Nearly 2,500 global leaders from business, politics and civil society are expected to take part in a rare springtime version of Davos this week.
The annual meeting will see movers and shakers convene in Switzerland's luxury Alpine ski resort of Davos for five days of conversation on issues including Covid-19, Russia's war in Ukraine and the climate crisis.
Organizers of the event had postponed the meeting from its traditional January slot over safety concerns amid the coronavirus pandemic. However, in a welcome boost to local residents, the forum's first in-person event has now returned after a two-year hiatus.
The theme of this year's event is "History at a Turning Point: Government Policies and Business Strategies."
"It means a lot to us. It means a lot to the whole of Switzerland", Samuel Rosenast, a spokesperson for the local tourism board, said in an interview with CNBC's Tom Chitty.
Rosenast said the event was "unbelievably important" to those residing in Europe's highest town, estimating that the resort could see a windfall of approximately 70 million Swiss francs ($72 million) in just this week alone...
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