Tourism plays a significant role in the Austrian economy. To collect data on the current size of the tourism industry in monetary terms, a tourism satellite account for Austria was set up starting from reporting year 2000 and updated thereafter on an annual basis. According to the TSA findings, the direct value added created by the Austrian tourism industry (including official and business trips) was around 5.6% (€21.51 billion) for 2018.
The high economic significance of tourism also includes its effects on employment, thereby making a significant contribution to overall employment in Austria. A further evaluation criterion for the importance of tourism to the economy as a whole is therefore an assessment of the contribution to the employment situation of a country.
According to the findings of the TSA Employment Module (TSM-BM), 279 100 self-employed and employed persons – or 222 100 gainfully employed persons (measured in full-time equivalents or FTEs) – could be directly attributed to the characteristic tourism industries in 2018. As a percentage of the workforce in the overall economy, this gives purely computational shares of 5.9% and 5.7%.
73.1% of all gainfully employed persons in tourism work in the "Hotels and restaurants" sector, with 37.3% of those in this economic sector working in "Hotels and similar establishments" and 62.7% in "Restaurants and similar establishments".
The TSA-BM represents a methodical approach for recording and evaluating employment generated by tourism. In contrast to most other available studies on employment in tourism, all TSA-defined tourism industries were taken into account in the assessment of employment effects (e.g. "Hotels and restaurants", "Transport" and "Culture, sport and entertainment") and the corresponding effects on demand (tourism share of each economic category) were also considered. Accordingly, only a corresponding percentage is assigned to tourism in the TSA-BM (corresponding to the tourism share of the relevant economic category), which differs according to the level of "connection to tourism".
The current employment data from the National Accounts forms the basis for the final results. This data ensures compatibility with the TSA and is also used for extrapolating the structural data (particularly employment data from the Structural Business Survey and the Workforce Survey) for the current reporting year.
The TSA-BM includes "employment relationships" (total of all existing full-time or part-time jobs) and "full-time equivalents" (number of employment relationships converted to normal full-time working hours).
The methodological basis of the TSA-BM is in line with the concepts of the "Tourism satellite account for Austria" and also therefore with the "System of National Accounts”/"European System of National and Regional Accounts". The TSA-BM thus represents a tourism satellite account to which the employment aspect has been added. This ensures complete compatibility with the TSA and therefore enables a comprehensive portrayal of the effects of tourism on employment within a consistent macro-economic framework.
© STATISTICS AUSTRIA, Last Changed 12.06.2020