The Global Recession as the Key Factor in the Swiss Tourism Decline

Abstract

The research question investigates the famous sector of Swiss economy and the world’s effect on it, especially the global recession. To determine to what extent the global recession has been the key factor in the decline of Swiss tourism, several factors in Switzerland were examined, such as the effect of global recession itself, foreign exchange, and global warming. These factors were chosen because they could have influenced tourism the most. A lot of research was done by gathering statistics from the Federal Statistical Office in Switzerland. After analysing these reports and understanding the statistics, the data for presentation and analysis in this essay was chosen. During the analysis other external sources were used to support the evidence. The analysis was based on exploring the factors that might have influenced Swiss tourism described above. Although global warming and exchange rates affected Swiss tourism, the greatest effect came from the global recession. It had a negative effect as the demand for tourism decreased during the recession from 2007 to 2009.

DOI: 10.5901/mjss.2015.v6n1s2p59