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Turnover in German hotel and restaurant industry down by 8.9 percent

In February 2009 the German hotel and restaurant industry suffered major drops in turnover as compared to February last year. According to the Federal Statistical Office, businesses in the hotel and restaurant industry generated -6.6% (nominally) and -8.9% turnover. As compared to January 2009 turnover increased by 0.8 % after adjustments for calendar and season.

In the hotel industry turnover was down by 8.2% (nominally) and 10.9% (really) and in the restaurant industry turnover dropped by 5.6% and 7.6% respectively. Caterers generated -5.4% and -7.6% respectively.

In the two-months period from January to February 2009 the German hotel and restaurant industry generated 5.1% (nominally) and 7.3% (really) less turnover than in the respective period last year. GERMAN