Business ROUNDUP: Drastic drop in sales in the hospitality sector...

ROUNDUP: Drastic drop in sales in the hospitality sector due to corona closures | 20.05.20

WIESBADEN (dpa-AFX) – The hospitality industry in Germany has seen a dramatic drop in sales due to the closings in the corona pandemic. Hoteliers and innkeepers’ revenues fell by almost half in March – compared to February 2020 and the same month last year. According to calculations by the Federal Statistical Office, all branches of the hotel and restaurant industry experienced the greatest drop in sales since the beginning of the time series in 1994. Compared to March 2019, according to the Wiesbaden authorities, revenue fell by 45.4 percent in real terms on Wednesday, compared to February In 2020, sales fell 44.6 percent after adjustment for prices.

In the fight against the spread of the virus, politicians had banned overnight stays of tourist guests in hotels and other accommodation facilities from 18 March. As of March 22, restaurants were closed with the exception of pick-up and delivery services. In the first quarter, sales slumped 15.8 percent on a year-on-year basis.

The restrictions have gradually been eased again since mid-May. Nationwide, distance rules still apply. In the restaurant, tables and chairs usually have to be 1.5 meters apart. There are upper limits for hotels in some federal states. Restaurants and hotels are not yet able to fully utilize their capacities. Hospitality and tourism are among the sectors most affected by the pandemic. The hotel and restaurant association Dehoga and tourism associations are calling for a rescue fund./mar/ben/DP/eas

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