Development in Tourism Dominated by Special Factors
The favourable results achieved in Austria's tourism sector in the winter season raised expectations for the summer season, despite a slowdown in economic activity in the OECD countries. The main reasons for the optimistic outlook were the expected positive effects of some special factors, a trend, observed since 1988, in favour of Austrian summer resorts, and the gradual improvement in Austria's tourism facilities. In fact, receipts from international tourism developed sluggishly from May to July: In nominal terms the gain of 3½ percent was smaller than in 1990; in real terms receipts stagnated. Compared to the number of overnight stays, expenditures (adjusted for price increases) even fell.
Year of publication: |
1991
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Authors: | Smeral, Egon |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 64.1991, 10, p. 577-580
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Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Entwicklung im Tourismus 1991 durch Sondereffekte dominiert | Development in Tourism Dominated by Special Factors |
Description of contents: | Abstract [wifo.ac.at] |
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