Economic schmooze-fest in the Alps just got pricier
Next week, the world’s rich and famous will descend on the small town of Davos, Switzerland. for the annual meeting of the World Economic Forum, which is essentially an invite-only schmooze-fest in the Alps.
Since the value of the Swiss franc rose 15 percent this morning, the exchange rate is going to make Davos a lot more expensive, Bloomberg points. Especially for Americans.
For instance, a Johnnie Walker Blue Label whisky at the Belvedere Hotel in Davos would set you back about $41. That’s $6 more than yesterday. And a double room at that hotel — at last check — would cost $1,133 each night.
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