For Tourism-Driven Austria, the Hotel Project Pipeline is Key to the Economy [Infographic]
Due to its bucolic cities and wonderful natural vistas, Austria is one of the most popular countries in Europe to visit
Austria has long had a strong economy, driven by industries such as metallurgical products, textiles, and machinery. In recent decades, the country has become well developed with a high standard of living closely tied to the other economies in the European Union. One industry, however, is more important than all the rest in Austria — tourism and hospitality.
Due to its bucolic cities and wonderful natural vistas, Austria is one of the most popular countries in Europe to visit, which puts it high on the list of most popular tourism destinations worldwide, and while it's current hotel project pipeline is not nearly as large as global hospitality industry behemoths such as the United States, China and the United Kingdom, there are still some marquee properties that are very much worth knowing.
Before we get into the top projects currently in Austria's hotel pipeline, however, let's take a broad look at the country's overall numbers. At present, there are 75 projects in development that once completed will yield about 9,148 rooms. The projects are, of course, most heavily concentrated in the country's largest and most famous city, Vienna, which will be host to 16 new hotels. Other Austrian markets with multiple projects in the pipeline include Salzburg, Linz and Graz. Austria's project pipeline also skews long-term, with only 32 of its projects slated to be completed in 2020 or later, while 17 are set for 2019, 19 for 2018, and 7 for the waning months of 2017.
Now, let's take a look at some of the most important hotel projects currently under way in Austria:
This unique concept, which is slated to open in the second quarter of 2020, will feature a mix of contemporary student rooms, hotel rooms, and residential co-living studios. The 4,000 square meter ground floor has been specially designed to be open and inviting for members of the local community in Wien as well. In total, this property will feature about 820 rooms, as well as a wide variety of study and gaming areas, meeting rooms, and nearly 1,500 square meters of co-working facilities dedicated to start ups, local businesses, restaurants, bars, gyms, and sports facilities. There will also be a unique indoor amphitheater for communal seating and event space [MORE INFO…]
The Andaz Am Belvedere Vienna will be located next to the Belvedere Palace and opposite Vienna's Schweizergarten. It's slated to open in the second quarter of 2019, and when it does it will feature 300 rooms for guests. There will also be a spa and fitness center on the fourth floor, a 16th floor rooftop bar, and ample space for conferences [MORE INFO…]
Another hotel set to open in Wien, the Le Meridien Wien is scheduled to debut in the second quarter of 2018 with 294 rooms for guests [MORE INFO…]
More information on Austria can be found on TOPHOTELPROJECTS, the specialized service provider in the exchange of cutting-edge information of hotel construction in the international hospitality industry.
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