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Vienna: the slowing waltz

9 min reading time

Published on 04/09/09 - Updated on 17/03/22

After several record years, Viennese tourism is slowing to normal. Today’s economic crisis is the constraining force. And yet the Austrian capital, bolstered by its rich cultural heritage and incomparable savoirfaire regarding the MICE segment, has all it takes to get through this difficult period relatively unscathed. The only concern for hoteliers: growing pressure on rates caused by supply development that will continue because of the impetus of excellent past results.

For several years, Austria’s capital had learned to dance the tourism waltz at a fast pace. In 2008 and for the sixth consecutive year, Vienna beat an occupancy record with 4.6 million arrivals (+8.5%) and 10.2 million nights (+5.8%). The result: lodging revenues estimated at 487.4 million euros of...

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