The employees in the Sports Activities, Amusement, and Recreation Activities sector in Austria have seen various fluctuations over the last decade. In 2023, the number of employees stood at 19.74 thousand units, showing a small rebound from the pandemic-induced dip observed in 2020 and 2021. The sector faced a significant year-on-year decline of 10.73% in 2020, another dip of 1.6% in 2021, and then recovered with an increase of 8.74% in 2022 followed by a smaller 1.75% rise in 2023. The Compound Annual Growth Rate (CAGR) for the five years leading up to 2023 has been tepid at just 0.1%, reflecting a slow recovery process from the pandemic's impact.
Looking forward, the sector is forecasted to grow steadily with a 5-year CAGR of 1.26%, leading to an overall growth rate of 6.47% by 2028. Future trends in the sector to watch for include:
- The influence of digitalization on sports and recreational activities, potentially leading to increased employment in new sub-sectors.
- Continued recovery and growth post-pandemic as restrictions ease and participation in recreational activities rebounds.
- Expansion in eco-friendly and sustainable sports and recreation initiatives, potentially creating new job opportunities.
