Narrative Update • May 20
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German (DAX) Hospitality Industry Analysis
UpdatedMay 23, 2026
DataAggregated Company Financials
Companies19
- 7D8.0%
- 3M24.7%
- 1Y21.1%
- YTD13.9%
The Hospitality industry is up 9.3% in the last week, with Delivery Hero up 14%. Meanwhile, ZEAL Network actually underperformed within the industry, shrinking 5.4% in the last week. In the last 12 months, the industry was up 19%. Looking forward, earnings are forecast to grow by 69% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 23 May 2026 | €16.3b | €39.2b | -€152,950,358.25 | 19x | -106.6x | 0.4x |
| Mon, 20 Apr 2026 | €13.0b | €39.0b | -€151,664,798.02 | 24.9x | -85.8x | 0.3x |
| Wed, 18 Mar 2026 | €11.1b | €38.4b | €144.7m | 26.9x | 76.9x | 0.3x |
| Fri, 13 Feb 2026 | €13.4b | €38.4b | €142.8m | 30.5x | 93.7x | 0.3x |
| Sun, 11 Jan 2026 | €14.6b | €38.4b | €101.0m | 29.6x | 144.9x | 0.4x |
| Tue, 09 Dec 2025 | €12.8b | €38.4b | €126.9m | 28.7x | 100.7x | 0.3x |
| Thu, 06 Nov 2025 | €12.4b | €38.4b | €110.7m | 28.2x | 111.8x | 0.3x |
| Sat, 04 Oct 2025 | €14.1b | €38.4b | €110.7m | 28.8x | 127.8x | 0.4x |
| Mon, 01 Sep 2025 | €13.8b | €38.4b | €111.2m | 23.3x | 124.3x | 0.4x |
| Wed, 30 Jul 2025 | €14.5b | €36.8b | -€338,614,684.00 | 23.3x | -42.7x | 0.4x |
| Fri, 27 Jun 2025 | €12.5b | €36.9b | -€293,653,042.00 | 20.9x | -42.6x | 0.3x |
| Sun, 25 May 2025 | €13.0b | €36.9b | -€310,064,502.00 | 15.1x | -42x | 0.4x |
| Tue, 22 Apr 2025 | €12.2b | €35.4b | -€1,640,989,503.00 | 11.5x | -7.4x | 0.3x |
| Thu, 20 Mar 2025 | €12.9b | €35.4b | -€1,647,469,451.00 | 13.5x | -7.8x | 0.4x |
| Sat, 15 Feb 2025 | €14.5b | €35.4b | -€1,647,469,451.00 | 13.6x | -8.8x | 0.4x |
| Mon, 13 Jan 2025 | €14.2b | €34.8b | -€1,684,154,313.00 | 14.4x | -8.4x | 0.4x |
| Wed, 11 Dec 2024 | €15.4b | €35.8b | -€1,715,552,840.00 | 14x | -9x | 0.4x |
| Fri, 08 Nov 2024 | €16.8b | €33.8b | -€1,653,779,313.00 | 13.6x | -10.1x | 0.5x |
| Sun, 06 Oct 2024 | €17.1b | €33.8b | -€1,655,492,805.00 | 14.3x | -10.4x | 0.5x |
| Tue, 03 Sep 2024 | €14.0b | €33.7b | -€1,699,985,030.00 | 16.8x | -8.2x | 0.4x |
| Thu, 01 Aug 2024 | €11.6b | €32.2b | -€1,794,144,030.00 | 26.2x | -6.5x | 0.4x |
| Sat, 29 Jun 2024 | €12.3b | €32.4b | -€1,799,430,684.00 | 18.7x | -6.8x | 0.4x |
| Mon, 27 May 2024 | €11.0b | €10.5b | -€2,302,442,783.00 | 25.9x | -4.8x | 1x |
| Wed, 24 Apr 2024 | €13.9b | €31.4b | -€1,907,408,781.00 | 21.7x | -7.3x | 0.4x |
| Fri, 22 Mar 2024 | €12.5b | €31.4b | -€1,924,381,781.00 | 21.9x | -6.5x | 0.4x |
| Sun, 18 Feb 2024 | €11.0b | €31.4b | -€1,921,547,826.00 | 33x | -5.7x | 0.4x |
| Tue, 16 Jan 2024 | €10.9b | €30.8b | -€2,055,047,826.00 | 38.5x | -5.3x | 0.4x |
| Thu, 14 Dec 2023 | €12.8b | €30.8b | -€2,055,047,826.00 | 40x | -6.2x | 0.4x |
| Sat, 11 Nov 2023 | €11.5b | €30.0b | -€2,156,258,297.00 | 45.1x | -5.4x | 0.4x |
| Mon, 09 Oct 2023 | €11.7b | €30.0b | -€2,164,706,297.00 | 12.8x | -5.4x | 0.4x |
| Wed, 06 Sep 2023 | €13.4b | €30.0b | -€2,163,369,297.00 | 13.6x | -6.2x | 0.4x |
| Fri, 04 Aug 2023 | €11.8b | €9.0b | -€3,028,957,794.00 | 33.4x | -3.9x | 1.3x |
| Sun, 02 Jul 2023 | €12.2b | €9.0b | -€3,028,122,371.00 | 33.3x | -4x | 1.4x |
| Tue, 30 May 2023 | €11.4b | €9.0b | -€3,027,315,196.00 | 48.5x | -3.8x | 1.3x |
Price to Earnings Ratio
-3.8x
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 0.45x.
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 | 3.17% | |
| Consumer Discretionary | 1.53% | |
| Hospitality | 7.99% | |
| Restaurants | 13.86% | |
| Hotels, Resorts and Cruise Lines | 0.91% | |
| Leisure Facilities | 0.15% | |
| Casinos and Gaming | -4.11% | |
Industry PE
- Investors are most optimistic about the Casinos and Gaming industry, which is trading close to its 3-year average PE ratio of 56.4x.
- Analysts are expecting annual earnings growth of 16.8%, which is lower than the prior year's growth of 63.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 97% over the next 5 years.
- In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 17% 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 | €33.59 | 13.9% +€1.2b | 37.4% | PS0.7x | |
| TUI1 TUI | €6.56 | 2.0% +€65.0m | -4.9% | PE4.7x | |
| ACX bet-at-home.com | €2.98 | 10.0% +€1.9m | 1.0% | PE22.7x | |
| EAD Erlebnis Akademie | €3.96 | 2.1% +€202.0k | 0.5% | PS0.4x |