A Regional Tourism Satellite Account for Tyrol
The tourism industry is an important economic factor for Tyrol: according to the regional tourism satellite account developed by Statistics Austria and WIFO, in 2018 total spending on vacation and business trips, visits of relatives and friends, as well as stays at secondary residences and weekend homes added up to 8,332 million €. Of this amount, 76.4 percent was accounted for by foreign visitors, 23.4 percent by domestic travellers, and 0.2 percent was spent in the course of staying in second homes. In 2018, value added generated directly by tourism activities in Tyrol, including business travel, came up to 5,215 million € and thereby accounted for a share in the gross regional product of 14.9 percent. The total value-added effects of tourism in Tyrol contributed 19.7 percent to the regional economic output. Moreover, 51,600 full-time jobs (FTE based on employees and self-employed persons) in the state can be attributed directly to typical tourism industries (share of 14.6 percent in total employment). Across all economic sectors 68,600 full-time equivalents or 19.4 percent of all jobs (FTE) in Tyrol were linked to the tourism industry in 2018.