Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Top Stories

Turnover in Germany’s restaurants, hotels rose markedly in 2022

Turnover in Germany's restaurants, hotels rose markedly in 2022 1

BERLIN (Reuters) – Turnover in accommodation and food services in Germany rose strongly in 2022 compared with 2021 despite high inflation, the federal statistics office said on Thursday.

Turnover in restaurants and hotels increased by 47% year-on-year in 2022 in real terms, as the sector benefited from the easing of pandemic restrictions, the office said.

Despite the strong increase, real turnover of accommodation and food services was still below pre-pandemic levels in 2022. According to the first estimate of the statistics office, turnover was just over 11% lower than in 2019.

In nominal terms, turnover in the sector went up 57% year-on-year in 2022.

The difference between the results in real and nominal terms reflects the high price increases for food and energy, Destatis said.

 

(Reporting by Maria Martinez, editing by Rachel More)

 

Global Banking and Finance Review Awards Nominations 2022
2023 Awards now open. Click Here to Nominate

Advertisement

Newsletters with Secrets & Analysis. Subscribe Now