The gross investment in Austria's event catering sector showed significant volatility over the past decade. Starting at a high point in 2013, it sharply dropped in 2014 but recovered in 2015. The sector saw moderate fluctuation from 2016 to 2019. The year 2020 marked an aberration with a dramatic increase, followed by a decline in 2021. The sector slightly recovered in 2022 and 2023, standing at 9.1 million Euros in 2023. Over the last five years, the average annual growth rate (CAGR) was 6.96% with a forecasted CAGR of 1.46% for the upcoming five years.
Future trends to watch for:
- Impact of economic recovery post-2020 surge.
- Changes in consumer behavior and event dynamics.
- Influence of sustainability and health regulations on the catering sector.
- Technological advancements in the catering industry.
