The value added of sports activities, amusement, and recreation activities in Austria has shown an impressive upward trend from 2013, experiencing annual growth rates between 3% and 10%. However, the sector faced a significant downturn in 2020, with a sharp decline of 21.99% due to the COVID-19 pandemic. This decline was followed by a robust recovery in 2021 with an 18.25% increase and continued positive growth through 2023, standing at 1.88 Billion Euros. The five-year CAGR from 2019 to 2023 was 3.39%.
Forecasts for the period from 2024 to 2028 indicate moderate growth, with the value expected to reach 2.17 Billion Euros by 2028. The forecasted five-year CAGR is 2.32%, translating to an overall growth rate of 12.17% over this period.
Future trends to watch for include potential impacts of economic fluctuations, evolving consumer preferences, and technological advancements in sports and amusement activities. Sustainability practices and the increasing digitalization of recreational services could also play a critical role in shaping the landscape of this sector.
