The employment in the Restaurant and Mobile Food Service Activities sector in Austria has shown a dynamic trend over the last decade. Between 2013 and 2019, there was a consistent annual growth marked by a CAGR of around 3%. However, the sector faced a sharp decline in 2020 due to the pandemic, with a notable year-on-year decrease of 18.08%. The recovery phase started in 2021 with significant growth, and by 2023 the sector had bounced back to a level higher than the pre-pandemic figures, standing at 106.65 thousand FTEs, marking an increase of 5.82% compared to the previous year.
Looking ahead, the sector is projected to sustain a moderate growth rate with a CAGR of 1.44% from 2024 to 2028. Employment is expected to reach 116.75 thousand FTEs by 2028, indicating a forecasted 5-year growth rate of 7.4%.
Future trends to watch for:
- Adoption of technology and automation which could affect labor demand.
- Changes in consumer behavior towards dining out post-pandemic.
- Regulatory changes and labor market policies impacting employment.
- Potential shifts towards sustainability and green practices in food services.
