News

KOF is forecasting an increase of 270,000 overnight stays for the coming winter. This growth will be driven by both domestic and overseas guests. KOF expects to see a slight decline in overnight stays in the summer of 2024.

The long-serving president of the KOF's Sponsoring Association, Ueli Dietiker, has resigned. His successor is Stefan Nünlist. In addition, two new members were elected to the Executive Board of the SGK.

The tourism industry in Switzerland has managed to overcome the pandemic-related disruption and will continue to grow during the 2023 tourism year, according to KOF’s forecast. The domestic tourism sector is proving robust in the face of the slowdown in the global economy.

The recovery and emergency plans of the "too-big-to-fail" provisions cannot be implemented by FINMA without major disruptions. There are three main reasons for this: First, the plans involve the jurisdictions of different countries, and the "single point of entry" procedure is not sufficiently accepted politically. Second, the recovery and emergency plans cannot safely contain the contagion dynamics of a failing bank. Third, they are difficult to implement in practice.

KOF is pleased to welcome Professor Hans Gersbach as a new member of its Directorate. Gersbach and Professor Jan-Egbert Sturm form the new top management of KOF.