The event catering sector in Austria witnessed a fluctuating trend in the number of employees from 2013 to 2023. The sector saw modest increases up to 2015, then a decline in 2017, with a sharp decrease in 2020 likely due to the COVID-19 pandemic. Recovery began in 2021 with notable year-on-year growth of 28.54%, regaining momentum to reach 3.88 thousand employees in 2023. The five-year CAGR stands at a positive 1.46%, highlighting a steady recovery and sector resilience.
Looking forward, forecasted data from 2024 to 2028 suggest a stable growth trajectory with a 5-year CAGR of 0.73% and a cumulative growth rate of 3.73%. This points to a gradual increase in sector employment, reflecting optimism and potential market stabilization.
Future trends to watch for include the continued impact of economic recovery post-pandemic, technological advancements in event management, and potential shifts in consumer preferences towards virtual or hybrid event formats which may alter employment dynamics within the sector.