Hospitality employment in Germany has shown considerable variability over the past decade. The number of employees in this sector declined sharply in 2020 due to the pandemic, dropping to 1.34 thousand employees, a 23.8% decrease from 2019. This was followed by a significant recovery in 2021 and 2022 with growth rates of 24.57% and 11%, respectively. As of 2023, employment stands at 1.99 thousand, marking a 7.75% increase from the previous year.
Looking ahead to 2024 and beyond, the forecast indicates steady growth in the hospitality sector, reaching 2.23 thousand employees by 2028. The compound annual growth rate (CAGR) over the next five years is projected at 1.84%, with an overall growth rate of 9.52% during this period.
Future trends to watch for include potential impacts from economic fluctuations, evolving consumer behaviors, and technological advancements in the hospitality sector. Sustainable tourism and the adoption of digital solutions may further shape employment dynamics in this industry.
