Largest increase in hospitality revenue since mid-2010

Revenue from hotels, restaurants, snack bars, and cafes rose by 2 percent in the second quarter of 2015 compared to the previous quarter. This is the largest increase in 4.5 years. Revenue from hotels and restaurants, in particular, increased. Volume—the number of consumptions and overnight stays in the hospitality sector—rise by 1.6 percent. This makes CBS known.

Hotel bookings biggest increase
Hotel revenue rose the strongest, by 2.7 percent. In the second quarter, hotels welcomed more tourists and business guests. Restaurant revenue increased by 2.3 percent compared to the previous quarter. Furthermore, snack bars, including lunchrooms and ice cream parlors, recorded a revenue increase of 1.4 percent. Finally, cafés saw a 1.4 percent increase in revenue in the second quarter, and the number of items sold also rose again. Cafés had struggled with declining sales almost continuously since the crisis.

The increase in revenue in the hospitality sector was primarily the result of more food and drinks sold and overnight stays. Price increases played a smaller role.

hotel volume development not available

More than 6 percent more revenue for the hospitality sector than a year earlier
The hospitality sector generated over 6 percent more revenue than in the second quarter of 2014. All sectors achieved higher revenue. Restaurants recorded the highest growth at 8.6 percent. Hotels and snack bars recorded a revenue increase of over 5 percent. Cafés realized 2.8 percent revenue growth, which was largely attributable to higher prices. Cafés charged 2 percent more for drinks and food than a year earlier. On average, prices in the hospitality sector were 1 percent higher than a year earlier.

Source CBS.nl
StatLine:
Revenue development in the hospitality industry
Hotels; business overnight stays, region
Hotels; guests, overnight stays, country of residence, star class