The unpleasant surprises of inflation after the pandemic

“We’re starting to get used to bad surprises,” launches Pierre-André Michoud, director of the Hôtel du Théâtre in Yverdon-les-Bains. “We felt the price increase coming during the pandemic, first for some building materials, but in the meantime it has widened.”

While the hotelier had barely set its rates for its business customers, inflation risks cutting into its margins. “The price acceleration came at the worst time,” he notes. But for the moment, he is reluctant to raise business rates: “In the hotel industry, we must rather ada…