Germany’s Travel Sector to Rebound Strongly this Year, WTTC Says

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals Germany’s Travel & Tourism sector is recovering at pace to recover to within 95% of pre-pandemic levels.

The sector is set to contribute €355 billion to the national economy this year, getting to within 95% of the 2019 highpoint, and representing 9.3% of the economy. WTTC is also forecasting that the sector will create more than 168,000 jobs this year, recovering most of the jobs lost due to the COVID 19 pandemic to reach 5.6 million.

Last year, the Travel & Tourism sector’s GDP contribution grew by 43.4% to reach more than €338 billion, representing 8.8% of the economy, edging closer to the 2019 high of €374 billion.

Last year the sector also created 550,000 more jobs from the previous year to reach 5.4 million jobs nationally – one in eight jobs across Germany. The sector has now recovered over 50% of the 1MN jobs lost during the pandemic.

Last year also saw the return of international travelers heading to Germany with spending from overseas visitors growing 61% to reach almost €31 billion. Domestic visitor spend is within touching distance of the pre-pandemic level of €307.8 billion and is currently €304.4 billion, a year-on-year increase of 49%.