Key Market Indicators
Revenue from German accommodation services is projected to reach 27 billion euros by 2026, up from 22.4 billion euros in 2021. This marks an average annual growth of 0.2%. Since 2010, the market has declined by 5.7% year-on-year. France, the United Kingdom and Spain were the second, third and fourth largest markets respectively. German accommodation expenditure is forecast to hit 15.2 billion euros by 2026, down from 13.2 billion euros in 2021. This equates to a compound annual growth rate (CAGR) of 0.4%. Since 2000, demand in Germany fell by 6.6% year-on-year. France led the 2021 ranking, followed by Italy, France and Germany in second, third and fourth place respectively. By 2026, the number of German accommodation establishments is expected to reach 727,720 bed places, up from 692,960 bed places in 2021. This equates to a CAGR of 0.1%. Since 1995, supply in Germany has increased by 0.6% year-on-year. Spain topped the 2021 ranking, followed by France, Spain and Germany in second, third and fourth place respectively.
Germany Hospitality Market Data and Forecasts
How much will Germany Hospitality Market grow to 2026?
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