The hospitality industry has suffered particularly from the Corona measures. Now sales are up again. This is also related to significant price increases.
After a long race to catch up, the hospitality industry in Germany achieved sales at the level before the corona crisis for the first time in June. Mainly thanks to significant price increases, the landlords and hoteliers had as much money in their coffers as they were last in February 2020, the Federal Statistical Office reported on Friday in Wiesbaden.
Adjusted for seasonal and calendar effects, nominal sales in June were 0.1 percent higher than in this last full month without the impact of the pandemic.
In real terms, i.e. at unchanged prices, there was still a 10.1 percent lack of business in June. According to the figures, the entire first half of the year was even 22.1 percent below the first half of 2019. A clear recovery can be seen in comparison to the crisis year 2021, when extensive lockdowns initially applied in the first half of the year. Since then, sales have almost doubled, with increases of 109.2 percent nominal and 98.5 percent real. Hotels and other accommodation establishments have recovered a little better than the catering industry.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
