels
New Delhi
108 hotels
Portimao
42 hotels
Santorini
394 hotels
Toledo
52 hotels