Narrative Update • Jun 29
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German (DAX) Hospitality Industry Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies18
- 7D2.0%
- 3M57.3%
- 1Y26.8%
- YTD21.7%
In the last week, the Hospitality industry is up 2.0%, with Delivery Hero up 4.3%. Meanwhile, TUI actually underperformed within the industry, shrinking 7.2% in the last week. This means that the industry has gained 27% over the past year. As for the next few years, earnings are expected to grow by 70% per annum.
Industry Valuation and Performance
Has the German Hospitality Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | €17.6b | €39.1b | -€158,323,562.00 | 14.4x | -111x | 0.4x |
| Sat, 30 May 2026 | €17.5b | €39.2b | -€152,642,083.92 | 19.5x | -114.9x | 0.4x |
| Mon, 27 Apr 2026 | €11.9b | €39.0b | -€148,265,938.07 | 19.9x | -80.3x | 0.3x |
| Wed, 25 Mar 2026 | €10.8b | €38.4b | €77.9m | 21.6x | 139.1x | 0.3x |
| Fri, 20 Feb 2026 | €13.1b | €38.4b | €142.8m | 31.2x | 92x | 0.3x |
| Sun, 18 Jan 2026 | €15.1b | €38.4b | €101.0m | 28.7x | 149.4x | 0.4x |
| Tue, 16 Dec 2025 | €13.9b | €38.4b | €101.0m | 28.3x | 137.4x | 0.4x |
| Thu, 13 Nov 2025 | €12.2b | €38.4b | €119.2m | 29x | 102x | 0.3x |
| Sat, 11 Oct 2025 | €13.8b | €38.4b | €110.7m | 29.6x | 124.9x | 0.4x |
| Mon, 08 Sep 2025 | €14.2b | €38.4b | €110.0m | 26.9x | 128.9x | 0.4x |
| Wed, 06 Aug 2025 | €14.1b | €36.9b | -€336,260,955.00 | 20.7x | -42x | 0.4x |
| Fri, 04 Jul 2025 | €13.3b | €36.8b | -€337,626,536.00 | 24.4x | -39.4x | 0.4x |
| Sun, 01 Jun 2025 | €13.2b | €36.9b | -€310,193,127.00 | 7.5x | -42.6x | 0.4x |
| Tue, 29 Apr 2025 | €13.2b | €36.8b | -€277,589,503.00 | 11.7x | -47.6x | 0.4x |
| Thu, 27 Mar 2025 | €12.7b | €35.4b | -€1,636,164,850.00 | 11.7x | -7.8x | 0.4x |
| Sat, 22 Feb 2025 | €13.4b | €35.4b | -€1,647,469,451.00 | 13.5x | -8.1x | 0.4x |
| Mon, 20 Jan 2025 | €14.5b | €34.8b | -€1,684,669,451.00 | 14.4x | -8.6x | 0.4x |
| Wed, 18 Dec 2024 | €14.8b | €34.8b | -€1,684,154,313.00 | 15.2x | -8.8x | 0.4x |
| Fri, 15 Nov 2024 | €17.1b | €33.8b | -€1,651,305,313.00 | 14.4x | -10.3x | 0.5x |
| Sun, 13 Oct 2024 | €16.6b | €33.8b | -€1,654,716,313.00 | 14.6x | -10x | 0.5x |
| Tue, 10 Sep 2024 | €13.6b | €33.7b | -€1,700,613,805.00 | 16.3x | -8x | 0.4x |
| Thu, 08 Aug 2024 | €11.3b | €32.2b | -€1,794,144,030.00 | 27.5x | -6.3x | 0.4x |
| Sat, 06 Jul 2024 | €12.0b | €32.2b | -€1,793,367,536.00 | 24.9x | -6.7x | 0.4x |
| Mon, 03 Jun 2024 | €13.7b | €32.2b | -€1,793,084,874.00 | 13.5x | -7.6x | 0.4x |
| Wed, 01 May 2024 | €13.2b | €31.7b | -€1,887,108,781.00 | 22x | -7x | 0.4x |
| Fri, 29 Mar 2024 | €12.7b | €31.4b | -€1,907,408,781.00 | 21.7x | -6.7x | 0.4x |
| Sun, 25 Feb 2024 | €11.0b | €31.4b | -€1,921,547,826.00 | 32.5x | -5.7x | 0.4x |
| Tue, 23 Jan 2024 | €10.6b | €30.8b | -€2,055,047,826.00 | 38.6x | -5.2x | 0.3x |
| Thu, 21 Dec 2023 | €13.0b | €30.8b | -€2,055,047,826.00 | 38.8x | -6.3x | 0.4x |
| Sat, 18 Nov 2023 | €13.3b | €30.0b | -€2,157,160,297.00 | 44x | -6.2x | 0.4x |
| Mon, 16 Oct 2023 | €11.5b | €30.0b | -€2,164,706,297.00 | 12.2x | -5.3x | 0.4x |
| Wed, 13 Sep 2023 | €12.6b | €30.0b | -€2,163,369,297.00 | 14.2x | -5.8x | 0.4x |
| Fri, 11 Aug 2023 | €15.5b | €28.8b | -€2,827,357,794.00 | 17.3x | -5.5x | 0.5x |
| Sun, 09 Jul 2023 | €12.0b | €9.0b | -€3,028,122,373.00 | 32.3x | -4x | 1.3x |
Price to Earnings Ratio
-4x
Current Industry PE
- Investors are relatively neutral on the German Hospitality industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.42x.
Past Earnings Growth
- The earnings for companies in the Hospitality industry have improved over the last three years.
- Revenues for these companies have grown 63% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the German Consumer Discretionary industry?
| DE Market | 0.57% | |
| Consumer Discretionary | -2.31% | |
| Hospitality | 1.96% | |
| Restaurants | 4.35% | |
| Casinos and Gaming | -0.26% | |
| Leisure Facilities | -2.12% | |
| Hotels, Resorts and Cruise Lines | -2.35% | |
Industry PE
- Investors are most optimistic about the Leisure Facilities industry which is trading above its 3-year average PE ratio of 40.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 97% over the next 5 years.
- In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DHER Delivery Hero | €36.73 | 4.3% +€464.7m | 54.5% | PS0.8x | |
| TIW Tin Inn Holding Ag | €10.00 | 7.5% +€14.0m | -11.7% | n/a | |
| HOC HolidayCheck Group | €4.40 | 2.3% +€8.7m | -1.8% | n/a | |
| ACX bet-at-home.com | €3.43 | 27.0% +€5.1m | 15.1% | PE26.1x | |
| TIMA ZEAL Network | €43.20 | 0.5% +€4.2m | -9.8% | PE22.7x |