Hospitality Industry in Germany Market Size

Market Size of Hospitality Industry in Germany

Study Period	2019 - 2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Historical Data Period	2019 - 2022
CAGR	> 2.30 %
Major Players *Disclaimer: Major Players sorted in no particular order

Germany Hospitality Market Analysis

The hospitality industry in Germany is dynamic and growing. In 2018, the industry witnessed an addition of more than 16,000 rooms and 200 hotels.
With the increasing number of tourist arrivals, the hospitality industry is projected to grow further in the future. Travelers from abroad spent more than 39 million nights in the country during the first half of 2019, which was 3% more when compared to the same period in 2018, according to Germany's Federal Statistical Office.
Domestic tourism is also increasing rapidly in the country. In the first half of 2019, the overall overnight stays by Germans within their home country rose by 4% to around 182 million, as compared to the same period in 2018.
Germany has been recording an increasing number of leisure trips and business trips. The country is home to a number of companies, with more than 200 brands that are spread across Germany.
Germany is also home to a large number of independent hotels with more than 20,000 hotels that perform independently and cover all the segments. The international brands have their footprints all over the leading tourist destinations, with a high number of rooms; however, domestic brands have their presence in the tier-II cities, with good market coverage.

Germany Hospitality Industry Segmentation

The report covers a complete background analysis of the hospitality industry in Germany, including an assessment of the industry associations, overall economy, emerging market trends (by segment), significant changes in the market dynamics, and market overview.

Type
		Chain Hotels
		Independent Hotels

Segment
		Service Apartments
		Budget and Economy Hotels
		Mid- and Upper Mid-scale Hotels
		Luxury Hotels

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Hospitality Industry in Germany Size Summary

The hospitality industry in Germany is experiencing significant growth, driven by an increase in both international and domestic tourism. The country has seen a rise in tourist arrivals, with travelers from abroad spending millions of nights, and a notable increase in domestic overnight stays. This growth is supported by a robust presence of both international and independent hotels, with international brands expanding their footprint in major tourist destinations like Berlin, Munich, and Frankfurt. The industry is characterized by a mix of independent and branded hotels, with international chains such as IHG planning to significantly increase their presence through new hotel projects. This expansion is facilitated by mergers and acquisitions, which have bolstered the market position of international brands.

Germany's hospitality sector is marked by a dynamic landscape where international brands have gained a substantial presence, contrasting with the historical dominance of domestic brands. The market is not only growing in major cities but also in tier-II cities, where domestic brands have established a stronghold. The increasing brand penetration rate reflects the rising number of tourist activities, both leisure and business, across the country. The construction pipeline for new hotels indicates a continued focus on expanding capacity to meet the growing demand, particularly in leading cities. This growth trajectory positions Germany as a key player in the European hospitality market, with a balanced mix of international and domestic brand presence.

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