Decrease in Revenue for NRW Hospitality Sector
The North Rhine-Westphalian hospitality industry is displaying signs of recovery and innovation post-pandemic, but detailed turnover comparisons for specific years, particularly 2019, 2020, and recent years, are not explicitly documented in the available data.
Despite the lack of year-on-year percentage comparisons, some key insights can be gleaned from recent trends. For instance, the hotel sector is witnessing expansion and innovation, with TIN INN, a hotel operator in North Rhine-Westphalia, planning to open a sixth hotel and adopting a subscription model for business customers. This digital and sustainable concept is projected to generate around a 16% annual revenue increase per location, indicating strong growth strategies in hotel occupancy and operational revenue [2].
However, no direct turnover comparison to 2019 or 2020 is provided in this context.
In terms of specific sectors, accommodation, catering, and beverage-oriented catering, and camping sites, turnover data for October 2021 shows mixed results. Accommodation saw a 33.5% decrease compared to October 2019, while camping sites experienced an increase of 4.9% compared to the previous year and a 14.7% increase compared to October 2019 [1]. Catering companies, on the other hand, reported a 16.9% higher turnover than the previous year, and beverage-oriented catering experienced a 31.5% increase in real turnover [3].
Comparing October 2021 to the same month of the previous year, the hospitality industry's turnover increased by 28.2%, adjusted for price developments. However, when compared to October 2019, the industry's turnover is still 22.7% lower [1].
The employment landscape in the hospitality industry also shows signs of recovery. The number of employees in the industry was 4.2% higher in October 2021 compared to October 2020 [5].
For the first ten months of 2021, the industry's turnover decreased nominally by 11.0% compared to the same period of the previous year. However, no specific comparison to 2019 is available [1].
In conclusion, while the North Rhine-Westphalian hospitality industry is showing signs of recovery, detailed turnover comparisons for specific years, particularly 2019, 2020, and recent years, are not explicitly documented in the available data. For precise turnover figures and detailed trend comparisons, it is recommended to consult dedicated hospitality industry reports from the German Federal Statistical Office (Destatis) or regional NRW economic bodies published after 2020.
References: [1] [source for turnover data in October 2021 and comparisons to the previous year and October 2019] [2] [source for TIN INN's expansion and subscription model] [3] [source for facility management and other service sectors' growth] [4] [source for inflation in NRW] [5] [source for employment data in October 2021 and comparisons to October 2020]
In the context of the North Rhine-Westphalian hospitality industry, the business sector, especially hotels, are demonstrating growth and innovative strategies, as depicted by TIN INN's expansion plan and shift to a subscription model for business customers. On the other hand, the finance aspect of the industry, particularly turnover comparisons for specific years, such as 2019, 2020, and recent years, remain lacking in the available data.
