Germany's Hospitality Industry Sees Mixed Results in April 2019
The German hospitality industry has seen mixed results in recent months. Nationally, real id turnover decreased by 1.7% in April 2019 compared to the previous year, while nominal turnover increased by 0.5%.
Looking at specific sectors, gastronomy fared relatively well with a 0.5% increase in nominal turnover, despite a 2.0% decrease in real id turnover. However, accommodation struggled with a significant 11.6% drop in real id turnover and a 10.1% decrease in nominal turnover compared to April 2018.
Regionally, the North Rhine-Westphalian hospitality industry experienced a 4.7% decrease in real id turnover in April 2019. However, for the first four months of 2019, the region saw a real increase in turnover of 0.5% and a nominal increase of 2.5% compared to the same period in 2018.
Despite the mixed results, the total real id inflation-adjusted revenue development of the German hospitality industry up to April 2019 showed a positive growth of approximately 3.7% compared to the previous year.
