Status: 12/19/2022 12:21 p.m
Despite a strong recovery, the hospitality industry as a whole continues to struggle with problems. While hotels are doing as well as before the Corona pandemic, gastronomy is suffering primarily from high inflation.
The German hospitality industry is currently doing less well than before the Corona crisis. According to the Federal Statistical Office, sales in October exceeded the pre-crisis level by 5.5 percent. In real terms, i.e. adjusted for inflation, the industry’s revenues were 9.3 percent below the figure for October 2019.
Hotels above pre-crisis levels
However, this is solely due to the weakness of the catering trade: while sales there in real terms were still 12.5 percent below those of October 2019, hotels and other accommodation facilities, adjusted for price, turned over 2.3 percent more than before the outbreak of the pandemic.
From September to October, the revenues of the entire industry remained largely unchanged. Compared to October 2021, however, sales recovered by a significant 22.5 percent. Adjusted for price, there was still an increase of 12.3 percent. The recovery in the accommodation establishments was more dynamic than in the catering trade. Within the space of a year, revenues here rose by 18.3 percent in real terms, while restaurants were only able to increase by 9.7 percent.
Energy costs biggest challenge
According to a recent survey by the German Hotel and Restaurant Association (Dehoga), rising energy costs are the biggest challenge for 89 percent of companies, followed by high costs for food (81 percent) and staff (68 percent). 41.9 percent are concerned about the coming year because they fear slipping into the red.