The forecasted number of persons employed in travel services in Austria indicates a gradual, stable increase from 2024 to 2028. Specifically, employment will rise from 14.42 thousand persons in 2024 to 14.55 thousand persons in 2028. Given that we are now in 2024, the employment figure for 2023 was 14.38 thousand persons. Year-on-year analysis reveals a very modest growth rate, with increases of approximately 0.21% to 0.28% per annum over the forecasted period. The compound annual growth rate (CAGR) over these five years is around 0.21%.

Future trends to watch for in this sector include:

Technological advancements in travel services, which could reduce the need for human resources.
Changes in travel regulations and consumer behavior post-pandemic.
Economic fluctuations that may affect travel demand and subsequently employment rates.