Hospitality Industry in Austria - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Chain Hotels and Independent Hotels), by Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid Scale Hotels and Luxury Hotels).

Market Snapshot

Hospitality Industry in Austria
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The tourism industry in Austria is dynamic and is recording more vacation trips (almost 80%) than business trips. The country is been attracting almost double the number of foreign tourists and is generating more tourism-based revenue. 6.5% of share it produced to the country’s GDP in 2018. The growing number of tourism is boosting the hotel and accommodation sector in the region. Demand for hotel accommodation segment has increased by almost 10% between 2013-2018, rising from 86 million available room to almost 95 million. Austria’s tourism and hotel industries remained left affected by the seasonality and are registering growth numbers year on year. International travelers are dominating the demand and are typically accounting for around three-quarters of a whole hotel business. Chain hotels account for 14% of the total hotel properties currently operating in Austria.

Scope of the Report

A complete background analysis of the Hospitality Industry in Austria, which includes an assessment of the industry associations, overall economy, and emerging market trends by segments, significant changes in the market dynamics, and market overview is covered in the report.

By Type
Chain Hotels
Independent Hotels
By Segment
Service Apartments
Budget and Economy Hotels
Mid and Upper mid scale Hotels
Luxury Hotels

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Investments in the Accommodation Sector is Going to Drive the Market

According to TOPHOTELPROJECTS GmbH, the Alpine nation of Austria is adapting to catch the growing demand, by adding more than 12,000 rooms to the accommodation industry in the coming years to accommodate the rising number of visitors. According to its online database, 90 hotel projects are currently in the development pipeline in Austria, 62% of which are categorized as either first-class or luxury segments. Around 29 hotels are slated to be opened in 2020, which will add more than 4,000 rooms to the supply chain. Another 21 openings are scheduled for 2021 whereas around 9 for 2022. Out of all the openings, 27 hotels alone are going to be added in Austria’s capital city, Vienna, adding more than 5,500 rooms.

pipeline - austria.png

The Rising Number of Overnight stays in Austria's Provincial Capitals Are Creating High Demand for More Hotels

According to Statistik Austria, the total number of overnight stays reached 149.8 million which indicated a 3.7% growth. Since 2000, the overall arrivals in Austrian cities have more than doubled, and 96% rise was recorded. Throughout the whole country, 70% growth in arrivals and 32% of overnight stays were recorded. The major tourist arrivals were observed to 9 cities and their share to the total arrivals to the cities was 5% more than that of in 2010 and the total number of overnight stays was increased to 16% in 2018 from 11% in 2010. Vienna attracted a total of 16.5 million overnight stays in 2018, of which 945,000 visited in February alone.

austria - overnightstay.png

Competitive Landscape

AccorHotels has been offering the largest portfolio across all types of service tiers. The upper-midscale and luxury hotels are more in demand in the region than the others. The service apartments are gaining more significance in recent times and are forecasted to record a great share of the segment in the future.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Impact of COVID - 19 on the Hospitality Industry

    4. 4.4 Insights on Revenue Flows from Accommodation and Food and Beverage Sectors

    5. 4.5 Leading Cities in Austria With Respect to Number of Visitors

    6. 4.6 Investments (Real Estate, FDI and others) in the Hospitality Industry

    7. 4.7 Technological Innovations in the Hospitality Industry

    8. 4.8 Insights on Shared Living Spaces Impact on the Hospitality Industry

    9. 4.9 Insights on other Economic Contributors to the Hospitality Industry

    10. 4.10 Value Chain Analysis

    11. 4.11 Porter's Five Forces Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Chain Hotels

      2. 5.1.2 Independent Hotels

    2. 5.2 By Segment

      1. 5.2.1 Service Apartments

      2. 5.2.2 Budget and Economy Hotels

      3. 5.2.3 Mid and Upper mid scale Hotels

      4. 5.2.4 Luxury Hotels

  6. 6. COMPETITVE INTELLIGENCE

    1. 6.1 Market Concentration

    2. 6.2 Company Profiles

      1. 6.2.1 AccorHotels

      2. 6.2.2 Hilton Hotels & Resorts

      3. 6.2.3 Motel One

      4. 6.2.4 Ibis

      5. 6.2.5 Mercure Hotels

      6. 6.2.6 Private City Hotels

      7. 6.2.7 Renaissance Hotels & Resorts

      8. 6.2.8 Arcotel Hotels & Resorts

      9. 6.2.9 Star Inn Hotels

      10. 6.2.10 NH Hotel Group

      11. 6.2.11 Intercontinental Hotels & Resorts

    3. *List Not Exhaustive
    4. 6.3 Loyalty Programs Offered by Major Hotel Brands

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE OUTLOOK OF THE SECTOR

  9. 9. APPENDIX

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The undefined market is studied from 2016 - 2026.

The undefined is growing at a CAGR of 4% over the next 5 years.

AccorHotels, Hilton Hotels & Resorts, Motel One, Private City Hotels, Arcotel Hotels & Resorts are the major companies operating in undefined.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!