FN ISI Export Format VR 1.0 PT J TI Commercially managed secondary homes in Switzerland AF Caduff, Nicola AU Caduff, N AB The approval of the popular initiative «Stop the excessive construction of secondary homes» led to uncertainties and ambiguous interpretations of the initiative text. The first controversial issue is the term «secondary home». This bachelor thesis explains the term by reference to legal documents and business models. Further the different models of secondary homes will be examined for legality on the basis of existing jurisdiction and the official documents released during the implementation process of the initiative. Besides legality the economic feasibility is inevitable for the future realisation of secondary home projects. Therefore different economic factors of such a project are being assayed. Examples of such factors are different stakeholders like developers, investors, operators and buyers. Eventually the bachelor thesis lists possibilities and considerations for future secondary home projects in alpine tourism destinations. ER