Hotel industry & gastronomy

Development of the industry economy

With over 200,000 companies, almost 2 million employees, and net annual sales of around 60 billion euros, the hospitality industry is one of the most important sectors in Germany. Due to the Corona pandemic and the associated measures to protect the population, many tourist and gastronomic establishments were unable to continue their regular operations.

The hotel and catering industry is one of the industries most affected by the Corona crisis as a whole.

  • Sharing economy in tourism, Airbnb as a disruptive business model.
  • Virtual communities and social networks, especially TripAdvisor, strongly influence customers and provide higher transparency and thus quality of accommodation and service
  • Enormous loss of revenue due to the Corona pandemic

Industry News

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