Uncertainty due to Ukraine War: Austria's Tourism Industry Lowers High Expectations for 2022

Lifestyle & TravelTravel ♦ Published: April 7, 2022; 13:25 ♦ (Vindobona)

Austria's tourism industry is facing another setback after 2 tough years. Uncertainty caused by the Russian war of aggression in Ukraine and the related increase in economic problems could have an impact on tourism and thus also on the economy in Austria.

After Covid-19, the war in Ukraine is another setback for Austria's tourism industry. / Picture: © Wikimedia Commons / Stanislav Doronenko / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0)

Following the end of the COVID-19-related lockdown in mid-December 2021, the Austrian tourism industry recovered surprisingly quickly and strongly, even though there was a demand-side gap of one-third in overnight stays compared with the pre-crisis period of 2018/19 from November 2021 to February 2022.

However, optimism was abruptly dampened by the outbreak of war in Ukraine,…