Improved Performance in the Hotel Sector Over the Past Year
Hospitality Industry in North Rhine-Westphalia Sees Mixed Results in August 2021
The COVID-19 pandemic continues to impact the hospitality sector in North Rhine-Westphalia, with recent data indicating a mixed picture of recovery and ongoing challenges.
According to the latest reports, turnover in the hospitality industry was 8.3% higher in August 2021 compared to the previous year, but this figure is still 20.2% lower than in August 2019. This trend is reflected in various sectors of the industry, with accommodation seeing a turnover increase of 19.9% compared to August 2020, but a decrease of 25.3% compared to the same month in 2019. Gastronomy companies also recorded a turnover increase of 3.7% compared to August 2020, but a decrease of 18.4% compared to August 2019. Camping sites experienced a decrease of 11.7% compared to the previous year and a decrease of 19.4% compared to August 2019.
Employment figures in the hospitality industry also show a decline, with the number of employees being 1.4% lower in August 2021 than in the same month in 2020. However, it's important to note that these figures are subject to change as the industry continues to adapt to the ongoing pandemic.
For those interested in staying updated on social developments, culinary arts, art, and culture in Neuss, the North Rhine-Westphalian hospitality industry newsletter provides in-depth information. Subscribing to the newsletter is free and requires confirmation of subscription in the inbox or spam folder. The newsletter promises not to send spam and provides more information about its privacy policy.
It's worth noting that the current corona crisis has led to changes in the parameters of the reporting, and precise data on turnover and employment trends in North Rhine-Westphalian hospitality between August 2019 and August 2021 may be found in regional economic reports, government labor statistics, or industry associations' publications.
For the first eight months of 2021, the North Rhine-Westphalian hospitality industry recorded a real turnover decrease of 23.4% compared to the corresponding period of the previous year. Nominally, turnover decreased by 20.9%. Compared to the previous month (July 2021), turnover in the North Rhine-Westphalian hospitality industry increased by 6.7%.
As the pandemic continues to evolve, the hospitality industry in North Rhine-Westphalia will likely continue to face challenges and opportunities. Staying informed and supporting local businesses are crucial in helping the sector recover and thrive.
The ongoing COVID-19 pandemic has also affected other business sectors, such as finance and general business, as they struggle to adapt to the changing economic landscape caused by the pandemic.
The mixed results in the hospitality industry of North Rhine-Westphalia in August 2021 have raised concerns about the financial stability of businesses within the industry, leading some to seek support from financial institutions to survive.
