Between 2013 and 2023, the number of persons employed in event catering in Austria displayed fluctuations, increasing from 4.01 thousand to 4.42 thousand employees. Notable drops occurred in 2016 and 2020, the latter likely due to the COVID-19 pandemic, followed by recovery periods in subsequent years. From 2022 to 2023, there was a year-on-year increase of 7.57%, indicating a strong recovery phase.
From 2019 to 2023, the Compound Annual Growth Rate (CAGR) was 1.75%, signaling steady growth. The projected CAGR from 2024 to 2028 is 0.99%, with a forecasted growth rate of 5.02% over these five years, suggesting continued albeit modest growth.
Future trends to watch for include:
- Digital transformation and increased automation within the event catering industry.- Consumer demand for sustainable and eco-friendly catering options.- The potential impact of global economic fluctuations on disposable incomes and event budgets.
