Frankfurt is the richest city in the Federal Republic by GDP per capita. Its urban area has a population of 2.5 million. Frankfurt is one of the most international cities in Germany, mostly due to its importance for business tourism.
Corporate operated chain supply as of 01/01/2017 (rooms)
“Mainhattan” is well known for its leading role for the European banking sector: the ECB headquarters moved in the Eurotower in 1998 and close to 500 banks – including Germany’s major banks – are represented in the city. The Frankfurt Stock Exchange is the second-largest financial place in Europe after London, and Germany’s largest marketplace (85% of stock exchange).
Frankfurt’s hotel industry had reached an all-time high in tourist numbers in 2015, with 8.7 million overnights. From January to October 2016, Frankfurt recorded 1.9% growth in international arrivals. 55% of overnight stays are generated by domestic visitors, the rest being carried out by international customers.
The main source markets are the United States (16.9 of the YTD visitors), China (8.6%) and GCC countries (16.9%). In Europe, visitors mainly come from the United Kingdom (7.3%), Spain (4%) and Switzerland (3.6%).
As of January 1, 2017, Frankfurt totals 24,844 chain rooms.