Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for September
M T W T F S S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

Boom in hotel building in Vienna

The hotel business in the Austrian capital is booming, with 23 hotel building projects either in action or planned.

The Ritz Carlton has already opened on Schubertring in Vienna's inner city and in mid December the next luxury hotel is already set to open its grand doors when Hotel Sans Souci behind the Volkstheater is unveiled. And insiders believe it will only be a matter of time until plans for hotels such as the Four Seasons or Kempinski are revealed.

Recent tourism figures have shown a rise in the number of overnight stays in the capital, with August seeing the highest figures for tourism. According to the Chamber of Commerce there are currently 56,000 hotel beds in Vienna and by the end of 2015 there will be almost 64,000 hotel beds. In recent years around 10,000 beds have been added.

Committee Chairman for Hotels at the Chamber of Commerce Martin Schick said: "In my opinion, the boat is already full. The luxury market in Vienna is already well catered for. So much has already been added and they need to sustain the current market before progressing."

The addition of further beds to the bed boom also depends greatly upon economical and political factors which could cause future problems. Of course, new luxury projects will be very good for a city because they bring with them regular guests and fans. "But all of these businesses will have to work alongside one another and this means that strong competition will develop", said Schick.

There is speculation over further hotel projects near Palais Schwarzenberg and Palais Auersperg. Schick said: "Luckily, we live in a country where such matters will alter the market and every investor has to decide whether it is a good or bad decision to go ahead with a project. I, for one, would not build any more."

Schick also commented on a developing trend in Vienna: building apartments in the upper level of hotels. He called this a "good and interesting change for investors" ans one can expect a square metre price of around 23,000 euros. Schick also commented that it would be a very interesting opportunity for investors to recover costs.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!


Cosmo and Nanu
ORF Watch

Tag cloud:
factors  Palais  Commerce  capital  Chamber  business  commented  Vienna  hotel  economical  investor  further  Schick  Hotel  tourism  boom  projects  beds  luxury  fans

Latest News

 

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

Perversion of a Medical Dream
The Decline and Fall of the Otto Wagner Hospital, Vienna.

Fat Can Be Used To Burn Off Weight After New Patent Unveiled
It is being hailed as a sensation after scientists at an Austrian university patented a method that transforms fat storing cells into mini factories capable of actually destroying fat by burning it off.

Three Family Members Dead In Well Tragedy
A mother has lost her husband, her pregnant daughter and her son-in-law after a tragic accident where one of them fell into a well and the other two died while trying to carry out a failed rescue.

Brit Soldier Rescued After Climbing Mountain In T Shirt
A British soldier who tackled the frozen Austrian Alps wearing just shorts and a T-shirt has been rapped by officials after he had to be rescued from the snowy peak.

Mum And Daughter Struck By Lightning In Pool
A mother and her daughter were hospitalised after they were struck by lightning in a swimming pool.

Police Nab Porn Star Who Filmed In Local Church
A woman accused of making a porn movie in a local church has been caught after an informant tipped off police that he recognised her by her breasts after an appeal for information.

Young Hip Hop Dancer Gets 18 Years For Drug Smuggling
A blonde hip hop dancer and charity worker promised an international career after she was spotted by a talent scout has been jailed for 18 years in Indonesia after her work offer turned out to have been part of an elaborate drugs con.

Teen Dying Of Cancer Killed At Charity Event After Ride In Porsche Goes Wrong
The family of a sick boy who was offered a trip in a high-performance Porsche because he was dying of cancer is suing the charity after the Porsche he was travelling in crashed head-on into oncoming traffic.

Japanese Pervert Planned Natascha Kampusch Style Kidnap
A Japanese man inspired by Austrian pervert Wolfgang Priklopil kidnapped a 10-year-old girl and kept her in a purpose-built cellar where he planned to train her to become the perfect wife.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers