Half-year analyses and regional reports on the gastronomy and hotel real estate market — free download, no registration required.
223.8 million overnight stays and yet declining real revenues. What the price gap means for operators, owners and buyers of hospitality and hotel properties.
AGI projection based on preliminary Destatis monthly data (Jan–May 2026): German gastronomy faces a real revenue decline of 6–7% in H1 2026 vs H1 2025 – the weakest half-year result since the 2020/21 lockdowns. Corporate insolvencies in Q2 2026 at highest level since 2005.
Official 2025 annual review: German gastronomy fell 2.2% in real terms — the third consecutive annual decline. The real gap to 2019 widens to approximately −18.7%. Around 2,900 gastronomy insolvencies — highest level since 2011. Meanwhile the hotel investment market rebounds with €1.66–1.9 billion in transaction volume at a stable prime yield of 5.25%.
In-depth analysis of cost drivers in German gastronomy: labour costs +34% since 2022, energy prices +28% over 3.5 years, insolvencies at record high in 2024. The sector is heading for its sixth consecutive loss-making year in 2025.
Factual report on the state of German gastronomy in H1 2025: revenues in real decline despite VAT reduction, pub closures −24% since 2019, labour shortages and energy costs continue to weigh on margins.
Comprehensive market analysis 2019–2024: The Black Forest set a historic record in 2024 with 23.32 million overnight stays – over 10% above pre-pandemic 2019 levels. Hotels account for 63.2% of all overnight stays.
Tourism analysis 2019–2024 for the Markgräflerland and Southern Baden: Bad Bellingen records 174,985 overnight stays and 32.3% occupancy. Baden-Württemberg reaches a new record of ~58.9 million overnight stays in 2024.
Overnight statistics 2024 for the Südliche Weinstraße district: 311,837 guests, 836,567 overnight stays, 7,279 beds, 31.5% occupancy. The Maikammer municipality exceeds the district average with 38.3% occupancy.
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