Swiss Bank Promises To Stop Inexorable Rise of The Franc
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An increasingly nervous Swiss tourism sector has had some relief as the Swiss National Bank has pledged to intervene to stop the Franc's value against the Euro going beyond 1.2 Francs to the Euro. At one point last month it had reached 1.1 Francs to the Euro as investors searched the world for a strong currency.
The result for Swiss skiing was that one of the Zermatt area lift passes (including Cervinia and a daily train ride to Tasch, so only really of use if you stay in Tasch) topped the world's most expensive ticket table at nearly GBP360 for a six day adult pass.
Almost every measure of Swiss skiing and tourism in general shows declines, often wiping out all growth over the past decade. 'Optional' items like ski school and dining out have both been particularly hard hit.
The British market is particularly under fire with at one point the value of the Franc against the pound up 40% on what it was 18 months ago.
But it's not all doom and gloom, the resorts and Swiss tourism as a whole are fighting back with Verbier one of the first to offer a swathe of deals including 50% off lift tickets up to Christmas.
Tour operators are also stepping in,
"We're just launching a 2-for-1 lift pass offer for almost all dates for Switzerland for this coming season." said Louise Newton of Inghams.
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Started by J2SkiNews in Ski News 07-Sep-2011 - 2 Replies
J2SkiNews posted Sep-2011
An increasingly nervous Swiss tourism sector has had some relief as the Swiss National Bank has pledged to intervene to stop the Franc's value against the Euro going beyond 1.2 Francs to the Euro. At one point last month it had reached 1.1 Francs to the Euro as investors searched the world for a strong currency.
The result for Swiss skiing was that one of the Zermatt area lift passes (including Cervinia and a daily train ride to Tasch, so only really of use if you stay in Tasch) topped the world's most expensive ticket table at nearly GBP360 for a six day adult pass.
Almost every measure of Swiss skiing and tourism in general shows declines, often wiping out all growth over the past decade. 'Optional' items like ski school and dining out have both been particularly hard hit.
The British market is particularly under fire with at one point the value of the Franc against the pound up 40% on what it was 18 months ago.
But it's not all doom and gloom, the resorts and Swiss tourism as a whole are fighting back with Verbier one of the first to offer a swathe of deals including 50% off lift tickets up to Christmas.
Tour operators are also stepping in,
"We're just launching a 2-for-1 lift pass offer for almost all dates for Switzerland for this coming season." said Louise Newton of Inghams.
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The Snow Hunter
Edited 1 time. Last update at 12-Sep-2011
LOTA
reply to 'Swiss Bank Promises To Stop Inexorable Rise of The Franc' posted Sep-2011
Good - I turned away from my beloved Swisserland last year - and went to Italy, where everything was much cheaper. And this year, I'm strongly considering Austria (which amounts to heresy for a Swissophile like me!)
Tino_11
reply to 'Swiss Bank Promises To Stop Inexorable Rise of The Franc' posted Sep-2011
As a Swiss resident I really can't complain, travelling abroad right now is mega cheap and the mountains will be quiet in winter. My season pass for Zermatt/Cervinia costs less than 2 weeks at the rate above.
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The Only Way is Down
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Topic last updated on 09-September-2011 at 15:00