The production value of event catering in Austria has shown considerable variability over the past decade. In 2023, the value stood at 288.2 million Euros. The sector saw an initial decline from 2013 to 2014, followed by robust growth until 2019. The COVID-19 pandemic severely impacted the industry in 2020, resulting in a dramatic 46.52% year-on-year decline. The market rebounded strongly in 2021 and continued to recover through 2023, with an average CAGR of 2.6% over the past five years.
Future projections indicate a moderate growth trajectory with an anticipated 0.88% CAGR from 2024 to 2028, culminating in a production value of 307.0 million Euros by 2028. Key trends to monitor include the adaptation to hybrid events, increased demand for sustainability in catering services, and the incorporation of technology to enhance client experiences.
