Turnover in hospitality in April 2004 real 0,4% below April 2003

The negative trend has continued since the introduction of the euro

In April 2004, turnover in the hospitality industry in Germany was nominally 0,3% higher and in real terms 0,4% lower than in April 2003. While the accommodation providers gained, the restaurants continued their descent. After calendar and seasonal adjustment of the data compared to March 2004, nominally 0,4% more and real 0,3% less
discontinued.

In the first four months of 2004, companies in the hotel and catering industry turned over 1,0% less in nominal terms and 1,6% in real terms than in the same period of the previous year, and have therefore lost a lot of sales since the introduction of the euro.

In April 2004, the accommodation industry (nominal + 3,7%, real + 3,3%) and the canteens and caterers, which also include the suppliers of the airlines (nominal + 3,4% , real + 2,2%). In the catering trade, on the other hand, nominal and real sales were lower than in April 2003 (nominal - 2,4%, real - 3,2%).

Source: Wiesbaden [destatis]