Switzerland has seen rising inflation levels, although not as strong as its neighbouring countries, due to the interconnectedness of the economies. Despite these challenges, over the forecast period, the return of inbound tourists and business travellers are set to fuel the demand for luxury hotels and experiential luxury in 2022 and 2023, with figures beyond set to be promising.
Aiding growth across the forecast period will be the opening of significant luxury hotels, with Grace Hotels in St Moritz planning to open in winter 2022/2023. The location markets itself as offering a new experience in luxury hotels, offering mountain views and a chance to 'discover a new lifestyle.
Switzerland has a strong market for experiential luxury, and with the high net worth population in Europe and worldwide increasing rapidly, players will continue to expand in Switzerland, resulting in an increasing number of hotels across the country. Offering outlets in both city and rural locations will allow players to take advantage of whichever segment is thriving at any specific time.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Switzerland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
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This is an aggregation of Luxury Hotels and Luxury Foodservice.See All of Our Definitions
This report originates from Passport, our Experiential Luxury research and analysis database.
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