The typical sale: “asset deal”

The difference: In an asset deal in the real estate context, specific assets such as land and buildings are sold individually, whereas in a share deal the shares in the company that owns the real estate are transferred.

Simply put:

• Asset deal = property is sold
• Share deal = Immobilien GmbH is sold

A share deal means that the buyer does not acquire the property itself, but the – in this case – Immobilien GmbH. Here is a short infographic. Then back to the direct sale of the apartment building, after which I will explain more about holding companies and taxes on the sale.

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Typically, as a private individual, you usually sell the apartment building directly. These are relevant for you:

1. Speculation tax
2. Three-object rule

Taxes on sale

A very quick look at taxes when selling an apartment building in Berlin:

1. Speculation tax: sell tax-free
2. 3 objects rule in Berlin
3. Asset & share deals: only 1.54% tax

Speculation tax: sell tax-free

The speculation period explained more quickly:

• Owner-occupied = 3 years
• Rented = 10 years

If you sell within the speculation period, you must – simply put – pay tax on the profits as normal, just like income from work, regardless of whether you are employed or self-employed. After the period has expired, the sale is tax-free. If you want to do a quick calculation, use my free speculation period calculator.

Tax calculation: Example

If you sell within the speculation period, you must – simply put – pay tax on the profits as normal, just like income from work, regardless of whether you are employed or self-employed. As a single person, this would typically mean a top tax rate of 42%.

Sale within the speculation period (< 10 years) as a private individual:

• Purchase 2024 = 2,100,000 euros
• Sale in 2033 = 4,100,000 euros
• Taxable profit = 2,000,000 euros
• At 42% (single person) = 840,000 euros

Sale within the speculation period (< 10 years) as a company:

• Purchase 2024 = 2,100,000 euros
• Sale in 2033 = 4,100,000 euros
• Taxable profit Berlin approx. 19.1 % (trade tax 4.1 %, corporation tax 15 %) = EUR 2,000,000
• At 19.1 % = 382,000 euros

Sale within the speculation period (> 10 years):

• Purchase 2024 = 2,100,000 euros
• Sale in 2034 = 4,100,000 euros
• Taxable profit = 2,000,000 euros
• Tax free

But you can’t buy 10 properties now, wait 3 years and take the profits from property appreciation, because:

3 objects rule in Berlin

There is also the 3-property rule. If you sell more than 3 properties in 5 years, it is commercial real estate trading.

When selling real estate, the “3-object rule” refers to the fact that private individuals in Germany can sell up to three properties within a five-year period tax-free. If a person sells more than three properties within this period, this is considered commercial real estate trading and is subject to income tax – even if they are not rented out but are owner-occupied.

After 10 years of holding, however, the sale is always tax-free.

Why does this rule exist?

Just like the speculation tax, the rule is intended to curb speculation on the real estate market and encourage the sale of real estate for residential purposes.

So how do the “big players” save on taxes?

Share deals: selling a company “instead of” real estate

One option for a tax-optimized sale is the share deal. In this case, however, the property must already have been purchased by a company (such as Immobilien GmbH) (not as an individual).

Only 1.54% tax on sale

A share deal is possible if you have the company in a holding structure. This means you only pay 1.54% tax due to the intercompany privilege(Section 8b KStG).

• Asset deal = property is sold
• Share deal = company is sold (with real estate ownership)

Let us now calculate our example again, starting with the direct sale of a property:

Sale of a property as a company (asset deal):

• Purchase 2024 = 2,100,000 euros
• Sale in 2028 = 4,100,000 euros
• Taxable profit Berlin approx. 19.1 % (trade tax 4.1 %, corporation tax 15 %) = EUR 2,000,000
• At 19.1 % = 382,000 euros

Sale of a real estate GmbH as a company (share deal):

• Purchase 2024 = 2,100,000 euros
• Sale in 2028 = 3,100,000 euros
• Taxable profit = 1,000,000 euros
• For GmbH 1.54 % = 1,540 euros

You can see how huge the difference is.

No real estate transfer tax on purchase

Let’s delve a little deeper into the subject of real estate and tax optimization!

Again, simply put:

• Sale of Immobilien GmbH below 89% = no real estate transfer tax

Why is this the case? In Germany, the sale of shares in a GmbH that owns real estate is not normally subject to real estate transfer tax as long as the shares are below a certain percentage(§ 5 GrEStG).

What are the advantages? Real estate as a capital investment must bring a profit, usually calculated by the rental yield. The land transfer tax increases the purchase price by up to 6.5%, depending on the federal state. For 1 million euros, this is a cost of 65,000 euros. This directly increases the yield by a few percent.

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Real estate & tax coaching

Real estate & tax coaching from experts and investors. I am happy to bring you together with the best:

• Real estate coaching
• Real estate tax coaching
• Contact us

Here you can find more for:

• Real estate beginners

Our exclusive off-market offers in Frankfurt & the surrounding area

Currently available in Frankfurt am Main.

Frankfurt luxury villas (2)

Our real estate portfolio regularly includes exclusive offers worth 18 million euros that are not publicly available on the market. These villas are suitable for both private use and rental purposes. We also offer the option of dividing them into individual units and selling them.

Do you have contacts who are looking for luxury villas in Frankfurt am Main?

Investment properties (5+)

We currently have 2 impressive luxury villas in the Frankfurt area in our portfolio. But that’s not all – we also present projects with a mixed-use approach. These represent prime investment opportunities and offer the chance to invest in residential and commercial real estate in Frankfurt am Main with a value of 4-20 million euros.

Our real estate experts have an extensive network and in-depth knowledge of the Frankfurt real estate market. This enables us to constantly find new offers that perfectly match our clients’ needs.

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Benefit from our tipster program

What exactly is a tipster? A tipster is not a real estate agent, but a person who establishes contact between potential buyers and real estate sellers. If you give us a tip and this tip leads to a successful purchase, we will reward you with a generous commission.

Calculation of the 10% tipster commission

Suppose the purchase price for a property is 5 million euros and the commission is 2% of this purchase price:

Purchase price: € 5,000,000 Commission (2%): € 5,000,000 * 0.02 = € 100,000

The commission therefore amounts to 100,000 euros.

Now you want to calculate how much the tipster receives from this commission. You have indicated that the tipster will receive 10% of the commission:

Tipster commission (10%): 100,000 € * 0.10 = 10,000 €

The tipster commission is therefore 10,000 euros.

To summarize:

• Purchase price: € 5,000,000
• Commission: € 100,000
• Tipster commission: €10,000

Win-win situation for seller, buyer and you

Our tipster program is a win-win situation. You help potential buyers find their dream property in Frankfurt am Main and earn an attractive commission at the same time.

If you would like more information about our referral program or have contacts who may be interested in our exclusive properties, please do not hesitate to contact us. We look forward to working with you and realizing successful real estate transactions in Frankfurt am Main.

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Apartment for sale in Wiesbaden

Wiesbaden offers a beautiful city center, a beautiful spa park with casino, the Nerobergbahn and the very famous Russian Orthodox Church from the Tsarist era. Quite famous, not least because of its organ, is the classicist Marktkirche. Across the Rhine are Mainz and Germany’s largest wine-growing region, Rheinhessen. I think it takes more than a lifetime to have discovered this region completely. The recreational value is indeed very high, even though there are no Alps or the Mediterranean here.

Don’t waste time, get started right away! Learn all the steps here.

• Property
• Condominium
• Apartment house
• Plot
• Portfolio

Here is the map of Wiesbaden:

Very good location near Frankfurt, Darmstadt & Mainz

Upscale Wiesbaden is located on the banks of the Rhine in the middle of Hesse. The state capital is located opposite and borders Hofheim am Taunus, Niedernhausen, Eppstein, Hochheim am Main and Taunusstein.

Here is the mesolage of Wiesbaden:

Guide: Preparation, procedure & real estate valuation

You want to sell your house or apartment in chic Wiesbaden? From the luxurious villa in Sonnenberg to the romantic loft in the city center to the historic half-timbered house in the suburbs of Auringen and Naurod, with our guide you are well prepared for your real estate sale.

Selling real estate in Wiesbaden: Checklist

Whether you sell privately or with a broker, the process of selling real estate is always the same. Here, good preparation is literally half the battle. Do not underestimate the costs for the broker and the procurement of documents. This can also take some time. It is therefore advisable to plan enough time in advance. The viewings also need to be well prepared, as do the questions from prospective buyers.

Important: Plan for time and costs!

Here is a brief overview:

• Broker contact
• Complete documentation and real estate exposé
• Marketing of the property
• Interested parties contact
• Credit assessment (new contacts) for high-value properties
• Viewing dates
• Sales processing
• Incidental purchase costs and taxes
• Handover

Valuing real estate: Determining the purchase price

Whether it’s a single-family home in Biebrich or an apartment in Mitte, we always recommend having the value of your property professionally determined. After all, the property valuation is crucial for determining the purchase price.

Here are some of the most important criteria that affect the value and therefore the selling price of your property:

• Location
• Infrastructure / Surroundings
• Size
• Equipment
• State of development
• Renovations / need for renovation

Important documents: energy certificate, exposé & Co.

The most important thing is the documents. Putting these together and obtaining them can take some time.

You should be sure to prepare these documents:

1. Documents relating to the property (construction plans, site plan, etc.)
2. Current extract from the land register
3. Area plot / residential
4. Service charge overview
5. List of the last renovation and modernization measures
6. Insurance documents (fire insurance)
7. Energy certificate
8. Real estate valuation
9. Exposé incl. good photos

Wiesbaden: Real estate in the Hessian capital

Buy, rent and sell real estate in Wiesbaden – The “Nice of the North” is popular with investors and entrepreneurs, as well as families, students and young professionals. Here you will find the big overview, on the subject of buying, selling, renting, capital investment and everything else you need to know about the Wiesbaden real estate market.

• Property
• Condominium
• Partial sale
• Apartment house
• Plot
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Buy a house? Risk: 100% ownership = cost

House – The own house, the home, for many the big goal when it comes to buying real estate. Whether it is for your own use or as an investment, you are the sole owner and thus also responsible for all investment costs when you buy a house.

No cost sharing, no apportionment to tenants

It is even more extreme with owner occupancy, because here you can not allocate costs to tenants. That owner-occupancy is the most expensive form of living, you have already learned in the article first buy property. After all, you are responsible for all costs, even later in retirement!

Operating costs and maintenance costs are always on you, even if the house has long been paid off. With a house, it quickly becomes expensive because, unlike an apartment where you are part of a community of owners, you bear 100% of the investment costs incurred.

Tip. Read the full comparison between house, apartment building, commercial and condominium, on my new project for real estate buyers (Immobilien-Erfahrung.de) here:

• Types of real estate, buy a house or an apartment? – external

Perpetual investment costs – example: Heating system

You have just paid off your house and a year later you have to buy a new heating system. Let’s say this heating system costs 10,000, so your share is a full 10,000 (as 100% owner).

If you had a condo, in an apartment building, say with 10 units (apartments), of which you own one unit, you would only have to pay 1,000, or 10%.

Let’s say a year later there is major damage to the roof. Damage that has gradually developed and occurred over time. Another 10,000 in repair costs. As a homeowner, it all falls back on you again. If you were a condo owner, so again part of a homeowners association (apartment building with 10 units), only 1,000.

Rent-free in old age? An old house…

No tax breaks for landlords, no subsidies for creating housing, no apportionment to your tenants.

That as a simplified example.

Without further maintenance and management costs, you would have to pay 20,000 as an owner. So much for “rent-free in old age” as an owner-occupier.

No matter whether owner-occupancy or capital investment, for real estate beginners the condominium is profitable in many ways and rather than a house.

Buying multifamily housing: More risk and sources of danger

Multi-Family – With a multi-family home, you have the disadvantages of being a homeowner first, plus significantly higher investment costs when you buy a multi-family home.

More floor space, more living space, more tenants, more frontage, more risks.

Accordingly, you need to have more equity available to pay the purchase price, but also to pay for the overall, ongoing operations of the apartment building. And remember, there are 2 big risks for landlords: Back rent and vacancy. With more tenants, the risk potentiates, especially in C-location and B-minus locations.

For an apartment building as an investment, if we talk about real estate entry, you also need more knowledge and experience. Purchase price negotiations, the subsequent rental and said vacancy of individual units. You have to cope with that, from the know-how (new tenants with creditworthiness) and in financial terms (continuing loan payments).

Buy commercial property

Commercial – Commercial has several disadvantages, for real estate beginners, for one, the legal requirements are different, the requirements for the property but also the legal framework, such as leases. In addition, there is a higher risk of vacancy, with commercial tenants, due to higher turnover than with residential properties. You need to consider all of this when you buy a commercial property.

Either way, headquarters, multi-family, commercial, the easiest way to get started in real estate is condos!

Buying a condo:

Condo – If you happen to have already read through our guide on buying your first property, then you already know that condos are the easiest way to get started in real estate.

The “easiest” way to become a real estate investor.

Here is a brief summary once again:

As a rule, you need less equity capital, on the one hand for the purchase but also for the subsequent operation of the property.

You are part of a community of owners and accordingly the investment costs are shared between the parties.

Renting a condominium is manageable, unlike apartment buildings. Houses additionally have a very specific target group, mostly families. At the same time, demographics are trending more towards single households.

Accordingly, our tip, buy 1-2 room apartments!

Buying a house: House types at a glance

Especially when buying a property, there are many factors to consider and choosing the right type of house is essential, for returns (rental) and appreciation (investment). Learn more about buying a house and the different house types here.

• Buy a house

House types in a list:

• Farm
• Bungalow
• Semi-detached house
• Single-family house
• Half-timbered house
• Holiday home
• Prefabricated house
• Wooden house
• Country house
• Massive house
• Apartment house
• Terraced house
• Beach house
• Villa
• Low-energy house
• Zero Energy House & Passive House

Buy an apartment: Types of apartments at a glance

The real estate market is almost endless, and the division of apartments is no exception. There are numerous types of apartments, all of which are differentiated from one another by a wide variety of factors. Read more about the topic here:

• Buy apartment

Here you will find an overview of the types of apartments:

• Old apartment
• Apartment
• Attic apartment
• Granny flat
• Apartment
• Loft
• Maisonette apartment
• Penthouse
• Basement apartment
• Terrace apartment

Even more facts about houses, apartment buildings and flats can now be found on my new project for real estate buyers (Immobilien-Erfahrung.de): Types of real estate, buy a house or flat?

Selling your first property: Hotel sale

You have never had anything to do with the sale of a property? Then I want to give you a few general tips on the process of selling real estate.

On many Internet sites and in online portals, you are mainly pointed to the typical procedures, such as the question, sell with or without a broker? Hotel owners should not ask this question at all, after all, it is about more than “just” a condominium.

Operators of hotels have a special property, with special dedication, many are already a custom-made, with a view to cutting (and dedication). Accordingly, for this type of property you need special buyers.

So selling a hotel is not just about having the right documents and paperwork, it’s also about having the right, ideally exclusive, marketing strategy.

As you can read in the article Selling Property, selling property is about 3 phases. First comes 1) the preparation, then 2) the marketing and 3) the selling process.

Preparation at a glance

The first step is always about the right strategy. The first step determines the entire sales process. Within the strategy, you determine the timing of the sale, you collect the necessary documents for the evaluation of the property and the economic forecast for the future of your hotel. From this, the offer price is then determined.

For the increase in value of the property, it is also worth thinking about beauty corrections and renovations. These are the first, important steps in the preparation.

More on that later.

Sales phase: Discreet or on portals

After that, it goes into the sales phase. In the sales phase, individual contacts are approached in a targeted manner. At least for exclusive sales in the off market area. The wealthier the parties involved, the more valuable time is. Time is the one commodity you can’t produce. Money is not an issue for these types of buyers. Proof of financing, non-disclosure agreements, everything is immediately available.

Accordingly, these investors only want to be presented with offers that no one else has access to. If you waste a month as an investor with a volume of over ten million euros, you will be extremely frustrated.

Just the reputation plays a big role in this circles. From therefore also our recommendation, if you are already at this point in the article:

Don’t burn your property on online portals. You may get hundreds of inquiries here, but who really has the credit rating? Who should write to all of them, check credit ratings, talk, meet them, negotiate? Rather off market, targeted to 1, 2 investors.

Finally, it continues now with the entire, first communication. Sifting through enquiries, checking the creditworthiness of interested parties, further information, telephone calls, right up to the viewing appointment and, of course, the negotiations.

How many stakeholders do you want to go through this process with?

Time is money.

Sales transaction: purchase contract, notary and taxes

The last step is then the sales process. Here it is mainly about the purchase contract, the notary appointment and the handover of the hotel.

That’s roughly it, the entire process in selling a hotel. If you want even more information about selling your first property, read more here:

• Sell property

You can find everything on the subject of taxes here:

• Selling real estate: taxes

Here we have summarized the process, in its three phases, once again for you:

• Preparation: Prepare hotel and sale
1. Timing
2. Broker appointment
3. Documents
4. Prepare hotel
5. Offer price
6. Exposé
• Sales phase: marketing the hotel and finding buyers
1. Marketing strategy
2. Take inquiries
3. Contact with interested parties
4. Credit check
5. Viewing dates
6. Sales pitch
• Sales transaction: Purchase contract until handover
1. Contract of sale
2. Notary appointment
3. Land register entry and purchase price
4. Handover
5. Invoices for notary and broker
6. Pay tax

Work both real estate sales with professionals, then you don’t need to watch out for real estate sales mistakes.

Always a good place, hotels in Berlin.

Timing and time pressure in sales

Too much stress, the high age, or even the lack of succession. Various factors sometimes influence the time in which the hotel is to be sold / must be sold! So do not wait too long if you can estimate certain factors (pressure through finances, pressure through age or desire from the end of the business).

The reasons for the sale can be different:

• Too much stress at work
• High age
• Lack of succession
• Credit Print

Before your planned hotel sale becomes a distress sale, you should think about the optimal time in good time. The ideal case is: You have no time pressure. If you do, you need to prepare yourself all the better for the sale.

Do not sell “too late” when the sale is foreseeable, otherwise there will be time pressure

However, due to countercyclical effects, you can also slip into a phase in which the demand for hotels, from the investor side, is lower.

Sources of error: Selling without experience

Poor or insufficient preparation can lead to legal errors, but also to tax errors. So do not wait for years and postpone the sale, if certain factors can be estimated.

However, mistakes can be made not only in the preparation phase, but also in the later sales phase when it comes to marketing the property.

Even inexperienced real estate agents go the wrong way and “burn” the property, e.g. by listing the hotel on all real estate portals. Especially large investors quickly ask themselves the question:

What’s the catch if the property is on all real estate portals? A further check does not take place at all.

The tip here: Off market sale, directly to operators, investors, foreign investors and funds. Especially in the area of hotel real estate, discretion and anonymity for the seller side is often a very important issue in the process.

Anonymous and discreet: Direct to investors

We always pay attention to the highest discretion and anonymity in the sale of our customers. Hotels that fit our purchase profile are only communicated internally to known buyers. Even this communication takes place in several steps.

Investors are informed in a targeted, discreet manner

In the ideal case one creates with it already a 1:1 match. That means one seller, one buyer and no information about the sale and the object comes to the outside. Especially for families, in which it is also about the topic of real estate inheritance, just as important as for entrepreneurs who do not want others to know about the upcoming sale.

How much is my hotel worth?

When selling real estate, people usually assume that it’s all about the construction and the substance.

For investors and capital investors, however, it is always about the return = profits of the future.

The decisive factor in valuation, for hotel properties as well as for companies, is future income, i.e. revenues to be generated by cash flow.

Buying rental property is no different.

And again, as in general real estate sales:

Location, location, location!

The tried and tested comparative value method helps with the valuation. Simply explained: Are there any hotel or restaurant businesses in the vicinity that have been sold recently? If so, this information can be used to determine offer prices for your hotel and forecast sales prices.

It always gets expensive, for example, when it comes to Kitzbühel.

Source of error: Valuation from broker is too high

The later offer price of the hotel is important, because here it is decided whether interested parties bite or not – simply said. Price too high, area too small, no interest. There are 2 sources of error here:

1. Wrong asking price of the owners
2. Too high a valuation of the real estate agents

First to the wrong, too high asking price of owners, before the first broker appointment.

For a first, rough evaluation, many take a look at online real estate portals. There, however, you will find offer prices (!), not the final sales prices. Just because a hotel property is offered for 20 million, does not mean that the hotel will sell for 20 million. Keep this in mind when you check prices on online portals yourself in advance.

Another source of error lies in the selection of offers by the estate agents. More specifically, in rating the real estate agents too highly. They will say, “great, a great rating”. But again the reference to the customer:

Price too high, area too small, no interest.

If the valuation of the hotel is too high, no interested party will be found and this brings us back to the beginning, the pressure to sell! So if you ask for offers from several agents, do not automatically take the real estate agent with the highest rating. Make sure that critical aspects are also included in the evaluation. This will increase the success and speed of the sale!

Choose brokers who also take critical aspects into account instead of looking for the highest rating

Buyers will be just as critical and, in case of doubt, will bail out, possibly already at the first contact.

Time and offer price determine success

Selling a commercial property, however, also means addressing a special, relatively small group of buyers. The hotel requires investments for cosmetic corrections, small and large renovations, loans must be serviced, if the time of sale is not cleverly chosen, the offer price too high, the hotel will not be sold. This brings us back to the distress sale.

Advantages Off Market: Direct investors, discreet hotel sales

Therefore, our recommendation is, trade your hotel exclusively. This means one partner, no real estate portals, but real estate investors, capital investors, direct contacts from a network. The technical term for this type of real estate sale is, as previously learned, off market.

The advantage, through the exclusive sale, solid investors can be adressed. The sales process is much faster, sometimes it takes only weeks instead of years.

With the right partner at your side you will not only reach the regional market of investors, not only the national market, have you ever thought about the international investor market?

Many investors from abroad are very interested in real estate in this country. Everything on a grand scale, for real estate funds, families but also large hotel chains that want to gain a foothold in this country. That’s why we don’t just talk to investors from our own country, if the return is right, the property information discreetly reaches investors from all over the world. A big advantage for you as a seller, here the money sits a little looser than with domestic, checking and researching the investors if a goal is to be met.

Documents and records

When selling a hotel, far more documents and figures are necessary than when selling private real estate. The new owner needs business figures, facts about the lease agreement and the operation of the hotel.

All information on rooms, occupancy levels, seating and capacities are included in the decision and show the prospective customer whether your hotel is suitable for his intended use.

In order to convince an experienced hotelier or a prospective hotel operator, the documents must be complete and all figures must be verifiable.

Without a savvy realtor, selling a hotel becomes difficult and comes with some pitfalls that should not be underestimated.

Alternatively to the sale you can choose a lease. Which variant is the best solution for you as the owner, you can find out in a comparison of the two options and in a competence consultation from the real estate agent. Basic information in both cases includes informing you whether the hotel is currently vacant or whether you are seeking a change of ownership in the course of operations.

Sell hotel – Conclusion

If you want to buy a hotel, you need a strong partner, because the best properties already go away in advance. Through local acquaintances and networks, the most lucrative properties are usually bought before they even appear on the market and on real estate portals. As a rule, you will not find the absolute premium objects on a real estate exchange.

As a seller, you also benefit from these more exclusive deals. Because of course, a higher sales price can be achieved as long as the objects are still traded exclusively. Here, the one or other buyer with the purchase price for the hotel still goes up a little, so that the offer does not go further. From country hotels to boutique hotels, there are excellent conditions for hotel sales with brokers in the current development of domestic tourism.

If you want to sell a hotel, the professional approach from the beginning is of immense importance. Unlike with privately used properties, the comprehensive valuation and marketing strategy play a concise role. Which group of buyers should be adressed by your offer? Which conditions are relevant in the current lease and which reputation does the hotel have? All these aspects have an effect on the offer price and decide how great the interest of experienced hoteliers is in your property.

Statistics: Tourism boom

As already mentioned at the beginning of the guide, domestic tourism is booming and has been shining for over 10 years with ever new record figures. Accordingly, the number of overnight guests and the demand for hotels in the real estate market is increasing. From the chic, luxurious boutique hotel in the city centre to the hotel with connected gastronomy and event areas. In Germany, people are not only taking more holidays, they are also spending more on them. Thus, prices for overnight stays are rising and the hotel industry is becoming a lucrative business for more and more companies and entrepreneurs.

Ergo: The real estate market and tourism market are both on the upswing right now. If you sell now, you’ll get a good sale price – why wait for the next real estate bubble? We show you how to take the current profits. Trade your hotel property anti-cyclically.

You want more interesting facts and figures from all over Germany for real estate owners? Read more about real estate statistics here.

Here is the proof – tourism in Germany has been booming for years! With a new concept, old hotels can quickly appear in new splendour. You can find more interesting statistics on domestic tourism and the effects on the hotel industry under the diagram and the “Procedure hotel sale”.

Overnight stays by guests in Germany

Guest nights in German accommodation establishments from 1992 to 2018 (in millions).

Tourism Contribution to gross domestic product

Development of the direct and total contribution of the German tourism industry to the gross domestic product in the years from 2012 to 2028 (in billions of euros).

You can find more statistics at Statista

Tourism workers

Development of the direct and total contribution of the German tourism industry to employment in the years from 2012 to 2028 (in 1,000).

Number of hotels by hotel stars

Number of classified hotels in Germany by hotel stars (as of January 2019).

You can find more statistics at Statista