The Event Catering sector in Austria has seen fluctuating employment figures over the past decade. The year 2023 saw 4.43 thousand employees, marking a 7.56% increase year-on-year. However, the market experienced a sharp dip in 2020 with employment dropping by nearly 29% due to the impact of the pandemic but rebounded with over 24% increase in 2021. The compounded annual growth rate (CAGR) for the past five years stands at 1.77%. Looking ahead, forecasts predict continuous growth, with employment expected to reach 4.71 thousand by 2028, reflecting a 0.99% CAGR over the next five years.
Future trends to watch for include:
- The impact of digital and virtual events on the catering sector.
- Increasing demand for sustainability and eco-friendly catering solutions.
- Potential economic fluctuations that may arise from global factors.
