The production volumes of Austria's accommodation and food services sector displayed a steady growth from 2013 to 2019, with average year-on-year increases around 1-3%. A sharp decline of 43.35% was observed in 2020 due to the global pandemic, but the sector rebounded strongly in 2021 with a surge of 62.52%. By 2022, the industry had surpassed pre-pandemic levels, and 2023 saw further stabilization with a modest growth rate of 1.06%, bringing the production value to 28.28 billion Euros.

Looking ahead, the forecast indicates a continued growth trajectory with a forecasted 5-year CAGR of 0.87%, achieving a total increase of 4.42% by 2028.

Future trends to watch for include:

The impact of increasing tourism and events on production volumes.
Technological advancements in service delivery and their effects on productivity.
Consumer behavior shifts towards sustainable and health-oriented options in food services.
Geopolitical and economic factors influencing international travel and spending patterns.