In 2024, the forecasted household expenditure on accommodation services in Austria stands at 677 euros per capita. Compared to 2023, this marks a slight increase reflecting a recovering trend post-pandemic. This upward trend continues into 2025 with an estimated expenditure of 689 euros per capita, showing an increase of approximately 1.77%. In 2026, the expenditure is expected to rise to 700 euros per capita, growing further by 1.60%. The forecast for 2027 suggests an expenditure of 712 euros per capita, representing a yearly growth rate of 1.71%. In 2028, the expenditure is projected to reach 723 euros per capita, with a consistent increase of about 1.54% from the previous year. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 1.68% per annum.
Future trends to watch for:
- Potential impacts of global economic conditions on household discretionary spending.
- Increasing importance of sustainable and eco-friendly accommodation options.
- Advancements in technology influencing accommodation services and customer satisfaction.
- Tourism policy changes and their effects on short-term vs. long-term accommodation markets.
