Key Market Indicators
**Austrian Hotel Room Supply to Remain Steady Through 2028** The number of available hotel rooms in Austria is projected to reach approximately 293,000 by 2028, up slightly from about 292,700 in 2023. This represents an average annual growth rate of 0% since 1995. In the European context, Austria ranked sixth in 2023 for the number of hotel rooms. Greece led the ranking with around 292,700 rooms, while Germany, Spain, and France occupied the second, third, and fourth positions, respectively. **Hotel Occupancy Levels on the Rise** In terms of hotel occupancy, Austria saw a notable increase, with levels rising to 25.3% in December 2021, up from 16.1% in November 2021. This surge is a marked improvement compared to the occupancy rates observed in the previous year.
