Hospitality records its best sales since the Corona crisis

gastronomy

In gastronomy, inflation-adjusted revenue increased by 8.6 percent compared to the previous month.

(Photo: dpa)

Berlin With the ebbing of the corona loosening, hotels and restaurants are catching up more and more. The price-adjusted (real) price-adjusted (real) price increase in the German hospitality industry in May was 8.5 percent more than in the previous month, as the Federal Statistical Office announced on Tuesday after initial calculations. Compared to May 2021, when far-reaching restrictions were still in place for the hotel and catering industry, sales have more than doubled (+126.8 percent).

However, despite the upward trend, there is still some way to go to the pre-crisis level: In real terms, sales were almost 15 percent below the level in February 2020, the month before the outbreak of the corona pandemic in Germany. However, this gap is getting smaller and smaller.

In May, hotels and other accommodation establishments recorded a sales increase of a good eight percent compared to the previous month. Compared to the same month last year, when most federal states were banned from accommodating private travelers due to the corona pandemic, sales more than tripled (+243 percent).

In gastronomy, inflation-adjusted revenue increased by 8.6 percent compared to the previous month. Compared to May 2021, when outdoor catering was allowed to reopen in parts of Germany, sales increased by 88.3 percent. “Thus, the catering trade achieved the highest real turnover since the beginning of the corona pandemic.” However, it was still 14.9 percent below the pre-crisis level of February 2020.

Top jobs of the day

Find the best jobs now and
be notified by email.

The German Hotel and Restaurant Association (Dehoga) recently declared after a survey that the recovery was continuing. Nevertheless, the drop in sales in the first six months was still 13.4 percent below the sales of 2019 in nominal terms – i.e. not adjusted for inflation.

More: Why investors are pouring record sums into the struggling hotel industry

source site-16