The gross investment in the food and beverage service activities sector in Austria exhibited notable volatility over the past decade. After a decline from 2013 to 2015, investment began to recover in 2017, achieving a significant increase in 2018 and 2019. However, the sector faced a substantial setback in 2020, attributed to the COVID-19 pandemic. A recovery trend emerged post-2020, with gradual increases leading to a value of 412.7 million Euros in 2023.
Year-on-year analysis for the last two years shows a 7.28% increase in 2022 and a 5.25% increase in 2023. The Compound Annual Growth Rate (CAGR) for the past five years (2018-2023) stands at approximately 0.37%.
Looking ahead, the sector is forecasted to continue its positive trajectory, with the CAGR from 2024 to 2028 projected at 1.37%, and a total growth rate of 7.07%. Key future trends to watch include the sector’s adaptability to economic changes, technological innovations, and evolving consumer preferences toward sustainability and health-conscious dining options.
