Turnover in the hospitality industry continued to decline in August
August 2004 real 4,2% below August 2003
Turnover in the hospitality industry in Germany in August 2004 was 3,3% nominal and 4,2% real lower than in August 2003. After calendar and seasonal adjustment of the data compared to July 2004 was 1,4% nominal and 1,6% real % less sold.In the first eight months of 2004, companies in the hotel and catering industry turned over 1,6% less in nominal terms and 2,4% in real terms than in the same period of the previous year. This decline is solely due to the unfavorable sales development in the hospitality industry (nominal – 4,0%, real – 4,7%). On the other hand, the accommodation industry (nominal +1,0%, real +0,3%) obviously benefited from the 2004% increase in tourist overnight stays from January to July 0,9.