St Moritz is the world-famous winter sports village at the foot of Piz Nair in Switzerland's Albula Alps. It's the base for skiing the slopes of Corviglia, the main peak which is only a funicular or aerial cableway ride away.
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Zermatt has a reputation for being one of the most expensive ski areas in Europe. It is certainly true that at CHF 79, which is around ? 71 (as of February 2016), the ski area is certainly considerably more expensive than a day ticket to the large ski areas in Austria.