The German hospitality industry remains in a precarious position as it continues to feel the aftereffects of the lockdowns. Despite a brief upturn in February, March data from the Federal Statistical Office paints a bleak picture: sales fell by 2.4 percent in real terms and 1.5 percent nominally compared to February.

Year-over-year figures show a nominal increase of 2.1 percent in March 2023, driven by higher prices. However, real revenues declined by 0.9 percent, indicating that the sector is still far from a full recovery. Compared to pre-pandemic levels, real revenues in March 2024 are 13.3 percent lower than in March 2019. These statistics highlight the ongoing challenges the industry faces in its recovery efforts.