Tag Archives: Economic crisis

Economic crisis and tourism in Germany

How is the global economic crisis affecting German tourism? Or tourism in Europe in general? With beginning of July the French gouvernment introduced a new law which has a tourist-dimension: VAT-tax for restaurants has been decreased substantially.  From the norm of 19,6 percent to now only 5,5 percent.

There is no such measure in Germany on the agenda at the moment, but the struggeling hotel- and restaurant-business is trying to attract foreign visitors attractive travel-packages which offer more value.

Another trend is that more and more German tourists spend their holiday inside their own country. So in fact the traditional tourist destinations such as Italy and Spain and also Greece are learning a bitter lessons in theses times, teaching them how addicted their economies are from a constant inflow of foreign tourists, i.e. visitors from mostly Germany, the UK, the Netherlands and Scandinavia.