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Christie + Co has presented plans to open its first branch in Austria later this year.
The globally operating real estate consulting and transaction firm said today (Thurs) that it hoped to establish significant representation in the Central European region, adding that former KPMG BUD senior adviser Lukas Hochedlinger would run the branch in the Austrian capital.
Christie + Co announced that Hochedlinger would focus on evaluation of the hotel industry in Austria and other Central and Southern European countries.
There are around 13,600 hotels in Austria, according to the company.
The Vienna office will be Christie + Co’s 11th international representation.
Austrian state agency Statistik Austria said recently that 20.88 million overnights by Austrians had been registered at hotels and pensions across the country in the first seven months of this year, up by 2.2 per cent year on year.
It added the overall number of overnights by foreign guests had remained stable year on year with 57.89 million, adding that Germany, Italy and Belgium were the only major markets of guests with declining overnight figures.
The number of overnights by holidaymakers from Russia (32.9 per cent), the United States (17.7 per cent) and Sweden (17.2 per cent) increased most significantly, according to the agency.
Austrian Times
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People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).
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The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD).
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The Austrian economy keeps recovering, according to the Institute for Economic Research (WIFO).
Post AG turnover up by six per cent
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Austrian postal services company Post AG has managed to increase its turnover and earnings.
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Brodbeck criticises credit rating 'hysteria'
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A German economist has warned from "dangerous monopoly circumstances" in the global rating business.
S&P concerned about banks' stability in serious crisis
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Standard & Poor's (S&P) analyst Alois Strasser has warned that a crisis worse than the most recent one could “totally demolish” Austrian finance institutes’ capital.
Fitch approves Austria's financial trustworthiness
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One of the world’s leading credit rating agencies has confirmed the Austrian AAA.
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Weak start for RWR Card
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).
Pröll outpaces friends and foes in capability check
Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.
Foul-mouthed MPs might face fines
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Car sharers should get cheap U-Bahn tickets say greens
People who support the environment by signing up for car sharing initiatives to cut down inner city congestion should get subsidised public transport.
Film festivals in Vienna
There are two film festivals back to back in Vienna this May and June. The "Let's CEE Film Festival" shows films from Central and Eastern Europe, while the "Vienna Independent Shorts" focuses on short films.
Salzburg builds new prison
Salzburg is to get a new prison.
Postwoman killed by express train
An 32-year-old postwoman was killed instantly when she apparently failed to see a stop sign on a train track - and was hit by a 120 kph express train at the Grimmenstein sortage depot in the Lower Austrian region of Neunkirchen.
Dirty water caused by excrement
Health experts are struggling to find the source of excrement that has contaminated water supplies at the town of Köstendorf in Salzburg province.
Man Utd chase Austrian ace
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