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The hospitality industry in Germany grew more slowly in 2023 than initially estimated last month, new figures released on Tuesday showed. Price-adjusted sales rose by only 1.1% in 2023 compared to the previous year, the Federal Statistical Office (Destatis) reported. Compared to the pre-pandemic year of 2019, sales were 11.3% lower. In an initial estimate for 2023 in mid-January, the authority had assumed price-adjusted sales growth of 2.6% year-on-year. In non-price-adjusted terms, hoteliers and restaurateurs had 8.5% higher revenues than in the previous year. The first estimate was 9.6%. Hot…

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