Turnover in hospitality in May 2004 down 2,0% in real terms in May 2003

Restaurants lose - canteens and caterers win

As reported by the Federal Statistical Office, turnover in the hospitality industry in Germany in May 2004 was 1,2% nominal and 2,0% lower in real terms than in May 2003. After calendar and seasonal adjustment of the data, the nominal figure compared to April 2004 was 1,0 % and in real terms 1,2% less sold.

In the first five months of 2004, companies in the hotel and catering industry turned over a nominal 0,9% and a real 1,6% less than in the same period of the previous year. This decline is solely due to the unfavorable sales development in the hospitality industry. In contrast, the accommodation industry (nominal + 2,0%, real + 1,3%) obviously benefited from the 2004% increase in tourist overnight stays between the beginning of the year and April 2,8.

In May 2004, the canteens and caterers, which also include the suppliers of the airlines, were above the sales figures for the same month of the previous year in nominal and real terms (nominal + 5,3%, real + 4,0%). In the accommodation industry, turnover was only nominally higher than in the same month of the previous year (nominal + 0,8%, real - 0,1%). In the catering trade, on the other hand, nominal and real sales were lower than in May 2003 (nominal - 3,4%, real - 4,3%).

Source: Wiesbaden [destatis]