The forecast for overnight stays in hotels or similar establishments during domestic and outbound visits to friends and relatives in Germany shows a steady increase from 3.4672 million in 2024 to 3.7735 million in 2028. This indicates a consistent upward trend, with an average annual growth of approximately 2.1% since 2023, when the figure stood at 3.3919 million.
Over the last two years, the annual growth rates suggest a stable increase in domestic travel, reflecting a growing inclination among individuals to visit friends and relatives, contributing to the hospitality sector's growth. The compound annual growth rate (CAGR) over this five-year forecast period is projected to stay robust.
Future trends to watch for include:
- Changes in travel behavior post-pandemic, impacting domestic versus international stays.
- Technological advancements and digitalization affecting booking and travel habits.
- Economic factors and disposable income influencing travel frequency and duration.
Latest reports
US Tourism Market Report- Q4 2024
The US tourism industry experienced significant dynamism in the fourth quarter of 2024, driven by various economic, regulatory, and consumer behavior factors. This...
China Tourism Market Report- Q4 2024
In the fourth quarter of 2024, China's tourism industry continued its robust recovery, bolstered by strong domestic travel and innovative strategic initiatives. The...
Japan Tourism Market Report- Q4 2024
In the fourth quarter of 2024, Japan's tourism industry saw a robust recovery, with foreign visitor numbers reaching 33.37 million, surpassing pre-pandemic levels....
Germany Tourism Market Report- Q4 2024
In Q4 2024, Germany experienced a robust recovery in its tourism sector, driven by significant international interest and strategic initiatives across various segments....
India Tourism Market Report- Q4 2024
In Q4 2024, the Indian tourism industry experienced a dynamic shift, driven by varying market segments and external economic conditions. This period was...
UK Tourism Market Report- Q4 2024
The UK tourism industry in Q4 2024 demonstrates a dynamic environment shaped by technological advancements, economic pressures, and evolving consumer preferences. Key market...
France Tourism Market Report- Q4 2024
Q4 2024 has been a dynamic period for the tourism sector in France, characterized by evolving trends and significant regulatory developments that are...
Canada Tourism Market Report- Q4 2024
In the fourth quarter of 2024, the Canadian tourism industry shows a nuanced recovery, with a noticeable increase in domestic travel due to...
South Korea Tourism Market Report- Q1 2025
The first quarter of 2025 witnessed dynamic changes in the Tourism South Korea market, driven by various economic and geopolitical factors. Inbound tourism...
Australia Tourism Market Report- Q4 2024
The fourth quarter of 2024 showcased a dynamic period for the tourism industry in Australia, marked by significant trends in various sectors including...