A Tourism Satellite Account for Vienna. Economic Links, Methods and Key Results for 2008

Tourism is a big factor in the economy of Vienna: According to the regional tourism satellite account computed for Vienna by Statistics Austria and WIFO, total spending on holiday and business trips, visits to relatives and friends and stays at weekend and second homes amounted to € 3.67 billion in 2008, a plus of 1.9 percent. Of this sum, 44.9 percent were spent by foreign travellers, 54.7 percent by Austrians and 0.4 percent by domestic travellers for stays in their second homes. Tourism directly added € 1.24 billion (+3.8 percent) to output in Vienna, which in mathematical terms corresponds to 1.6 percent of Vienna's gross regional product. Based on the input-output table for 2005 and also accounting for indirect effects, the tourism industry added € 3.55 billion or 4.7 percent to the overall regional economy in 2008.