November 30, 2016 · Team HG
Hotels, restaurants, snack bars, and cafes generated 2.6 percent more revenue in the third quarter than in the previous quarter, according to Statistics Netherlands (CBS). Revenue rose particularly in restaurants, cafes, and snack bars. Volume—the number of consumptions and overnight stays—also increased. Compared to a year earlier, the hospitality sector achieved record growth of 8.8 percent.
Turnover increased most strongly in restaurants and cafés, by 3.5 and 3.4 percent respectively. Growth in both sectors was also higher than in the first two quarters of this year. Cafés, including eateries and coffee shops, have never before achieved such a strong increase in turnover. In contrast to other hospitality sectors, café sales (volume) are still lower than before the crisis.
Snack bars, including lunchrooms, fast food restaurants, food delivery services, and ice cream parlors, saw a 2.7 percent increase in turnover in the third quarter. Fast food chains and food delivery services, in particular, recorded higher revenue than the previous quarter.
For hotels, revenue growth of 0.2 percent was weaker than for other sectors, and growth was also lower compared to previous quarters.
Compared to the third quarter of 2015, the hospitality industry saw an 8.8 percent increase in turnover. The hospitality sector last achieved such a turnover increase in the first quarter of 2007. Snack bars recorded the largest turnover increase compared to last year, at over 13 percent. Sellers of fries, sandwiches, and other snacks have never before realized such growth.
On average, prices in the hospitality sector were 2.7 percent higher than a year earlier. Volume grew by an average of 6 percent.
An overview of developments in the hospitality industry in the third quarter of 2016.
Revenue in the hospitality sector increased again in the third quarter of 2016. In the third quarter, revenue rose by 8.4 percent compared to the same quarter a year earlier. It is the largest increase since the third quarter of 1999.
Employment and the number of start-ups also increased. Business confidence remained undiminished.
Quarterly monitor hospitality industry, third quarter 2016
Source: CBS.nl
