The Economic Contribution of Thermal Spa Tourism in Austria for the VAMED Vitality World
The study focuses on the economic significance of the six VAMED Vitality World spas. Together, the analysed businesses earned nominal revenues of approximately 192 million € in 2023 and provided an annual average of around 1,670 jobs, which corresponds to around 1,475 full-time equivalents. According to WIFO's model estimate, VAMED Vitality World's thermal spa operations generated direct, indirect and induced value-added effects in Austria of 326.2 million € in 2023 and around 4,585 employment relationships.