Employment in the Austrian event catering sector has shown notable fluctuations over the past decade. The most significant downturn occurred in 2020, with a drastic year-on-year decline of 26.57%, largely attributed to the impact of the COVID-19 pandemic. This was followed by a rebound in 2021 and 2022, showing positive growth rates of 16.81% and 8.55% respectively. As of 2023, employment stood at approximately 2.23 thousand full-time equivalents, marking a 4.95% increase from the previous year. The last five-year CAGR reveals a modest average annual growth of 0.15%.
Looking ahead, the forecast from 2024 to 2028 suggests a slight decline with a predicted five-year CAGR of -0.47%. Trends indicate a stabilization around 2.16 to 2.21 thousand full-time equivalents, pointing towards a relatively steady workforce size.
Future trends to watch for:
- Impact of potential economic fluctuations on the event catering sector.
- Technological advancements and their role in operational efficiency.
- Changing consumer preferences and demand for event catering services.
- Influence of regulatory changes and labor market conditions.
