Short-term rentals experienced a major setback due to the pandemic, greater than its competition. The way in which these businesses are structured and managed made them even less reliable than hotels, for example, with the crisis hitting them heavily, even considering the all-time low for the industry in general.
Luxury hotels has been seeing stronger than average growth, gradually recovering after the negative impact of the pandemic on tourism. It has benefited from the desire for travel and leisure that built amongst consumers for more than two years.
Good prospects for the hospitality industry are helping hotel building resume very quickly, and plans for several new hotels, especially upscale and luxury hotels, are expected to proceed in the short term in Germany’s main cities. After being mostly put on hold until better times for the industry came, these projects will see an increase immediately and for the five-year forecast period.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Germany with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Germany, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is an aggregation of Luxury Hotels and Luxury Foodservice.See All of Our Definitions
This report originates from Passport, our Experiential Luxury research and analysis database.
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