Vienna has once again been named the most liveable city in the world. This benefits local tourism. The industry, which is so important to the city, is heading towards pre-pandemic values and is optimistic about the future.
The British ‘Economist’ again called Vienna the most livable city in the world (after 2018, 2019 and 2022). The day before, it was the British magazine “Monocle” that ranked the federal capital at number 1 internationally.
Vienna scores with culture, environment, stability and – compared to others – still good education and health values. After Vienna, according to The Economist, Copenhagen and the Australian cities of Melbourne and Sydney follow. Such rankings greatly help tourism. The number of overnight stays this year is almost at the level of 2019, so before the pandemic.
Room prices will rise by 20 to 25 percent
Turnover is already higher because room rates have increased by an average of 20 to 25 percent. “With our price-performance ratio, we are still top in Europe,” explains Dominic Schmid, president of the hotel industry. Other major cities would be much more expensive. At the current occupancy rate, Viennese homes could cover their costs again. There are even more beds than before Corona.
Chinese stay away, Germans come
Why? Small companies closed, large international companies joined, says Schmid. There is a slight shift among the guests. Chinese and Russians stay away. Germans, Americans and Israelis come in much stronger. The top providers of accommodation: Germany, Austria (states), USA, Great Britain and Italy.
The outlook: The spending of satisfied conference and quality tourists should ensure a good year as a whole. The war in Ukraine is a factor of uncertainty. “Asia remains unpredictable,” says Walter Straßer of Vienna Tourism. All in all, the mood in the industry is very positive.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
