The sharply increased prices for energy and food are increasingly noticeable in the hospitality industry. Sales in August, adjusted for price increases (real), were 5.4 percent lower than in the same month of 2019 before the Corona period, as the Federal Statistical Office announced on Tuesday. In nominal terms, i.e. including price increases, the industry recorded an increase of 9.2 percent.
The Wiesbaden authority explained that the price increases were reflected in the large difference. Compared to August 2021, sales increased by 16.9 percent in real terms and 26.2 percent in nominal terms.
Hotels and other accommodation companies recorded a real increase in sales of 1.2 percent in August this year compared to July. Compared to August 2021, sales increased by 11.8 percent and compared to the pre-crisis month of August 2019 by 1.8 percent.
In gastronomy, real sales in August were 0.2 percent lower than in the previous month. Compared to the same month last year, revenues increased by 19.3 percent, but were still 6.6 percent below the level of August 2019.
Overall, sales in the industry fell from July to August by 0.6 percent in real terms and by 0.2 percent in nominal terms after calendar and seasonal adjustments.
Hospitality sales August 2022
