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.
“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.
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