Annual turnover of German hotels is 16.59 bn Euros
Hamburg/Germany - December 20, 2009, The totaled 38,890 companies of the
German hotel industry stand for an annual turnover of 16.59 bn Euros in 2008
(+0.5% to 2007), The planned VAT reduce from 19% to 7% for overnight stays
amounts a tax cutting of approximately 1 bn Euros. F&B services will be
charged by 19% VAT furthermore. In German hotels, the annual turnover with
food and beverages is 6.11 bn Euro in 2008 (-0,05% to 2007). The turnover of
restaurant and bars (47.28 bn Euros) will be charged with the full VAT (19%)
furthermore, too.
(Source: CHD Expert Germany - Destatis)
More facts about the Away-from-Home markets:
October 2009: 42% of the German restaurants and hotels with specials offers
for guest groups
September 2009: Over 50% of wine offers in Germany are from own territories
August 2009: Number of German hotels increase by 2.6%
July 2009: German catering market leading in Europe with 14.67 bn
Euro annual turnover
June 2009: Europe Hospitality Ranking - Germany ranked first with 44,812
lodging companies
May 2009: 35 new leading hotel projects in Romania, Bulgaria and Turkey
April 2009: Italian Hotels leading in Europe with 8.0 bn Euro turnover of
food & beverages
March 2009: 26 bn Euro turnover of restaurants in Germany, Austria and
Switzerland
February 2009: 11.5 bn Euro volume of business catering in Germany, France
and UK
January 2009: 1,588 bn Euro Away-from-home turnover worldwide
Read more: http://www.chd-expert.de/en/facts__figures.php
About CHD Expert Group: For over ten years the CHD Expert Group (CHD)
supports the industry in collecting, managing and analyzing business data in
the Away-from-Home market. Now CHD Expert Group is recognized as the
market’s global leader and hold four million records across Europe and North
America. The Away-from-Home market is enjoying phenomenal growth worldwide.
More information: http://www.chd-expert.de/en
For further questions please contact:
Rolf W. Schmidt
CHD Expert (Deutschland) GmbH, Veerser Weg 2b, 27383 Scheessel (near
Hamburg, Germany)
Tel. ++49 4263 301 300, Fax ++49 (4263) 301 333