As of 2023, the number of persons employed in the Food and Beverage Services sector in Austria stood at 207.89 thousand. From 2024 onward, the forecast data indicates a steady year-on-year growth in employment:
- 2024: 211.64 thousand employees (2023-2024 variation: +1.80%)
- 2025: 215.47 thousand employees (2024-2025 variation: +1.81%)
- 2026: 219.26 thousand employees (2025-2026 variation: +1.76%)
- 2027: 223.02 thousand employees (2026-2027 variation: +1.72%)
- 2028: 226.73 thousand employees (2027-2028 variation: +1.67%)
Averaging these year-on-year growth rates, the Compound Annual Growth Rate (CAGR) for the 2024-2028 period is approximately 1.75%.
Future trends to watch for include:
- Impact of technology and automation on labor requirements.
- Shifts in consumer preferences driven by sustainability and health considerations.
- Economic factors influencing disposable income and dining out behavior.
- Potential impacts of political or regulatory changes on the sector.