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Number of establishments of Budget hotels in Germany, 2020 - 2027

Industry: Hotels
Current: Other Industry Indicators

The Number of establishments of Budget hotels in Germany, attained a value of 1,493 in 2023
The indicator recorded a historical growth (CAGR) of 1.49% between 2020 to 2023, and is expected to grow by ...
GlobalData projects the indicator to grow ...

Number of establishments of Budget hotels in Germany, 2020 - 2027

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Hotels and motels in Germany

The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms. Industry value consists of the total revenue generated by (a) rent that a guest pays for an occupied room and (b) other revenues, including revenue from food and beverages, telecommunications, health and leisure operations, and car rentals. Industry volume consists of the number of establishments in a given country that provide paid lodging and full guest services.

Impact of COVID-19 on the hotels and motels in Germany

The German hotels and motels industry achieved good growth in 2019, before declining the following two years. The industry is expected to achieve very strong growth until 2023, with moderate growth rates expected over the remainder of the forecast period. Germany has enjoyed a stable increase in international tourism over the past decade, which has facilitated the growth in demand for hotels. As well as causing revenue to decline in the industry, the pandemic has also contributed to the closure of many hotels and motels in the country. The industry is expected to recover over the coming years, driven by a rebound in tourism as travel restrictions around the globe are lifted. Revenue per available room is also expected to increase over the forecast period, which will further bolster growth. Industry growth will also be boosted by increasing demand from inbound tourism.