The Austrian tourism industry generates approximately 5.1% of the GDP (including indirect effects), making the tourism sector a vital player in the economy. Because of its economic importance and interdisciplinary orientation, the tourism industry is an indispensable generator of employment in many professional fields. This is especially true for younger people in rural areas with often-claimed locational disadvantages. Considering all direct and indirect effects, approximately 9% of all people employed in Austria work in the tourism industry.

Foreign guest expenditures contribute significantly to a positive trade balance. Worldwide, Austria is one of the top players with respect to tourism receipts of international guests per resident. To prove the economic significance of tourism in Austria, Tourism Satellite Accounts (TSAs) were implemented by the Austrian Institute for Economic ...

  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles