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


Events for October
M T W T F S S
29 30 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 31 1 2
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  projects  boom  Commerce  economical  Hotel  further  commented  beds  Vienna  capital  hotel  Chamber  fans  business  Palais  luxury  Schick  investor  tourism

Latest News

 

Get Shorty As Confused Bald Ibis Gets Lost Again
A rare bald Ibis that seems to have a different sense of direction to her fellow birds has once again had to be rescued after getting stuck trying to find a different route to the southern Italian feeding ground.

Alpine Trains Venture Into Space As The Final Frontier
Austria’s national railway line the OeBB has raised eyebrows after offering themed toilets including one that is supposed to "look and smell like outer space".

MEP caught In Brit papers Fraud Probe Jailed
A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term.

Vienna Jihad Girls Want To Come Home
The two Austrian teenage girls who became ‘poster girls’ for the jihad in Syria are now desperate to come home after getting completely disillusioned with their new lifestyles.

Mega-Station Opens
There was a festival atmosphere as Bundespresident Heinz Fischer opened Vienna's new Hauptbahnhof Friday morning.

Apple Truck Causes Traffic Jam
When 24 tonnes of apples are catapulted across a road it can only mean a jam.

Farmer Cleared Over Wolf Shooting
Furious animal rights campaigners have accused an Austrian farmer of lying after he shot dead a wolf that he claimed he thought was a fox.

Rare Bald Ibis Makes Microlight Flight To Italy
The project to introduce an extinct bird back to Europe is hailing success after successfully negotiating a new route over the Alps and training 14 Northern Bald Ibises how to fly south to winter feeding grounds in southern Tuscany.

Pat On The Back From Manure Explosive
A traffic cop in Austria got more than he bargained for after a booby trap covered him head-to-toe in manure as he was trying to catch people speeding.

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.

 


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