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Tourism revenue in the "year of the coronavirus" 2020

The measures taken to contain the pandemic caused the tourism industry to experience a decline in overnight stays and a slump in tourism revenues of around 36 percent each in the Corona year 2020 compared to 2019. Due to the different guest trends, we estimate that the 2020 revenue shortfall in Carinthia remained below 20 percent while Vienna saw by far the highest revenue losses of more than 70 percent. In Tyrol, the decline was below the Austrian average at around 32 percent, as was also the case in Burgenland, Salzburg, Styria and Vorarlberg.

as of May 2021.


  • Length: 6 pages
  • Language: English


The effects of the first pandemic wave on the labour market

Despite the economic recovery over the summer, the situation on the Austrian labour market was by no means able to relax completely until the outbreak of the second wave of pandemics. Some service sectors in particular remained particularly badly affected, which was also decisive for the development of unemployment by gender, educational level, age and nationality. The deterioration in the labour market situation during the second wave of the pandemic is following familiar patterns. We only expect a relaxation when there is a sustained economic upswing from the second half of 2021. While unemployment will remain above the pre-crisis level for a few years, the pandemic is expected to accelerate structural changes in the labour market, for example through online retailing, which is now gaining in importance more rapidly.

Note: The entire study in only available in German on our homepage at https://www.bankaustria.at/wirtschaft-online-wirtschaftsanalyse-oesterreich.jsp

as of January 2021.


  • Length: 5 pages
  • Language: English


Analyses Archives


Revenue from tourism in the "year of the coronavirus" 2020 (May 2021; PDF; 2 MB)
The effects of the first pandemic wave on the labour market (January 2021; PDF; 2 MB)


Brexit and the consequences for the Austrian export industry (September 2019; PDF; 309 KB)
Real Estate Country Facts Austria (September 2019; PDF; 1 MB)
Is globalization dead? (August 2019; PDF; 343 KB)
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Real Estate Country Facts Austria (September 2018; PDF; 6,5 MB)
Holiday€uro (June 2018; PDF; 396 KB)


Real Estate Country Facts (October 2017; PDF; 2.7 MB)
Holiday€uro Summer 2017 (May 2017; PDF; 457 KB)


Why unemployment in Europe is not falling across all countries (October 2016; PDF; 323 KB)
Real Estate Country Facts (October 2016; PDF; 5 MB)
Holiday€uro (June 2016; PDF; 504 MB)


Real Estate Country Facts (October 2015; PDF; 2 MB)
Holiday€uro (July 2015; PDF; 2 MB)
Austria: Lower tax burden but higher deficit in 2016 (March 2015; PDF; 336 KB)


Real Estate Country Facts (September 2014; PDF; 4 MB)
Inflation risk in Austria? (January 2014; PDF; 279 KB)


Discussion on "budget gap" in Austria (November 2013; PDF; 235 KB)
Real Estate Country Facts (September 2013; PDF; 2,5 MB)
Holiday€uro Summer 2013 (June 2013; PDF; 261 KB)
The new perspective of foreign trade (January 2013; PDF; 248 KB)


The Austrian Real Estate Market: an oasis of calm? (July 2012; PDF; 2MB)


Holiday€uro Summer 2011 (May 2011; PDF; 204 KB)


Currency War? The big war, the small burger and the large cake (November 2010; PDF; 132 KB)
Holiday€uro Summer 2010 (June 2010; PDF; 134 KB)
Holiday€uro Spring 2010 (March 2010; PDF; 202 KB)


Holiday€uro Winter 2009 (December 2009; PDF; 208 KB)
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