Expert analysis for the hotel investments in Austria and some other European countries Jasomirgottstrasse 6/ Xb, 1010 Vienna, Austria Tel. +43 1 2632 555 / Fax: +43 1 2632 555 10 www.austriareal.com www.austriareal.ru info@austriareal 1 TABLE OF CONTENT 1. Introduction ................................................................................................................................................. 4 2. Site .............................................................................................................................................................. 4 2.1 Austrian Economic Overview ................................................................................................................. 4 2.1.2 Other Countries Economic Overview ..................................................................................................... 6 2.1.2.1 Bulgaria ................................................................................................................................................... 7 2.1.2.2 Czech Republic ....................................................................................................................................... 8 2.1.2.3 France ..................................................................................................................................................... 9 2.1.2.4 Germany ............................................................................................................................................... 10 2.1.2.5 Greece ................................................................................................................................................... 10 2.1.2.6 Hungary ................................................................................................................................................ 11 2.1.2.7 Italy ....................................................................................................................................................... 12 2.1.2.8 Poland ................................................................................................................................................... 13 2.1.2.9 Slovak Republic .................................................................................................................................... 13 2.1.2.10 Slovenia .............................................................................................................................................. 14 2.1.2.11 Switzerland ......................................................................................................................................... 15 2.1.2.12 United Kingdom ................................................................................................................................. 16 3. Travel & Tourism Economic Impact ........................................................................................................ 17 3.1 Austria ......................................................................................................................................................... 17 3.2 Bulgaria ................................................................................................................................................. 17 3.3. Czech Republic .......................................................................................................................................... 19 3.4 France ......................................................................................................................................................... 19 3.5 Germany ..................................................................................................................................................... 19 3.6. Greece ........................................................................................................................................................ 19 3.7 Hungary ...................................................................................................................................................... 20 3.8 Italy ............................................................................................................................................................. 20 3.9 Poland ......................................................................................................................................................... 20 3.10 Slovakia .................................................................................................................................................... 21 3.11 Slovenia..................................................................................................................................................... 21 3.12 Switzerland ............................................................................................................................................... 21 3.13 UK ............................................................................................................................................................. 22 4. Hotel market analysis ............................................................................................................................... 22 4.1 Austria ......................................................................................................................................................... 22 4.1.1 Tourism in Austria: overview .................................................................................. 22 4.1.2 Arrivals, overnight stays in Austria ......................................................................... 23 4.1.3 Accommodation capacity in Austria ........................................................................ 24 4.1.4 Winter season. 5 and 4 stars hotels. ......................................................................... 27 4.1.5 Summer season 5 and 4 stars hotels. ....................................................................... 27 4.1.6 Winter season.3 stars hotels. .................................................................................... 27 4.1.7 Summer season. 3 stars hotels. ............................................................................... 27 4.1.8 Conclusion. .............................................................................................................. 27 4.1.9 Recommendation ..................................................................................................... 27 4.2 Bulgaria ....................................................................................................................................................... 27 4.2.1 Key Tourism Destinations ....................................................................................... 27 2 4.2.2 Accomodation capacity Bulgaria ............................................................................. 28 4.2.3 Conclusion ............................................................................................................... 34 4.2.4 Recommendation: .................................................................................................... 34 4.3 Czech Republic ........................................................................................................................................... 34 4.3.1 Accomodation capacity in Czech Republic ............................................................. 34 4.3.2 Recommendation: .................................................................................................... 39 4.4 France ......................................................................................................................................................... 39 4.4.1 Key tourism destinations .................................................................................................. 39 4.4.2 Accommodation capacity ......................................................................................... 39 4.4.3 Recommendation .............................................................................................................. 41 4.5 Germany ..................................................................................................................................................... 41 4.5.1 Top locations and categories to invest in 2013 ...................................................... 43 4.5.2 Recommendation: ....................................................................................................... 44 4.6. Greece ........................................................................................................................................................ 44 4.6.1 Recommendation: .................................................................................................... 45 4.7 Hungary ...................................................................................................................................................... 46 4.7.1 Recommendation: .................................................................................................................................... 47 4.8. Italy ............................................................................................................................................................ 47 4.8.1 Recommendation: ............................................................................................................. 48 4.9. Slovakia ....................................................................................................................................................