Turnover in the German catering industry fell by almost half due to the pandemic

By: Trademagazin editor Date: 2021. 03. 22. 10:34

Turnover in the German hospitality industry has nearly halved since the start of the coronavirus pandemic – according to a report released by the German federal statistical office, Destatis on Monday.

From March last year to January this year, the revenue of German catering companies has fallen by 47.1 percent with a price adjustment, compared to the same period of a year before.

The biggest decline occured at the time of the toughest closures, at 74.7 percent in April and 71.1 percent in December. During these months, the hospitality industry could only work to take away, and hotels could only receive business travelers. (MTI)