The turnover of services incidental to air transportation in Austria has shown a volatile trend from 2013 to 2023, with a significant drop in 2020 due to external factors, followed by a recovery phase. The year-on-year variations have fluctuated, with a notable decline of -42.03% in 2020 and a strong rebound of 42% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years (up to 2023) is low at 0.59%, reflecting the slow recovery post-2020. The forecasted data from 2023 to 2028 indicates a steady increase, with a forecast 5-year CAGR of 2.07%, suggesting a gradual improvement in the sector.
Looking ahead, key trends to watch include technological advancements in air transportation services, increased focus on sustainability within the industry, and the potential impact of global economic shifts on travel patterns. These factors could significantly influence the trajectory of the sector’s growth and its recovery pace.