New regulations curtail who can rent out buildings or set up temporary structures during the four-day annual gathering
The World Economic Forum, held in the Swiss Alpine town of Davos , is now in its 55th year. Photograph: Fabrice Coffrini/AFP/Getty Images’s annual shindig in the Swiss Alps) was a boring management conference, frequented by strait-laced economists and company men, nothing like the glitzy, champagne-saturated affair it is today.
However, it has become a victim of its own success with many individuals and hangers-on descending on the small town to hold side events without taking part in the main forum or paying its hefty accreditation fees. While attendees, contractors and staff are said to number in the region of 10,000, the town’s population is said to swell by as much as 30,000 during the annual gathering because of these gatecrashers.
Some locals are concerned the clampdown will have a negative impact on the local subletting market with apartments and shop spaces commanding top-dollar rents during Davos week.
World-Economic-Forum Davos Switzerland Klaus-Schwab
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