Hotel investment in the Swiss Alps: reinventing a long-standing tradition

A new law in Switzerland caps the number of second homes allowed in – for example – ski resorts, where for years, many chalets and apartments have only been occupied for a few weeks a year. When first passed, this law resulted in a reluctance to invest in any new building projects. However, as KPMG’s Andreas Roman writes, serviced residences won’t be counted in the quota, so an opportunity exists for the hotel industry to develop properties...