Report Published: "Travel Retail in Austria"
Despite a stagnating economy, with real GDP growth of only 0.4% in 2012, leisure and business travellers contributed to growth in inbound, outbound and domestic flows. Austrian consumer confidence was buoyed by signs of economic recovery in the beginning of 2012, which positively affected the number of leisure trips and expenditure. After considerable cuts on expenditure for business travel following the recession, companies were again investing in corporate business trips at the end of the...
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