Forecast: Internal Tourism Consumption of Tourism Characteristic Products in Austria

From a value of 25.43 billion euros in 2012, internal tourism consumption of tourism characteristic products in Austria exhibited steady growth up until 2019, reaching 31.0 billion euros. A significant decrease occurred in 2020 due to the impact of the COVID-19 pandemic, plunging to 17.66 billion euros. A robust recovery began in 2021 with a 63.42% increase, and by 2023, the value stood at 32.33 billion euros. The overall 5-year CAGR leading up to 2023 was relatively modest at 1.19%.

Values from 2024 onward are forecasted to continue this moderate upward trend, predicting values rising from 32.84 billion euros in 2024 to 34.3 billion euros in 2027. With a forecasted 5-year growth rate of 6.09% and a forecasted CAGR of 1.19%, the outlook suggests a steady but cautious recovery and growth trajectory.

Future trends to watch for include:

• Potential impacts of any new global health crises or economic downturns.
• Changes in consumer behavior and preferences towards sustainable and local travel.
• Technological advancements influencing tourism services and product offerings.
• Government policies and support towards boosting internal tourism post-pandemic.