While the business market seems to relax a bit in October, the hotel sector is still very affected by the pandemic, in particular in Ticino and in the Lake Geneva basin.
Posted today at 11:08 am
The hotel industry remains particularly shaken.
(archive)
KEYSTONE/GAETAN BALLY
The business situation eased in October, according to the monthly survey carried out by the Zurich Center for Economic Studies (KOF) among some 4,500 companies and published on Wednesday.
Six in ten companies, however, say they are still suffering from an erosion of demand, while one in three fears for its survival.
The hotel industry remains particularly shaken, with a third of operators saying they fear bankruptcy, as well as small businesses in Ticino or the Lake Geneva basin.
While all sectors rose in October, only retail trade is sailing above its pre-crisis level, with which it had already returned to during the summer. Financial services and insurance are nevertheless approaching this milestone.
Only a handful of companies have spoken after the turn of the screw adopted at the end of October by the Federal Council to stem the progression of the pandemic. The scope of these responses is thus quite relative, but the KOF notes that they do not indicate a collapse comparable to that linked to the spring containment.
ATS / NXP
Posted today at 11:08 am
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