Key Market Indicators
**German Accommodation Sector Poised for Steady Growth** Germany's accommodation establishments are projected to reach approximately 877,000 bedplaces by 2028, a notable increase from the current 814,000 bedplaces in 2023. This marks a year-on-year average growth rate of 1.2%. Historically, the supply has surged by 2.1% annually since 1995. In 2023, Germany ranked fourth globally, with France leading the pack at 814,000 bedplaces. Spain, France, and Germany held the second, third, and fourth positions respectively in this ranking. When it comes to accommodation expenditure, Germany is expected to see a rise to around €21.6 billion by 2028, up from €19.7 billion in 2023. This reflects a 1.4% yearly growth rate. However, since 2000, demand in Germany has slightly declined by 0.4% per year. In the 2023 rankings, Germany stood fourth, with France surpassing it at €19.7 billion. Italy, France, and Germany were ranked second, third, and fourth respectively. The revenue from German accommodation services is forecasted to hit approximately €51.7 billion by 2028, growing from €42 billion in 2023. This indicates an average annual growth rate of 3.3%. Since 2010, the German market has expanded by 3.7% each year. In the global rankings, Spain, France, and the United Kingdom occupied the second, third, and fourth spots respectively.