August 31, 2016 · Team HG
Hotels, restaurants, snack bars, and cafes generated 0.5 percent more revenue in the second quarter than in the first quarter of 2016, reports CBS.
Volume, including the number of consumptions and overnight stays, declined slightly. Revenues for restaurants and hotels rose most strongly in the second quarter, while snack bars had to make do with lower revenue compared to the previous quarter.
Today, CBS also publishes the quarterly monitor hospitality industry with more information about the hospitality industry, including holiday parks, canteens, and catering.
Source: cbs.nl
Revenues in hotels and restaurants rose the most strongly, by 1 percent. Revenue growth in both sectors was higher than in the first quarter. Cafés generated virtually the same revenue in the second quarter as in the previous quarter.
Within the hospitality sector, the turnover of snack bars—including lunchrooms, fast-food restaurants, meal delivery services, and ice cream parlors—was the only one to decline (-0.7 percent). The volume, roughly the number of items sold, also decreased by 0.9 percent compared to the previous quarter.
The hospitality sector generated nearly 5 percent more revenue than in the second quarter of 2015. Growth in the two preceding quarters was higher, at over 7 percent, but this time too, all sectors realized higher revenue. Snack bars recorded the largest increase at 6.6 percent. Hotels, restaurants, and cafes each booked revenue growth of more than 4 percent. For the hospitality sector, both volume and prices were 2.4 percent higher than a year earlier.
Sources: cbs.nl / StatLine – Hospitality; revenue development
