The accommodation and food services output in Germany exhibited a general upward trend from 2013 to 2019, with consistent year-on-year growth rates averaging around 4%. However, the sector faced a significant downturn in 2020 due to the COVID-19 pandemic, with a sharp decline of -31.75%. A slight recovery occurred in 2021, followed by a robust rebound in 2022 with a growth rate of 56.6%. Yet, 2023 experienced a downturn with a -14.03% variation, standing at 96.65 Billion Euros. Over the last five years, the annual average growth rate (CAGR) is projected to be 1.16%, indicating moderate future growth. Forecast data suggests gradual recovery, with values expected to reach 103.96 Billion Euros by 2028.

Future trends to watch for include:

The impact of inflation and possible economic instability.
The effects of technological advancements and digitalization on the sector.
Shifts in consumer behavior post-pandemic with varying demands for accommodation and food services.
Changes in regulations and labor market dynamics affecting the sector.