In 2023, the Accommodation and Food Services sector in Germany added a gross value of approximately 42.14 billion Euros. Notably, from 2024 to 2028, the industry's Gross Value Added is forecasted to increase steadily, reflecting consistent growth in the sector. The year-on-year growth rates show a gradual incline, with the forecast value reaching 44.41 billion Euros by 2028, suggesting a positive industry outlook with a Compound Annual Growth Rate (CAGR) of approximately 1.06% over the five-year period.

Future trends to watch for include:

Technological advancements enhancing operational efficiency and customer experience.
Shifts in consumer preferences towards sustainable and eco-friendly accommodations and food services.
Potential economic or geopolitical shifts impacting the travel and hospitality sectors.