An increasingly popular tourist destination in Germany

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An increasingly popular tourist destination in Germany, the number of guest nights spent by domestic and foreign tourists has increased significantly in the first half of this year, according to a report from the Federal Bureau of Statistics (Destatis) on Thursday.

During the first six months of the year, 222.4 million overnight stays at commercial hotels were recorded, an increase of 3.8 percent from a year earlier.
Overnight stays by foreign tourists increased by 3 percent to 39.8 million and domestic overnight stays by 4 percent to 182.6 million, according to Destatis, which aggregates data on hotels with a minimum of ten beds.
The end of the study period, June, is the first month of the tourist season. At that time, 50.7 million guest nights were registered, an increase of 9.7 percent year-over-year.
The data indicate that more and more Germans are on holiday in their country; Domestic tourists spent 11.1 percent on guest nights in June, up from 42.4 million in the previous year. Overseas guests spent 8.3 million nights in hotels in June, an increase of 3.3 percent.
Germany has around 44,000 commercial accommodation and 180,000 catering establishments, according to statistics from the national hotel and catering association (Dehoga). About 2.36 million people work together in tourism and gastronomy. The sector’s turnover was EUR 89.7 billion (HUF 29,150 billion) last year, an increase of 3.5 percent compared to the previous year.

Record market capitalization of the 100 largest companies in the world The market capitalization of hundreds of the world’s leading listed companies rose to a record $ 21,000 billion, according to PwC’s Global Top 100 Survey.     In the one-year period from April last year, the market capitalization of one hundred leading companies increased by 5 per cent, slowing down from the 10 per cent growth one year earlier.     Technology and online commerce companies continue to dominate the narrow list, with seven companies in the top ten: US, Microsoft, Apple, Amazon, Alphabet and Facebook, plus two Chinese, Alibaba and Tencent .     For the fifth year in a row, 54 percent of the 100 largest companies in the US have increased their market capitalization by over 9 percent in one year.     China ranks second in the Global Top 100 despite Asian companies’ market capitalization declining by 4 percent over the past 12 months.     One year ago, Chinese companies increased their market capitalization by 57 percent. Then three new Chinese companies were placed in the Top 100 and two in the Top 10.     According to the latest PwC list, European companies’ market capitalization fell by 5 percent in one year and three companies fell out of the 100 list.      Microsoft tops the latest hundred list, after being third last year, and its market capitalization increased by $ 202 billion to $ 905 billion in one year.     Last year, Apple topped second place, with $ 45 billion in market capitalization and $ 896 billion in market capitalization.     In the top ten, four other companies are American, Amazon, Alphabet, Berkshire Hathaway and Facebook.     Chinese companies rank seventh and eighth in the list: Alibaba retained its seventh position, while Tencent slipped from last year’s fifth to eighth.     The top two places in the top ten are American companies again: ninth is Johnson & Johnson and tenth is Exxon Mobil.

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