Market Report: Germany
By Ruediger Knospe on September 2, 2013
Horwath HTL Germany has written the latest in the series of special market reports, with this edition focussing on the Tourism market in Germany.
‘Tourism is a large contributor to Germany’s economy. In 2012 the total expenditure by tourists totaled
EUR 278.3 billion. Even at a time of economic difficulty, Germany is becoming an increasingly popular destination for travellers from all over the world. Berlin, now the third European city in terms of annual overnights (after Paris and London), boasts 24.8 million room nights with other key cities in Germany showing positive development as well; foremost Munich and Hamburg recently experienced high occupancy increases in spite of new hotel supply.’