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Number of establishments of Luxury hotels in Germany, 2020 - 2027

Industry: Hotels
Current: Other Industry Indicators

The Number of establishments of Luxury hotels in Germany, attained a value of 221 in 2023
The indicator recorded a historical growth (CAGR) of 1.24% between 2020 to 2023, and is expected to grow by ...
GlobalData projects the indicator to grow ...

Number of establishments of Luxury hotels in Germany, 2020 - 2027

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Hotels and motels in Germany

The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. Industry value consists of the total revenue generated by (a) rent that a guest pays for an occupied room and (b) other revenues, including revenue from food and beverages, telecommunications, health and leisure operations, and car rentals. Industry volume consists of the number of establishments in a given country that provide paid lodging and full guest services.

Impact of COVID-19 on the hotels and motels in Germany

The German hotels and motels industry achieved good growth in 2019, before declining the following years. The industry is expected to achieve very strong growth until 2023, with moderate growth rates expected over the remainder of the forecast period. Germany has enjoyed a stable increase in international tourism over the past decade, which has facilitated the growth in demand for hotels.

Who are the leading players?

The leading player in the German hotels and motels industry is AccorHotels, with a number of branded hotels operating across all segments: budget, midscale, upscale, and luxury. Accor has many establishments in operation across the country. The company’s brands include ibis, Novotel, Mercure, Mantis, and Raffles. Accor has a global network of over many hotels.

Best Western Hotels and Resorts is a leading player in the German industry, with many establishments in operation across the country. The company operates a variety of brands ranging from budget to upscale, including SureStay, Vib, Glo, and Best Western Premier.

InterContinental Hotels Group (IHG) operates as a leading player in the German hotels and motels industry through a range of brands located in the midscale, upscale, and luxury segments. The company’s brands include Holiday Inn, Hualuxe, and InterContinental.