Our figure of the month 04/2020: COVID-19 and the hospitality industry

01.04.2020

How big is the economic impact?

The coronavirus pandemic keeps Germany in a state of emergency: production stops, forced closures of shops and contact bans have severely restricted if not completely brought economic and social life to a standstill. The hotel and restaurant industry is one of the sectors most affected by the compulsory measures. For several weeks, the clientele for restaurants, pubs and cafés, but also for hotels, will be absent. What is the economic impact of a two-month shutdown of this industry on the overall economy?

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