Turnover in the hotel and restaurant industry down by 5.7% in September

According to the Federal Statistical Office, in September 2007 turnover in the German hotel and restaurant industry was 3.0% and 5.7% lower in nominal and real terms respectively as compared to September last year. Compared to August 2007 turnover fell by 1.8% and 2.0% in nominal and real terms respectively.

Turnovers fell in all three relevant categories of the hotel and restaurant industry in September 2007 as compared to September 2006: in the hotel business by -1.1% and -3.9% respectively, by -2.9% and -5.6% with regard to caterers and canteens and by -4.5% and -7.3% as far as the restaurant industry is concerned.

Considering the period from January to September 2007, the hotel and restaurant industry generated 0.3% (in nominal terms) and 2.8% (in real terms) less turnover than in the same period last year. GERMAN