Restaurants and Hotels - Survey: Hospitality crisis goes on
In the context of inflation, consumers have become more thrifty - this has also affected the hospitality industry in the first half of the year. Sales shrank by nearly eleven percent in the first six months, disregarding the general inflation rate (nominal), according to the Hotel- and Restaurant Association Dehoga based on a member survey. "Profits have dropped even more dramatically", it was stated. In fact, more than a fifth less was left for the businesses than in the previous year.
"The latest survey results illustrate the extremely tense situation in the hospitality industry," said Dehoga President Guido Zoëllick. Excessively high losses were reportedly incurred by cafes and restaurants, as well as clubs and discotheques.
Moreover, many of the surveyed businesses are pessimistic about the upcoming months. Nearly every third Dehoga member assessed the prospects for the third quarter as "poor", according to Dehoga, while an additional nine percent rated them as "very poor". However, more than half of the companies are more optimistic. Nearly 37 percent evaluated their economic prospects as "satisfying", more than every fifth business even as "good" or "very good".
The expiration of the VAT exemption for restaurant meals at the beginning of the year worsened the situation as expected, Dehoga added. Almost 90 percent of the businesses reported being forced to raise their prices. "Despite great efforts, it is becoming increasingly difficult for our businesses to operate economically," Zoëllick emphasized.
The survey was conducted by the Verband between the 2nd and 10th of July among its members. Over 2700 businesses participated in it nationwide.
- The Hospitality industry in Berlin, like many others, has been significantly impacted by the current crisis, as reflected in the Survey conducted by the Hotel and Restaurant Association DEHOGA.
- The Survey revealed that the inflated prices caused by inflation have led to a decrease in sales in the hospitality industry, with a nearly 11% shrinkage observed in the first half of the year.
- The President of DEHOGA, Guido Zoëllick, stated that the Survey results reveal an extremely tense situation in the hospitality industry, with many businesses reporting excessive losses.
- The Survey showed that a majority of the Dehoga members are pessimistic about the future, with nearly every third assessing the prospects for the third quarter as "poor" or "very poor".
- In response to the VAT exemption expiration for restaurant meals at the start of the year, as many as 90% of the businesses surveyed had to raise their prices, making it increasingly challenging for the hospitality industry to operate economically.
