Austria cashes in on strong Swiss franc

Skiers are turning their backs on expensive Switzerland and heading for the Austrian Alps instead. The number of European customers in Swiss alpine resorts has continued to decline in recent years, because it is more expensive to ski here than in neighbouring France, Germany and Austria. But when the Swiss National Bank abandoned its currency cap with the euro on January 15, this made the value of the franc rise considerably, putting even more visitors off as a result. Austria, which uses the euro, has been taking up the slack. (SRF/swissinfo.ch)