Key Market Indicators
**Austrian Accommodation Expenditure to Hit €6.7 Billion by 2028** Austria's accommodation expenditure is projected to reach approximately €6.7 billion by 2028, up from about €6 billion in 2023, marking an annual growth rate of 1.7%. Since 2000, the demand for accommodation in Austria has increased by an average of 0.7% each year. In 2023, Austria ranked 8th in accommodation expenditure, with Portugal slightly ahead at the same expenditure level. Italy, France, and Germany occupied the 2nd, 3rd, and 4th positions, respectively. **Revenue from Accommodation Services Set for Significant Growth** Revenue from Austrian accommodation services is expected to surge to around €17.2 billion by 2028, up from €13.6 billion in 2023. This reflects an average annual growth rate of 3.7%. The Austrian market has shown robust growth since 2010, with an annual increase of 4.8%. In 2023, Austria was ranked 6th in accommodation services revenue, with Italy leading at the same revenue figure. Spain, France, and the United Kingdom were positioned at 2nd, 3rd, and 4th, respectively. **Increase in Accommodation Establishments to 275,000 Bedplaces by 2028** The number of accommodation establishments in Austria is projected to reach nearly 275,000 bedplaces by 2028, up from about 256,000 bedplaces in 2023, growing at an annual rate of 1.1%. Since 1995, the supply of accommodation in Austria has risen by 3.2% per year on average. In 2023, Austria ranked 9th in the number of accommodation establishments, with Greece slightly ahead at the same number. Spain, France, and Germany held the 2nd, 3rd, and 4th positions, respectively.
