Hotels and restaurants / Germany
The hospitality industry in Germany lost dramatically in turnover during the Corona crisis.
According to estimates by the Federal Statistical Office (Destatis), the German hospitality industry turned over around 38 percent less in real terms as well as around 36 percent less in nominal terms in 2020 than in 2019. These estimates take into account hospitality turnover for the months of January to November 2020 as well as an estimate for the month of December, which was marked by the tighter lockdown.
In November 2020, hospitality sales fell 52.3 percent in real (price-adjusted) terms and 52.2 percent in nominal (non-price-adjusted) terms compared
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