Hospitality Industry in Germany Market Size

Statistics for the 2023 & 2024 Hospitality Industry in Germany market size, created by Mordor Intelligence™ Industry Reports. Hospitality Industry in Germany size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Hospitality Industry in Germany

Hospitality Industry in Germany Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 2.30 %

Major Players

Hospitality Industry in Germany  Key players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Germany Hospitality Market Analysis

  • The hospitality industry in Germany is dynamic and growing. In 2018, the industry witnessed an addition of more than 16,000 rooms and 200 hotels.
  • With the increasing number of tourist arrivals, the hospitality industry is projected to grow further in the future. Travelers from abroad spent more than 39 million nights in the country during the first half of 2019, which was 3% more when compared to the same period in 2018, according to Germany's Federal Statistical Office.
  • Domestic tourism is also increasing rapidly in the country. In the first half of 2019, the overall overnight stays by Germans within their home country rose by 4% to around 182 million, as compared to the same period in 2018.
  • Germany has been recording an increasing number of leisure trips and business trips. The country is home to a number of companies, with more than 200 brands that are spread across Germany.
  • Germany is also home to a large number of independent hotels with more than 20,000 hotels that perform independently and cover all the segments. The international brands have their footprints all over the leading tourist destinations, with a high number of rooms; however, domestic brands have their presence in the tier-II cities, with good market coverage.

Hospitality Industry in Germany Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)