The number of overnight stays in rented accommodations during domestic and outbound visits to friends and relatives in Germany is projected to grow steadily from 2024 to 2028. Starting from a base of 4.9328 million trips in 2024, the forecast anticipates a consistent increase, reaching 5.3674 million trips by 2028. Compared to 2023, this reflects a notable growing trend. The annual year-on-year growth rate hovers around 2-3%, while the five-year compound annual growth rate (CAGR) is expected to be approximately 2.1%.
Future trends to watch for include the impact of changing travel preferences post-pandemic, digitalization in rental accommodations, and economic factors affecting travel budgets. These elements could influence fluctuations in growth trajectories and demand for rented accommodations.
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