Turnover hotels and restaurants sector down again

18/08/2004 09:30

In the second quarter of 2004 turnover in the hotels and restaurants sector was 1.5 percent down on the same quarter last year, according to provisional figures published by Statistics Netherlands. In the first quarter turnover dropped by 0.8 percent.

Prices in hotels and restaurants were 1.6 percent higher than twelve months previously. The volume of turnover was 3.1 percent down on the second quarter of 2003. After five quarters in which the decrease in turnover volume was continuously falling off, the decrease was now for the first time up on the previous quarter.

Turnover restaurants considerably lower in June

In the second quarter of 2004 turnover for restaurants was 2.4 percent down on last year’s second quarter, mainly caused by June’s turnover which was 6.1 percent down on June 2003.

Reduced turnover pubs and bars

Turnover for pubs and bars was 1.7 percent lower in the second quarter of 2004 than in the same period last year, whereas in the preceding two quarters turnover grew modestly. Prices in the second quarter were 2 percent higher than twelve months previously. The volume of turnover in pubs and bars was 3.6 percent down on the same period last year.

Upward trend volume growth discontinued

In the fourth quarter of 2002 turnover volume hit a low, when it shrank by 7.2 percent compared with twelve months previously. Since the fourth quarter of 2002 the quarterly decrease has fallen off. In the first quarter of 2004 the decrease was reduced to 2 percent but the upward trend was interrupted in the second quarter of 2004 when turnover volume fell by 3.1 percent.

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