Football of currency politics Switzerlands abandonment of euro cap is a serious blow to Swiss hotels
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Football of currency politics

Switzerland's abandonment of euro cap is a serious blow to Swiss hotels

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Pegging the Swiss franc to the Euro: Uncertain consequences

8.9.2011

Bern. Champagne pegged to CHF/EUR exchange: That was the response of the Grand Resort Bad Ragaz to the expensive Swiss franc just a few days ago. On Tuesday of this week, the Swiss National Bank set a ceiling for the Swiss franc against the euro stipulating a minimum exchange rate of 1.20 CHF/EUR.

Swiss hotels open to the Euro

Swiss hotels open to the Euro

8.7.2010

Bern. The weak Euro has enticed the Swiss abroad and is keeping Europeans away from Switzerland. The Euro crisis is a reality which the Swiss cannot escape. At the current exchange rate of 1.32 CHF, a critical point for Swiss tourism has been reached. European guests taking their holidays in Switzerland pay up to 15 percent more than last year. As a result, Swiss Tourism is as of this week posting top-offers in Euros. The move is a first and up to now quite unique. Up to 250 hotels are to take part this summer.

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