Austria Hospitality Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Austria Hospitality 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).

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Austria Hospitality Market Size

Hospitality Industry in Austria
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %

Major Players

Hospitality Industry in Austria

*Disclaimer: Major Players sorted in no particular order
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Austria Hospitality Market Analysis

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.

Austria Hospitality Market Trends

This section covers the major market trends shaping the Austria Hospitality Market according to our research experts:

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.

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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.

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Austria Hospitality Industry Overview

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.

Austria Hospitality Market Leaders

  1. AccorHotels

  2. Hilton Hotels & Resorts

  3. Motel One

  4. Private City Hotels

  5. Arcotel Hotels & Resorts

*Disclaimer: Major Players sorted in no particular order

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Austria Hospitality Market Report - 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

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Austria Hospitality Industry Segmentation

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
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Austria Hospitality Market Research FAQs

The Austria Hospitality Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

AccorHotels, Hilton Hotels & Resorts, Motel One, Private City Hotels and Arcotel Hotels & Resorts are the major companies operating in the Austria Hospitality Market.

The report covers the Austria Hospitality Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Austria Hospitality Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Austria Hospitality Industry Report

Statistics for the 2024 Austria Hospitality market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Austria Hospitality analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Austria Hospitality Market Report Snapshots

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Austria Hospitality Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)