Mieders/Serles Snow Forecast

Zermatt’s lift company, Zermatt Bergbahnen, has posted its “best-ever business year”  announcing operating income of CHF 88.1 million. The company said the results reflected signs of an easing in the European travel market and overseas markets, noting increasing demand from Asia and North America which resulted in Summer 2022 income reaching a new record high. “Summer skiing was the only area to record a decline, as the previous winter's lack of snow had failed to provide the glacier with its insulating snow cover and operations had to be shut down for around 50 days for safety reasons,” a lift company statement explained. For the 2022/23 Zermatt reports large numbers of international visitors with the North American market showing a particularly