The saving grace, according to Gstaad's tourist director Martin Bachofner, was that at least the Swiss guests have stayed loyal to the region, even as Euro earners, Brits and Americans have stayed away. Andrea Scherz, the director of the Gstaad Palace, spoke at length a out this topic earlier in the season in an interview with the Tagesanzeiger, reflecting the concerns of many of the region's hoteliers. For those of you who read German click here for the interview. Or here for our previous comment on this.