| Front matter | _ | 
            
              | Table of Contents | _ | 
            
              | Preface: "Communicate the value!" | 4 | 
            
              | Preface: "Believe in the opportunities!" | 4 | 
            
              | Article: Good marks compensate for a very challenging year | 5 | 
            
              | Article: 2003 indicators | 6 | 
            
              | Article: Switzerland is popular with the Swiss, too | 7 | 
            
              | Rubric: Direction | 8 | 
            
              | Rubric: Highlights | 14 | 
            
              | Rubric: Markets | 28 | 
            
              | Rubric: Outlook | 36 | 
            
              | Rubric: Credits | 38 | 
            
              | Back matter | _ | 
            
              | Appendix: The figures | _ | 
            
              | Front matter | _ | 
            
              | Table of Contents | _ | 
            
              | Association News: Management | 3 | 
            
              | Association News: Board of directors | 4 | 
            
              | Association News: Auditors | 4 | 
            
              | Association News: Switzerland tourism council | 5 | 
            
              | Association News: Balance sheet 2003 | 6 | 
            
              | Association News: Profit and loss account 2003 | 8 | 
            
              | Association News: Notes to 2003 financial statements | 10 | 
            
              | Article: Auditors' report | 11 | 
            
              | Association News: New members in 2003 | 11 | 
            
              | Association News: Members in 2003 | 12 | 
            
              | Association News: Addresses | 17 |