Forecast: Household Expenditure on Restaurants and Hotels in Germany

Household expenditure on restaurants and hotels in Germany showed a steady increase from 2013 to 2019, with year-on-year variations ranging from 1.63% to 5.37%. The COVID-19 pandemic led to a sharp decline in 2020, showing a significant drop of 33.25%. A gradual recovery began in 2021 with a 3.78% increase, peaking dramatically in 2022 at 53.54%. However, 2023 saw a decline of 14.09%, with expenditure standing at 86.79 billion euros. The forecast from 2024 to 2028 predicts a slow but steady recovery, with a five-year CAGR of 1.01% and a total growth rate of 5.16% by 2028.

Future trends to watch for include:

  • Post-pandemic recovery patterns and their impact on household spending behaviors.
  • The influence of economic conditions such as inflation and employment rates on disposable income.
  • Technological advancements in the hospitality industry, including increased use of digital services and delivery options, which could alter traditional spending habits.
  • Changes in consumer preferences towards sustainable and health-conscious dining and lodging options.

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