Horwath HTL Report – Hotels & Chains in Switzerland 2021 – By Michaela Wehrle


‘2020 was a year that shook the hotel industry to its core. It started with record figures and ended with the biggest financial crisis since the Second World War.’ says Andreas Züllig, President of HotellerieSuisse.

A train on a bridge - Source Horwath HTL

Horwath HTL Report – Hotels & Chains in Switzerland 2021

Horwath HTL;

“2020 was a year that shook the hotel industry to its core. It started with record figures and ended with the biggest financial crisis since the Second World War.” says Andreas Züllig, President of HotellerieSuisse.

The Swiss hotel market performs the best in Europe in 2020…

…yet still contracted by more than half compared to 2019.

In a year to forget for the global hotel market, Europe was the worst continent impacted by the COVID-19 crisis with an unprecedented 70% year-on-year reduction in RevPAR (as per local currency-denominated data recorded by STR). Switzerland’s hotels proved the most resilient in Europe with a relatively less robust decrease of 59% in RevPAR, which also pushed Switzerland to the number 1 spot in actual values (as per EUR denominated data recorded by STR).

Switzerland’s hotel market suffered acute demand and supply imbalance in 2020 with a 45% decrease in room nights with only an 11% decrease in rooms available, compared to 2019.

Not unexpectedly the dramatic drop in demand due to the COVID-19 crisis, coupled with a somewhat steadfast supply of hotels, creating an accentuated (but hopefully temporary) negative demand/supply disparity.

Nonetheless, this imbalance was not felt across the country with certain regions, predominately in Alpine areas, actually having more demand than supply.

Cities across Switzerland suffered the most, with corporate and MICE segments the most impacted by COVID-19. Zürich and Geneva, the two most dependant regions on international arrivals, saw between 65% to 71% decreases in room nights. Hopefully, when international travel resumes, these cities bounce back well.

Click here ( Adobe Acrobat PDF file) to download the complete report.

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May 23, 2021 at 08:40AM

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