In 2023, the number of overnight stays in accommodations during outbound business trips from Germany stood at approximately 3.2 million. From 2024 to 2028, a consistent decline is forecasted. Year-on-year variations are expected as follows: 2025 (-3.98%), 2026 (-4.06%), 2027 (-4.16%), and 2028 (-4.25%). Over this period, there is a CAGR of approximately -4.1%.
Future market trends indicate a shift towards increased utilization of digital meeting solutions, reducing the need for business travel. Moreover, sustainability concerns may lead companies to cut down on travel, affecting the accommodation sector. Monitoring technological advances and evolving corporate travel policies will be essential.
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