From 2013 to 2023, the turnover of tour operator services in Austria experienced significant fluctuations. After an initial decline from 2013 to 2016, turnover gradually recovered from 2017 onwards, hitting a peak in 2019. The COVID-19 pandemic caused a drastic drop of 67.57% in 2020, followed by a partial recovery until 2023 where it stood at 774.6 Million Euros, marking a 15.56% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 averaged at 1.41%.

Looking ahead, the forecasted turnover from 2024 to 2028 shows a very slight decline, with a forecasted CAGR of -0.05% and a growth rate of -0.23%. This suggests a period of stabilization with minor fluctuations.

Future trends to watch for:

Potential impact of geopolitical developments and economic policy changes on travel demand.
Evolution of travel preferences, including increased interest in sustainable and experiential travel offerings.
Technological advancements in the tourism sector, such as the adoption of AI and machine learning for personalized travel experiences.