Clarification on Swiss growth prospects

Clarification on Swiss growth prospects
Clarification on Swiss growth prospects

The Swiss tourism balance remained in deficit last year, with Swiss tourists spending more outside our borders than foreign visitors in Switzerland. The balance is negative at 1.8 billion francs.

Total spending exceeded the record levels of 2019. Revenue from the tourism balance, i.e. spending by foreign visitors in Switzerland, rose by 12.4% year-on-year to 18.4 billion francs. Swiss tourists spent 20.2 billion on trips abroad, according to initial estimates from the Federal Statistical Office.

Last year, the number of foreign tourists in Switzerland continued to grow at an annual rate, the press release recalls. The number of hotel nights has increased, with guests showing a marked interest in “higher category” establishments. The hotel and para-hotel sectors have seen their revenues increase. The trend is similar for hospital and study stays.

The turnover from overnight stays increased by 19.4%, state federal statisticians. For stays without overnight stays, a decline of 3.8% was noted. Revenues from day trips and transit tourism fell by 13.1%. Consumer spending by cross-border commuters and short-term permit holders grew by 5.4%.

Overnight stays by Swiss citizens abroad increased by 16.6%, bringing their total purchases to 15.1 billion francs. This amount represents three-quarters of the total. Shopping tourism remains stable, with stays without overnight stays generating a turnover of 5.1 billion.

This article was automatically published. Sources: ats/awp

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