The wages and salaries of travel agencies in Austria witnessed fluctuations between 2013 and 2023. From 2013 to 2019, the salaries generally increased, with notable dips in 2016 and 2017. Post-2019, the economic impact of the COVID-19 pandemic in 2020 led to a significant decline in salaries, dropping by 16.79%. However, the sector showed resilience with a strong recovery in 2021 and consistent growth through 2022 and 2023, reaching 280 million euros in 2023. The CAGR over the last five years was 2.13%, reflecting steady growth despite the pandemic impact.

Future trends to watch for:

Projected steady CAGR of 1.38% over the next five years
Emerging impacts of digitalization and automation on traditional travel agency roles
Potential shifts in travel patterns and consumer behaviors post-pandemic