The event catering sector in Austria has experienced moderate fluctuations over the past decade, peaking at 65.8 million Euros in 2019 before dropping steeply to 48.1 million Euros in 2020 due to the pandemic. A rebound occurred in 2021 and 2022, reaching 67.0 million Euros by 2022. As of 2023, the value stood at 74.3 million Euros, marking a year-on-year increase of 10.9% from the previous year. The CAGR over the last five years is 4.13%, indicating resilient growth despite the significant decrease in 2020. Forecasted data suggests continued growth, with the value projected to reach 91.4 million Euros by 2028.
Future trends to watch for in the event catering industry include:
- Continued recovery and growth post-pandemic as in-person events return.
- Increased demand for sustainable and locally sourced catering options.
- Technological advancements in event planning and catering services.
- Rising labor costs which could impact wage and salary structures.
- Innovations in menu offerings to cater to diverse dietary preferences and health-conscious consumers.
