In 2023, the number of persons employed in the Travel Agency Activities sector in Austria stood at 9.25 thousand employees. Forecasted data indicates a generally positive trend from 2024 onwards, with employment expected to rise to 9.3 thousand in 2024, 9.33 thousand in 2025, 9.35 thousand in 2026, 9.38 thousand in 2027, and 9.4 thousand in 2028.
Year-on-year percentage variations suggest slight growth: • From 2024 to 2025: 0.32% increase • From 2025 to 2026: 0.21% increase • From 2026 to 2027: 0.32% increase • From 2027 to 2028: 0.21% increase
The Compound Annual Growth Rate (CAGR) over the 5-year period from 2023 to 2028 is approximately 0.32%, signifying a consistent but modest annual growth in employment in the Travel Agency Activities sector.
Future trends to watch for include the impact of digitalization and AI automation on travel agencies, shifts in consumer travel behavior post-pandemic, and potential shifts in regulations or policies affecting the travel industry in Austria.
