In Germany, it is anticipated that turnover in the accommodation and food services sector will increase by slightly over 47% in real terms from 2021

January 24, 2023

Turnover in accommodation and food services in Germany, annual result of 2022 (estimate, provisional, unadjusted values)
+47% in 2022 compared with 2021 (in real terms)
+57% in 2022 compared with 2021 (in nominal terms)

Turnover in accommodation and food services, November 2022 (provisional results, calendar and seasonally adjusted)
-6.0%, in real terms, on the previous month
-5.4%, in nominal terms, on the previous month
+12.6%, in real terms, on the same month a year earlier
+23.3%, in nominal terms, on the same month a year earlier

With the fading Covid pandemic and the abolishment of nearly all Covid restrictions, accommodation and food service activities in Germany generated markedly higher turnover in 2022 than in the previous year. The turnover generated by food service and accommodation establishments in 2022 was by just over 47% (in real terms, price adjusted) and by just over 57% (in nominal terms, not price adjusted) higher than in 2021, according to an estimate of the Federal Statistical Office (Destatis). The difference between the results in real and nominal terms reflects the high price increases for food and energy. However, real turnover of accommodation and food services in 2022 was by just over 11% lower than in the pre-Covid year of 2019, whereas nominal turnover was by just under 1% higher.

Source: DESTATIS
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