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Political upheavals in Eastern Europe and the USSR will have important repercussions on international competitive conditions and traveling habits of the population. The rapidly rising tourism tide will affect Austria both as a destination and as transit country. The spreading of demand over time...
Persistent link: https://www.econbiz.de/10004975217
In order to maintain Austria's international competitiveness as a tourism location, economic policy measures and outlooks are required. Faced with pressure from globalisation and the general competition for innovation, Austria's tourism sector (which lost almost half of its market share in...
Persistent link: https://www.econbiz.de/10004975221
The single European currency has direct (elimination of currency-exchange costs, low interest on borrowed capital, stable nominal exchange rates between EMU participants) and indirect effects (on real income and growth) on European tourism: • Following the introduction of the single currency,...
Persistent link: https://www.econbiz.de/10004975254
The Tourism Satellite Account (TSA) developed by Statistics Austria and WIFO for Austria has as its main categories "tourism-specific", "tourism-related" and "non-tourism specific" production industries, which in turn produce "tourism-specific", "tourism-related" and "non-tourism specific" goods...
Persistent link: https://www.econbiz.de/10004976193
The lack of snow in the winter of 1989/90 has resulted in a disappointing performance of the tourism sector. The number of overnight stays dropped by more than 3 percent compared to the previous winter season; receipts from foreign tourists (adjusted for price changes) stagnated. Hungarian...
Persistent link: https://www.econbiz.de/10004978475
Die Reiseverkehrsbilanz lieferte bis Anfang der neunziger Jahre wesentliche Beiträge zum Leistungsbilanzausgleich. Seither wirken sich die Strukturdefizite der österreichischen Tourismuswirtschaft sowie die großteils wechselkursbedingte Abnahme der preisbestimmten Wettbewerbsfähigkeit...
Persistent link: https://www.econbiz.de/10004978489
During the last economic boom period, more than half of Austria's hotels and restaurants laboured under staff shortages, and only 31 percent felt unaffected by any personnel deficit. The key factors determining recruiting problems were the growth rate and size of an operation and the share of...
Persistent link: https://www.econbiz.de/10004995197
As of the late winter season of 2009 it has become obvious that the Austrian tourism industry can no longer escape the effects of the slowdown in international demand. Consequent to lagging adjustments to negative income and labour market expectations, the steep decline in tourism demand is...
Persistent link: https://www.econbiz.de/10004995210