The Schweiz am Wochenende newspaper writes on Saturday that a three-bed studio in the canton Graubünden town costs CHF2,600 ($2,800) a night during the WEF, which runs from January 16-20. With service charges and cleaning, this comes to CHF15,000 for the five nights of the event, the paper writes.
In February, the same studio rents for CHF150 a night.
The newspaper also mentions the example of an apartment with two double beds and a sofa bed going for CHF25,000 for the five nights.
Price hikes during WEF week are a recurring phenomenon, and a source of criticism, especially from the WEF organisers – who themselves need to rent rooms for their employees.
More
More
Can the WEF stop de-globalisation?
This content was published on
The forces pushing against the World Economic Forum’s view of the global economic order are gaining ground. Is this the end of the WEF as we know it?
The director of the Davos-Klosters tourism board told Schweiz am Wochenende that while the rates are “sometimes out of this world”, there’s not much he can do. “We can only make recommendations and remind people that the exorbitant prices endanger the existence of the WEF,” Reto Branschi said.
Branschi added that the problem is mainly confined to holiday apartments rather than hotels. In hotels, at least 80% of the beds are reserved for WEF participants during the week of the event, at prices which are “absolutely fair”. The price of the remaining beds are determined by the market, he said.
WEF, one of the primary global gatherings of politicians and business leaders, is adhering to its traditional winter timing this year after several disrupted or postponed editions due to Covid-19. The estimated 3,000 participants in the mountain town will be facilitated by up to 5,000 members of the Swiss military, which has already begun work on security installations for the high-level event.
Train vs plane: would you take a direct train between London and Geneva?
Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?
This content was published on
Consumer prices picked up again in June in Switzerland, after briefly dipping into negative territory the previous month.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
WEF Open Forum called off following threats
This content was published on
An open doors event to coincide with the 2022 World Economic Forum in the Swiss mountain resort of Davos has been called off due to threats.
This content was published on
Participants at this week's World Economic Forum Annual Meeting in Davos ditched ice grips for sneakers in its first spring edition.
This content was published on
Alois Zwinggi, managing director of the World Economic Forum, rejects claims that the annual gathering in Davos is a disconnected billionaires’ club.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.