What is "gstaad"

Gstaad ( or ; ) is a village in the German-speaking section of the Canton of Bern in southwestern Switzerland. It is part of the municipality of Saanen and is known as a major ski resort and a popular destination amongst the high society and the international jet set. The winter campus of the Institute Le Rosey is located in Gstaad. Gstaad has a population of about 9,200 and is located above sea level.