Austria Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Austria industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Austrian travel & tourism industry had total revenues of $23.7 billion in 2022, representing a negative compound annual growth rate (CAGR) of 3.2% between 2017 and 2022.
- The hotels & motels segment accounted for the industry's largest proportion in 2022, with total revenues of $11.3 billion, equivalent to 47.6% of the industry's overall value.
- The growth of the industry is attributed to rising leisure and business tourism, growth in the hotel and motel industry, an increasing number of global events attracting large visitors, boosting infrastructure development, easing mobility, and emerging adventure tourists. For instance, according to GlobalData, the proportion of travel and tourism in the GDP of Austria increased to 6.89% in 2022 from 4.33% in the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Austria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Austria
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Austria travel & tourism market with five year forecasts
- What was the size of the Austria travel & tourism market by value in 2022?
- What will be the size of the Austria travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Austria travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Austria's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. McDonald's Corp
- 8.2. Accor SA
- 8.3. Austrian Airlines AG
- 8.4. Booking Holdings Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Austria travel & tourism industry value: $ million, 2017–22
- Table 2: Austria travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Austria travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Austria travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Austria travel & tourism industry value forecast: $ million, 2022–27
- Table 6: McDonald's Corp: key facts
- Table 7: McDonald's Corp: Annual Financial Ratios
- Table 8: McDonald's Corp: Key Employees
- Table 9: McDonald's Corp: Key Employees Continued
- Table 10: Accor SA: key facts
- Table 11: Accor SA: Annual Financial Ratios
- Table 12: Accor SA: Key Employees
- Table 13: Accor SA: Key Employees Continued
- Table 14: Austrian Airlines AG: key facts
- Table 15: Austrian Airlines AG: Key Employees
- Table 16: Booking Holdings Inc: key facts
- Table 17: Booking Holdings Inc: Annual Financial Ratios
- Table 18: Booking Holdings Inc: Key Employees
- Table 19: Austria size of population (million), 2018–22
- Table 20: Austria gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Austria gdp (current prices, $ billion), 2018–22
- Table 22: Austria inflation, 2018–22
- Table 23: Austria consumer price index (absolute), 2018–22
- Table 24: Austria exchange rate, 2018–22
- List of Figures
- Figure 1: Austria travel & tourism industry value: $ million, 2017–22
- Figure 2: Austria travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Austria travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Austria travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in Austria, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Austria, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Austria, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Austria, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Austria, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Austria, 2022
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