In view of a slight increase in the number of overnight stays in 2024, but at the same time rising costs and falling revenues, the Austrian Hotel Association (ÖHV) is calling for economic policy measures to strengthen the industry. ÖHV President Walter Veit points to 154 million overnight stays and growth of 2,1 percent, but warns of a decline in added value. Many guests are shortening their stay or switching to cheaper travel times, which is putting additional strain on the profitability of the companies.
In order to stop the negative economic developments, Veit appeals to the new government to implement tax relief, a reduction in bureaucracy and a targeted labor market offensive for the tourism sector. A recent industry survey by the ÖHV shows that this would not only benefit the hotel industry, but also other economic sectors. The economic crisis can be stopped through targeted measures.
An active tourism policy with an independent, powerful department is particularly important. Austria must make up for lost places in international location rankings in order to remain competitive in the long term. Politicians must concentrate on building on existing strengths instead of placing additional burdens on the sector through bureaucracy and high taxes. Tourism remains one of the most stable economic sectors in the country and needs appropriate framework conditions to maintain its contribution to value creation.
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