A popular tourist destination, Innsbruck is the administrative centre of Tyrol and the main economic centre of western Austria. Small and middle-sized businesses play a significant role in the city's economy, and the tourism industry is the major contributor to the economy. Innsbruck also bridges the economic areas of Italy, Germany, east Austria, Vienna, and Switzerland.
Companies like Tiroler Wasserkraft, Bank für Tirol und Vorarlberg, MED-EL, Swarovski, Swarco etc. have their headquarter in and around Innsbruck which contributes to the economy of the city.
Innsbruck earns a staggering amount from tourism. The city's scenic atmosphere, winter sports facilities, both in summer and winter, attracts tourists from around the globe, thereby enhancing the economy.
The city's location helps in its economic growth. Innsbruck offers freeway access to Munich, Germany, and Verona, Italy. Innsbruck Hauptbahnhof is an important railway station of Innsbruck and Tyrol. The airport of the city offers flights to Frankfurt, London, and Vienna.