The tourism employment market in Austria has shown a steady growth trend from 2013 to 2019, with an average yearly increase of 2.6%. Despite a significant dip of 33% in 2020 due to the pandemic, a recovery is evident with a 28.3% rise in 2021, followed by a 15.2% increase in 2022, and a notable 10.1% growth in 2023 bringing the employment value to 224.21k. The forecast period from 2024 to 2028 anticipates a moderate yet consistent growth with an average CAGR of 2.01%, projecting tourism employment to reach 254.54k by 2028.
Future trends to watch for:
- Increased digitalization and technology use in travel and tourism.
- Enhanced focus on sustainable and eco-friendly tourism practices.
- Potential growth in niche markets such as medical and adventure tourism.
- Impact of global economic conditions and potential geopolitical risks.
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