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Development in Tourism Dominated by Special Factors

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  • Egon Smeral

    (WIFO)

Abstract

The favourable results achieved in Austria's tourism sector in the winter season raised expectations for the summer season, despite a slowdown in economic activity in the OECD countries. The main reasons for the optimistic outlook were the expected positive effects of some special factors, a trend, observed since 1988, in favour of Austrian summer resorts, and the gradual improvement in Austria's tourism facilities. In fact, receipts from international tourism developed sluggishly from May to July: In nominal terms the gain of 3½ percent was smaller than in 1990; in real terms receipts stagnated. Compared to the number of overnight stays, expenditures (adjusted for price increases) even fell.

Suggested Citation

  • Egon Smeral, 1991. "Development in Tourism Dominated by Special Factors," WIFO Monatsberichte (monthly reports), WIFO, vol. 64(10), pages 577-580, October.
  • Handle: RePEc:wfo:monber:y:1991:i:10:p:577-580
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