In 2023, the number of employees in the Travel Agency Activities sector in Austria was 8.35 thousand. The forecast indicates a steady growth in employment over the coming years, with figures reaching 8.36 thousand in 2024 and 2025, 8.37 thousand in 2026 and 2027, and 8.38 thousand in 2028. Year-on-year variation shows a minimal increase of approximately 0.01 thousand employees annually. The average compound annual growth rate (CAGR) over the last five years is estimated at around 0.096% per year.
Future trends to watch for include:
- Technological advancements in travel planning and booking processes.
- Changes in consumer travel behaviors and preferences post-pandemic.
- Development of sustainable travel and eco-tourism influencing job roles and requirements.
- Potential market consolidation or expansion of services offered by travel agencies.