The production in the tour operator activities sector in Austria saw significant fluctuations from 2013 to 2023. Starting at 181.2 million euros in 2013, it peaked slightly in 2014 and 2015 before experiencing a sharp decline in 2016. The period from 2016 to 2019 showed moderate variability, with a notable recovery in 2019. However, the sector was severely impacted in 2020, plummeting by almost 62% year-on-year due to the global pandemic. Recovery began in 2021 and continued through 2023, with the value reaching 141.5 million euros in 2023, an increase of 13.56% over the previous year. The 5-year CAGR from 2018 to 2023 was nearly flat at -0.028%, indicating stabilization in recent years.
Forecasts from 2024 to 2028 suggest a slight decline, with a five-year average CAGR of -0.2%. This signifies a period of gradual contraction, with the production value expected to decrease to 139.5 million euros by 2028, reflecting a 0.99% drop over the five-year forecast period.
Future trends to watch for include potential changes in international travel regulations, the impact of digital transformation on tour operator activities, and evolving consumer preferences that could drive shifts in demand for tour services.
