Trademagazin > News and articles > Market News > Wave of bankruptcies may occur in German tourism and hospitality
Wave of bankruptcies may occur in German tourism and hospitality
Since World War II, the biggest loss of revenue could occur and a wave of bankruptcies could begin in the German tourism and hospitality industry, according to data from the national interest group for the sector (Dehoga).
The organization explains that during the worst period of the pandemic in the sector, April, more than a million workers had to be converted to part-time work, and in March-August, revenue fell by almost 60 percent, compared to a year before. (MTI)
Related news
Cautious optimism in tourism: the economy improved in May, but the sector is still in the red
In May 2025, Hungarian tourism businesses reported a slight improvement…
Read more >Campari Rolls Out Animated LED Shelf Displays in Germany to Boost Sales
Italian spirits brand Campari is launching animated LED shelf displays…
Read more >Szallas.hu: Lake Balaton is the most popular destination at Pentecost
A regional summary of bookings for the Pentecost long weekend…
Read more >
More related news >
Related news
Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU)…
Read more >The Association of Conscious Shoppers sued Shein: they are manipulating customers with dark tricks
The Conscious Shoppers Association (TVE) has filed an official complaint…
Read more >Cautious optimism in tourism: the economy improved in May, but the sector is still in the red
In May 2025, Hungarian tourism businesses reported a slight improvement…
Read more >