The forecasted number of overnight stays in rented accommodations during domestic and outbound family trips in Germany shows a declining trend starting from 2024 with 36.855 million trips, decreasing to 31.54 million by 2028. In 2023, the actual number was higher, indicating a downward trend in the coming years. Year-on-year percentage declines show a consistent reduction, with an average annual decrease (CAGR) developing over this forecast period.
Future trends to watch for:
- The impact of changing travel preferences and increased competition from alternative lodging options such as Airbnb.
- The influence of economic factors, including inflation and disposable income, on travel budgets.
- Technological advances and digitalization influencing accommodation bookings.
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