Switzerland incoming tourism and the role of exchange rates

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SWITZERLAND INCOMING TOURISM AND THE ROLE OF EXCHANGE RATES Anne Pittet, Alexandre Clavel, Julia & Daniel Lopes

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Anne Pittet , Alexandre Clavel , Julia & Daniel Lopes. Switzerland incoming tourism and the role of exchange rates. Table of contents. Switzerland incoming tourism Number of arrivals Receipts Evolution of arrivals by region Evolution of the exchange rate Evolution of overnights - PowerPoint PPT Presentation

Transcript of Switzerland incoming tourism and the role of exchange rates

Page 1: Switzerland incoming tourism and the role of exchange rates

SWITZERLAND INCOMING

TOURISM AND THE ROLE OF

EXCHANGE RATES

Anne Pittet, Alexandre Clavel, Julia & Daniel Lopes

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Table of contents Switzerland incoming tourism

Number of arrivalsReceiptsEvolution of arrivals by region

Evolution of the exchange rateEvolution of overnights

SNB’s initiative Possible Forecast Conclusion Sources

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Number of arrivals

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Receipts (in US $)

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Evolution of arrivals by region

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Evolution of the exchange rate

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Evolution of overnights

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€1 at CHF 1.20?

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Possible forecast

Rate of unemployment

Strengthening of the Swiss Franc

Euroization of Switzerland

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Conclusion Increase in Swiss incoming tourism

European Union in crisis

Credibility of BNS

Strong link between between tourism and exchange rates

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Sources http://www.indexmundi.com/facts/switzerland/international-tour

ism http://www.seco.admin.ch/themen/00476/00508/index.html?la

ng=fr http://www.contrepoints.org/2013/01/16/111512-euro-franc-sui

sse-quand-la-bulle-eclatera

http://www.bilan.ch/argent-finances-exclusif/pourquoi-la-bns-va-gagner-son-pari-sur-leuro

http://tradervox.com/fundamental-analysis/060912/Euro-Strengthens-Against-Swiss-Franc

http://www.oecd.org/fr/suisse/etudeeconomiquedelasuisse2011.htm

Jean-Philippe Clavel, P.h.D in Law and Economics, teacher http://www.oanda.com/lang/fr/currency/historical-rates/ OFS, La statistique suisse du tourisme 2012, 2013, Neuchâtel