Excluding daytrips, international travel to and from Austria increased by 23% between 2013 and 2018 to almost...
Hotel demand is expected to grow 4.4% a year through 2020.
As international arrivals increase, hoteliers expand to serve more business travelers.
Business travel is expected to grow about 3% annually through 2020.
Business travel spending is projected to grow 10% a year through 2022.
Hotel demand is on the rise, but overall business travel spending is slowing.
Economists expect corporate travel spending to keep growing in the region.