The household expenditure on leisure in Austria showed a growing trend from 2013 to 2019, with values rising steadily from €17.66 billion to €20.29 billion. In 2020, a significant drop occurred due to the pandemic, reducing the value to €16.76 billion. However, the expenditure rebounded strongly in 2022, reaching €22.34 billion, although it slightly declined to €20.53 billion in 2023. Moving forward, expenditures are expected to gradually increase, with forecasts projecting a value of €22.08 billion by 2028, indicating a 5-year CAGR of 1.16%.
Future trends to watch for:
- Impact of economic recovery post-pandemic on leisure expenditure.
- Changes in consumer behavior and preferences in leisure activities.
- Influence of inflation and disposable income on leisure spending.
- Technological advancements and digital transformation in the leisure sector.
