The employment in the beverage serving activities sector in Austria stood at 4.68 thousand full-time equivalents in 2023. Over the observed period, employment peaked at 5.99 thousand in 2015 before declining significantly. The most notable drop occurred in 2020, with a year-on-year decrease of 34.68%, likely due to the COVID-19 pandemic's impact on the sector. The following years showed recovery, with positive growth rates of 21.36% and 7.17% in 2021 and 2022, respectively. However, the five-year CAGR from 2018 to 2023 is -3.77%, reflecting an overall downtrend.
Looking ahead, employment is forecasted to continue its downward trajectory, with a forecasted five-year CAGR of -4.74% leading to a 21.55% decline by 2028. Future trends to watch include the ongoing impact of economic recovery post-pandemic, potential changes in consumer behavior regarding dining and drinking out, and potential government policies affecting the sector.
