The Food and Beverage Service Activities Sector in Austria showed steady growth from 2013 to 2019, culminating in a turnover of 11.57 billion Euros in 2019. The sector faced a significant downturn in 2020 due to the COVID-19 pandemic, with turnover plummeting to 8.52 billion Euros. However, a robust recovery followed, with turnover reaching 13.08 billion Euros by 2023. The last two years (2022 and 2023) displayed year-on-year growth rates of 13.63% and 9.71%, respectively. Over the past five years, the Compound Annual Growth Rate (CAGR) stood at 3.13%.

Future trends to watch for:

Sustainability initiatives driving changes in food service offerings.
Increased adoption of technology and digitalization in service delivery.
Growing consumer preference for health-focused food and beverage options.
Potential impacts of global economic conditions on disposable incomes and spending behaviors.