With a business turnover of 348.1 billion euros, Germany is overtaking Great Britain, France, Italy and Spain in the tourism industry in 2017. This puts Germany in first place in Europe and third in the tourism sector. According to a study by the World Travel and Tourism Council, the number of people working in the tourism sector in Germany is higher than in the automobile industry, the chemical manufacturing industry and the financial sector.
Investing in the hotel sector, especially in Germany, is an extremely safe and lucrative investment option. This is clearly shown by the current market and its statistic.
Germany has never been more popular with tourist as a travel destination that what it is currently. In terms of the number of accommodations, 2017, has again see record levels. According to data from the Federal Statistical Institute, the number of stays increased by 3 per cent compared to the previous year, reaching 459.6 million.
Thus, Germany has broken the record for the number of stays for the eighth consecutive year.
The number of arrivals from abroad has increased by 4 per cent to 83.9 million. This indicates that most German gastronomes and hoteliers have benefited greatly. Reliable service, high quality and extremely competitive price performance ratio lies at the basis of this positive and lasting development. Such an increase is expected for the coming year.
You can contact us to discuss your questions and concerns about such an investment here.