For a month, from 14 June to 14 July, football fans had their eyes riveted on the ten major German cities where the 2024 European Football Championship matches took place: Berlin, Cologne, Munich, Frankfurt, Hamburg, Dortmund, Leipzig, Gelsenkirchen, Stuttgart and Düsseldorf. Around 600,000 foreign tourists flocked to the Vaterland to watch the matches in the stadiums. Although the economic impact appears to have been significant at first glance, let’s take a look at how much of the pie the hotel and tourism sector actually got.
A boost for the German economy? According to a study by the ifo Institute, the tournament is expected to bring in an additional €1 billion to the German economy, equivalent to around 0.1% of gross domestic product (GDP) for the second quarter of 2024. This increase is mainly due to higher tourism…
