Germany's hospitality industry saw revenues fall by 9.3% in July, according to an industry survey published on Tuesday, offering little respite for companies worried about rising costs for labour as well as food and drink. Hopes for a summer boost were not met, the DEHOGA industry association said on Tuesday, citing the results of its poll of almost 4,000 businesses. For the months of August and September, 32% of them rated their booking and reservation situation as poor to very poor, versus 23.8% who found it good or very good. "Costs are skyrocketing, guests are more price-sensitive, and sales are declining. The current pressures are pushing many businesses to their limits," DEHOGA President Guido Zoellick said in a statement. Two fifths of hospitality businesses such as hotels and restaurants fear losses in 2025, the survey found. However, some 76% of businesses expect their financial situation to stabilise if the sales tax is reduced by the German government from a current 19% to 7%, as promised by the coalition from early next year.
Economy
Related Posts
Economy
Wall Street bank earnings in five charts as volatile markets take center stage
Thursday 16th April 2026
Economy
Wall Street bonuses surge 9% to record $49.2 billion in 2025, NY comptroller says
Thursday 26th March 2026Commnets
