In 2024, the forecasted number of overnight stays in rented accommodations during outbound trips in Germany is set at 22.497 million, compared to the 2023 actual figure. This figure is anticipated to increase annually, reaching 23.244 million by 2028. This shows a steady upward trend with approximately 0.78% to 0.80% year-on-year growth and a compound annual growth rate (CAGR) of 0.82% from 2024 to 2028.
Future trends to watch for include:
- Shifts in consumer preference towards short-term rentals as an alternative to traditional accommodations.
- Impact of geopolitical events and economic conditions on outbound travel behavior.
- Technological advancements facilitating easier booking and stay personalization options.
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