Foreigners expected to boost Swiss tourism this summer: report

KOF also said that the outlook for the coming two years is positive amid "solid domestic demand and the recovery of foreign demand."

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In Switzerland, prices for consumer goods and services are 56% higher than the European average.

Foreign guests as far afield as China and the United States are expected to prop-up Swiss tourism this summer after a particularly harsh winter which saw overnight stays in the confederation post a sluggish growth of 0.6 percent, the KOF Swiss Economic Institute has said.

“The winter season was a difficult one for Swiss tourism. At an estimated plus 0.6 percent, the number of overnight stays grew very slowly,” the Zurich-based institute said in a statement.

“In contrast, the outlook for the summer season is more favorable, with the volume of foreign guests, especially from so-called long-distance markets expected to follow a positive trend,” it added.

According to the institute’s predictions, the number of hotel stays in the confederation is expected to rise by 1.7 percent this summer.

Both alpine regions and city destinations are set to benefit from the increase of both domestic and foreign visitors in coming months.

KOF also said that the outlook for the coming two years is positive amid “solid domestic demand and the recovery of foreign demand.”

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