Hotels cut down investments

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Business

Austrian hotels are reducing their investments, according to a bank focusing on financing tourism projects. The Austrian Hotels and Tourism Bank (ÖHT) said yesterday (Tues) it provided hotels across the country with loans worth 880 million Euros in 2011. The tourism industry businesses financed 1,800 renovation, restoration and expansion projects with the funds, according to […]

Spas seen as ‘relationship rescuers’ by many

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Business

Nearly one out of four Austrians visit spas to maintain their relationships, a new poll has shown.Research group Meinungsraum – which questioned more than 1,000 Austrians for health sector company Vamed – said today (Fri) 24 per cent said they visit spas with their partners to cherish their bonds.The vast majority of 90 per cent […]