Tourism and hotel industry
The tourism sector in Austria contributes 5.5% to GDP and remains one of the most important pillars of the economy. With nearly half of the market for winter sports in Europe, Austria has a strong position to defend. The number of overnight stays is also on the rise for the summer season.
Vienna's hotel and hospitality sector is under pressure as a result of sharp growth in the number of beds despite posting consistently good overnight stay and revenue figures. The additional capacity has been particularly pronounced both in the luxury and low-budget ends of the spectrum. Customers have also become more demanding, as the trend for online bookings grows even as there is greater need for travel agencies to sort through the complexity of today's offerings.
It is not only hotel keepers, tour operators and travel agents with international experience and perspective who are being challenged by the current market environment to make the most of their own creativity and the potential of their employees. Our in-house tourism and hospitality experts at CONSULTATIO know what's at stake - and how you can maintain a competitive position into the future, while reducing your tax burden as much as possible.
Services at a glance
- Tax consulting and financial accounting
- Bookkeeping and payroll
- Assistance in tax audits and legal proceedings
- Annual financial statements audit
- Business consulting
- Working capital management
- Liquidity management
- Investment consulting
- Business planning
- Advice on legal structures and succession planning
- Design and optimisation of internal control systems
- Measures to improve ratings and creditworthiness
- Property consulting