Hotel and hospitality revenue losses due to the coronavirus (COVID-19) Germany 2020

According to a survey conducted in Germany in March 2020, 45 percent of hotel and hospitality businesses have declared revenue losses between 10,000 to 50,000 euros. The coronavirus (COVID-19) outbreak of 2020 in Germany has hit the hotel and hospitality industries particularly hard. This is due to not only the present risk to personal health for employees, but also because current travel restrictions within Europe and in the U.S., to name just a few markets for these industries, are preventing businesses from generating revenue through travelers and consumers using their services. Domestic travel within Germany itself is also largely non-existent as long as government rules regarding movement in public spaces and contact between groups of more than two remain valid. The coronavirus pandemic is affecting businesses around the world.

Declared revenue losses of hotel and hospitality companies due to the coronavirus (COVID-19) in Germany in 2020

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Source

Release date

March 2020

Region

Germany

Survey time period

2020

Number of respondents

9,574 companies from the hotel and hospitality industries

Method of interview

Online survey

Supplementary notes

Data retrieved from an online survey of the Dehoga Federal association. According to the source, 25 percent of the companies surveyed usually generate an annual revenue of under 250,000 euros, 50 percent 500,000 euros.

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Statistics on "Coronavirus (COVID-19) in Germany"

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