Hotel Industry

Hilton Vienna Stadtpark Sold to South Korean Securities Consortium for €333 Mio

The Hilton Hotel near Vienna's Stadtpark is said to have been sold for €333 million ($375 million) to a Korean securities consortium - Hana Financial Investment Co., NH Investment & Securities Co., and Meritz Securities Co. The consortium is planning a modernization for €66 million ( $75 million).

July 19, 2019

Tourism: Why Does Vienna Need So Many New Hotels?

Tourism in Vienna is booming and the number of overnight stays is rising. New hotels are currently being built all over Vienna, from international hotel chains and five-star palaces to boutique hotels for city travellers, some of which attract with exposed rooftop bars. The Andaz Vienna Am Belvedere and the Max Brown 7th District were recently opened. A further 10 hotels will be completed over the next two years.

July 12, 2019

MOOONS: New Boutique Hotel with Spectacular Rooftop Bar Comes to Vienna

A new boutique hotel with the slogan "No stars just MOOONS" with 170 rooms on eight floors in high-quality design and with a spectacular rooftop bar at the Wiedner Gürtel in the 4th district of Vienna, opposite the new railway station, is to be opened in October 2019.

July 11, 2019 · Sponsored Content

Austrian Tourism: 45 Mio. Arrivals and 150 Mio. Overnight Stays in 2018 - Germans Return

With 149.75 million overnight stays in Austrian accommodation establishments, a new record was reached in 2018. Compared to the previous year, overnight stays increased by 5.25 million (+3.6%). At +5.0% (56.26 million), the number of overnight stays by Germans rose disproportionately strongly.

January 24, 2019

26°EAST: Glamorous Opening of New Champagne Bar at Hotel Palais Hansen Kempinski

The new new cocktail and champagne bar 26°EAST was opened in the Palais Hansen Kempinski with a magnificent party. According to General Manager Gerhard Mitrovits, this bar is to develop into an exclusive bar hotspot at the end of the Ringstrasse.

March 17, 2018

Slovakia: CPI Remains Constant

In February, compared with January, consumer prices did not change in total. Increase in prices only in Education, Food and Health Industry.

March 14, 2013

Austrian Tourism Has Good Prospects

Start of summer season 2012: 16.8% more overnights and 14.4% more guests in May 2012.

June 25, 2012

Moderate Increase in Vienna-held Congresses

3,151 congresses were held in Vienna in 2011. This is an increase by 7.0%.

March 27, 2012

Moderate Growth in Tourism Sector

Current Austrian tourism winter season 2011/12: +4.6% more overnights due to rise in February (+11.7%).

March 26, 2012

Boom in Viennese Tourism

In January 2012, the Austrian capital registered an increase of 11.5% in tourists. 675,000 guest nights were recorded.

February 20, 2012

New Record in Austrian Tourism

Tourism in 2011: Almost 126 million overnights (+0.8%); all-time-high in number of arrivals.

January 26, 2012

Austrian Hotel Industry Under Pressure

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

January 14, 2012

Immofinanz Closes Leasing Contract With Leonardo Hotels

The Austrian real estate group enters an agreement with the German subsidiary of the Israeli Fattal International Hotel Chain.

January 9, 2012

Tourism: Slight Increase in Capacities

Austria offers 65 200 accomodation establishments and 1.09 million beds for tourists in 2011.

December 28, 2011

Vienna International Considers IPO

The Austrian hotel operator aims to be quoted at Vienna Stock Exchange in the medium run. Further growth is planned.

December 12, 2011

Warimpex Records Negative Result

The Austrian real estate company posted a loss of € 2.8m in the first nine months of the year despite a 10% increase in revenue from hotel operations.

November 29, 2011

Warimpex Hopes for Strong Year

The Austrian real estate company holds out the prospect of a dividend payment. EBIT is expected to increase by 20% this year.

October 21, 2011

New September Record for Tourism in Vienna

The Austrian capital registered a plus in overnights of 5.0% in September 2011. Hotel revenue grew by 7.7% in the first nine months of the year.

October 20, 2011

CA Immo Commences Hotel Construction in Berlin

The Austrian real estate company invests € 53.2m in the Europacity development project. The hotel is scheduled for completion in 2013.

October 13, 2011

Porr Cooperates with German InterCityHotel

In the coming years, the two German and Austrian companies plan 15 new hotels in the CEE area.

September 26, 2011

New Record for Tourism in Vienna

The Austrian capital registered a plus in overnights of 1.8% in July 2011. Hotel revenue grew by 13.7% in the first half of the year.

August 19, 2011

Hypo Alpe Adria Sells Schlosshotel Velden

The Austrian bank signed a purchase agreement with Amisola Immobilien AG. Falkensteiner Michaeler Tourism Group will take over management of the hotel.

July 29, 2011

Falkensteiner Michaeler Tourism Group on Growth Course

With the four-part investment strategy in Central and Southeastern Europe, the Falkensteiner Michaeler Tourism Group AG (FMTG) is on the path to success.

May 12, 2011

Austria's Importance as a Location for Conventions increases

Events, conferences and trade shows are developing as an important part of Austria’s tourism industry. By international comparison, Austria is already ranks in eighth place.

May 5, 2011

Al Jaber in Distress

Saudi investor Mohamed Al Jaber has to fight on several fronts in Austria. Kneissl awaits restructuring, loans are due.

April 23, 2011

Record Results for Arcotel Hotel

ARCOTEL Hotel AG ends the financial year 2010 with extremely positive results. Sole director Manfred Mayer intends to continue expanding in future.

April 20, 2011

Bad Image for Tourism-Related Professions

Austria's tourism industry workers are dissatisfied with their jobs because of relatively low pay and bad working conditions.

April 19, 2011

Concerns about "Eurovegas"

The Austrian-American project for the construction of Europe's largest casino meets increasing opposition.

March 16, 2011

Tourism: Small Increase in Overnight Stays

Results of the first half of the winter season 2010/11: 0.8% rise in overnight stays due to non-resident visitors.

February 24, 2011

Booming Tourism in Vienna

In 2010, guest-nights grew by 10.3% in Vienna. This is a new record since 1989.

January 25, 2011

Only Slight Increase in Austrian Minimum Wages

Index of Agreed Minimum Wages 2010: low increase due to economic crisis.

January 15, 2011

Austrian Tourism Operators Continue to Invest Heavily

Investment in the tourism business is estimated at € 5.0bn for 2011. The previous year’s level will therefore be maintained.

January 10, 2011

AustrianTourism Figures Increase.

According to Statistik Austria, the winter season started with positive figures in Austria: November breaks a new record in overnight stays with 3.8m..

December 23, 2010

Encouraging Development of Austrian Tourism

The summer 2010 season ended successfully: the number of guests reached an all-time high record of 17.9 million, 62.5 million overnight stays are the best value since 1995.

November 24, 2010

Study: Austrian Thermal Market Saturated

The regional management Burgenland has commissioned a study on the regional thermae. The offer is currently exceeding the demand.

November 19, 2010

Hoteliers: Threat of Staff Shortage

On one hand, hotel owners are confronted with more vacancies, on the other the seasonal contingent is reduced, so they are calling for the opening of the labor market.

November 17, 2010

Warimpex Announces Results of Q1-Q3 2010

Upward trend continues in the third quarter of 2010: Sales up by 21 percent.