• Austria: Travel and Tourism revenue 2017-2025

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The Travel & Tourism market in Austria generated in 2020 a revenue of around 1.7 billion U.S. dollars, a sharp decline from the 2019 revenue which lay around 5.1 billion. This was most likely the result of the Covid-19 pandemic and the subsequent shutdowns and travel restrictions. The least decrease in revenue occurred in the vacation rental market segment which generated a revenue of 387 million. The Mobility Market Outlook estimates however that revenues across all segments will in 2021 again begin to increase and reach or surpass pre-pandemic revenues by 2023.

Revenue of the Travel and Tourism market in Austria from 2017 to 2025, (in million U.S. dollars)

Characteristic	Cruises	Hotels	Package Holidays	Vacation Rentals
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Supplementary notes

Data provided by Statista Market Outlook are estimates
The Travel & Tourism market contains package holidays, hotel stays, private vacation rentals and cruises. Users represent the number of travelers. Well-known providers of package holidays are online travel agencies (OTAs) such as Expedia and Opodo and tour operators such as TUI. Specialized providers of hotels and private accommodation booked online are, for example, Hotels.com, Booking.com, and Airbnb. The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival.
Offline bookings made, for example, in a travel agencies office or by telephone are also included in this segment

All figures are estimate. A detailed methodology can be found in the Statista Market Outlook.