A sustainably evolving economy, very high standards of education and living, a stimulating regulatory framework and favourable taxation provide a strong base for Zurich as one of the world’s largest financial centres and a preferred location for multinational company headquarters as well as major research and development centres.
Above-average salaries and comparatively low taxes result in high buying power and saving rates that attract investments. As Switzerland has one of the lowest inflation rates in Europe, its competitiveness and wealth is rising year by year.
Foreign trade plays a major role in Switzerland’s economy and generates strong business travel demand throughout the year. While outgoing leisure demand is driven by high disposable incomes, incoming leisure demand is supported by beautiful scenery, a wide range of cultural activities and competitive prices.
Higher buying power results in higher achievable ticket prices. The large number of corporate headquarters and the high proportion of wealthy residents ensure strong demand for premium travel, resulting in better overall yields. In fact, the premium cabin shares on intercontinental flights are among the highest to and from Europe.