
Vienna: Hotels are back in the black
Tourism in Vienna was able to build on its long-standing success story in the summer. We are back," says Dominic Schmid, chairman of the Hotel Industry Section of the Vienna Chamber of Commerce, summing up the last few summer months with satisfaction. With occupancy rates of over 75 percent, Viennese hotels returned to the profit zone. Most hotels are now also in the black in their annual balance sheets, despite the closures at the beginning of the year. "We have been largely in the profit zone since May and, thanks to the excellent number of guests in the summer, the loss from the first four months has at least been offset in most hotels. July and August in particular are almost on a par with the years before the pandemic in terms of guest numbers. On some days in August we were already fully booked," says Schmid, who also points to the increased prices: "Room prices this year are around 10 to 15 percent higher than in recent years. This additional income serves on the one hand to cover the increased costs of energy and raw materials, and on the other hand it flows to the employees. For example, starting salaries have also risen by around 15 percent this year." The Germans are back Germany again topped the list of the markets with the highest turnover in July with 280.000 overnight stays (+78 percent compared to July 2021). The source market Austria also recorded more guest overnight stays (+248.000 percent) than in July 56 with 2021 overnight stays (+6,4 percent compared to July 2019). Vienna's other top source markets in July include the USA (99.000), Great Britain (50.000) and Italy (48.000). Autumn is still a mystery