Austrian Hotel Industry Under Pressure

CompaniesRetail & Consumer ♦ Published: January 14, 2012; 16:10 ♦ (Vindobona)

Over the last years, the domestic hotel industry improved its size, capacity utilization and revenues. However, costs are rising massively.

Austrian Hotel Industry Under Pressure / Picture: ©

Austrian hoteliers are under pressure. Although the equity situation could improve and revenues grew over the last years, the economic situation is not satisfying. “The results are declining, because the rise in costs cannot fully be passed on to our customers.”, the head of the Austrian Hotel and Tourism Bank, Franz Hartl, explained.

Over the last ten years, expenses for…