Significant minus for the hospitality industry in November

Status: 01/18/2022 10:20 a.m

In 2021, the hospitality industry was unable to recover from the corona-related slump of the previous year. The increase in the number of infections at the end of the year in particular slowed down the recovery.

Despite a temporary increase in sales, hotels and restaurants did not recover from the 2020 corona-related slump in the past year. In the hospitality industry, companies made as much price-adjusted sales in 2021 as in the previous year, 2020, which was shaped by the corona pandemic. This is the result of a current estimate by the Federal Statistical Office.

The reason for the persistently low sales are the restrictions in connection with the Corona crisis. The temporary federal emergency brake with its far-reaching protective measures in the fight against the pandemic led to considerable losses in the industry. At Easter, there was a ban on accommodation for tourist purposes.

Viewed over the year, the hospitality industry has been able to significantly increase its sales since the relaxation of the corona measures in May 2021 “after the enormous sales declines in spring”. However, the end of the year in particular, with the all-important Christmas business, was again bad for companies, albeit better than in the pandemic year 2020.

The current situation is life-threatening

“This means that the years 2020 and 2021 were the weakest in terms of sales since the time series began in 1994,” said the Federal Office. Compared to the pre-crisis year of 2019, the hospitality industry turned over a good 40 percent less in 2021. The information is based on the sales figures for the months of January to November and an estimate for the month of December, which according to the Federal Office “assumes a drop in sales due to the introduction of 2G rules”.

Due to the spread of the highly contagious omicron variant, only vaccinated and recovered people are currently allowed in restaurants, and a test is often also required. As a result, sales in the hospitality industry fell by more than twelve percent in November compared to the previous month. “The decline in sales is likely to be due to the increasing incidence figures since the end of October and a tightened corona regulation at the end of November,” according to the statistical office.

This is life-threatening for many companies. According to a survey by the Munich Ifo Institute, more than half feel their existence threatened: 52.5 percent of restaurants and bars said this in December (June: 55.4 percent). In accommodation it was 58.8 percent, after 52.1 percent in June.

Reference-www.tagesschau.de

Leave a Comment