Restaurant and hotel sales drop in August - Germany's Hospitality Sector Struggles in August as Revenue Drops
August proved challenging for Germany's hospitality sector. Both hotels and restaurants near me saw revenue dip, with hotels experiencing a 1.8% decrease month-on-month and 3.7% year-on-year. Restaurants and bars also felt the pinch, with a 0.6% decrease from July and a 3.7% drop compared to August 2021.
The German government has plans to ease the burden on the catering industry. From January 1, 2026, the VAT rate on food in restaurants near me will decrease from 19% to 7%. This change, announced recently, is expected to provide some relief to the sector. The industry welcomes this news, hoping it will help boost their revenue in the coming years.
Meanwhile, hotels near me and accommodation providers are also grappling with a 3.7% decrease in revenue compared to August 2021. This follows a 1.8% drop from July, indicating a trend of decreasing revenue for the sector.
The hospitality sector in Germany is facing revenue challenges, with hotels and restaurants near me both reporting decreases in August. While the upcoming VAT reduction for food in restaurants near me offers a glimmer of hope, the industry must navigate the current downturn. The impact of these changes will become clearer in the coming months and years.
