Overnight stays drop in Swiss hotels

Overnight stays in Swiss hotels fell 3.5 percent in October, extending a decline as the strong Swiss franc makes holidays more expensive for European visitors, Reuters reported.
A 30 percent rise in stays by tourists from China and a fifth more stays by South Koreans could not offset falls in visitors from Europe – led by Germany – and the Gulf States, Japan and Russia, data from the federal statistics office showed.
For the May-to-October summer season, the hotel industry registered 20 million overnight stays, down 0.7 percent versus the year-earlier period. Foreign demand eased 0.8 percent to 11.3 million, while domestic demand dipped 0.5 percent to 8.7 million.