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Set Up a Hotel in Austria

Set Up a Hotel in Austria

Tourism is one of the most developed Austrian industries and it has a significant contribution to the economy. In order to function properly this sector is well supported by all three large sub-sectors: travel agencies, restaurants and hotels. At this moment, foreign investors interested in starting a business in the tourism industry can choose any of the three branches, depending on the amount they want to invest.

For example, those who want to open a hotel in Austria must comply with certain regulations. Our company registration consultants in Austria can assist with the incorporation procedure when setting up a hotel in this country.

Legislation related to opening a hotel in Austria

The Company Act is the first law to be complied with when creating an Austrian hotel. This is because, the hotel will carry out an economic activity which implies registering a company. Then specific regulations related to the hotel industry must be complied with. Among these, the Hotel Contract Conditions Act, shortly known as the OHBV, is the most important as it regulates the relations between the company and its clients.

The OHBV provides for the rights and obligations of both clients and the service provider, which is the Austrian hotel. Health and other safety regulations must also be complied with when opening a hotel in Austria.

Hotels need to prepare and submit accurate annual financial statements that are accurately supported by additional documentation. As these types of businesses are often incorporated as large corporations, additional requirements are often in place. Our accountants in Austria assist hotel owners, as well as boutique hotel owners who wish to ensure complete compliance with the ongoing tax requirements.

Our Austrian company formation agents can explain the main laws related to establishing an accommodation business in this country.

Hotel classification in Austria

There are several types of accommodation establishments which can be registered in Austria and which must undergo classification, just as restaurantsHotel ratings in Austria must be carried out by independent authorities, such as the Professional Hotel Association. The ratings which can be received by Austrian hotels range between 1 and 5 stars, but a special mark, called Superior can be achieved by certain establishments.

Hotel ratings in Austria are based on:

  • –          the quality of services and professionalism of the hotel staff;
  • –          the location, aspect and easy access to the hotel;
  • –          the facilities offered;
  • –          the satisfaction of the clients.

If you want to set up a hotel in Austria and need assistance with the registration of the company, please contact us.