Turnover hotels and restaurants down slightly

25/11/2004 09:30

In the third quarter the turnover of hotels and restaurants was down 0.4 percent on the same period in 2003, according to the preliminary figures by Statistics Netherlands. The decrease in the second quarter was 1.2 percent. Only fast food outlets saw a turnover increase in the third quarter.

Prices in hotels and restaurants went up by 1.1 percent on the third quarter of 2003, while the turnover volume was down by 1.5 percent.

Turnover bars/cafés fell most

Bars/cafés had 1.7 percent less turnover in the third quarter than in the same period of 2003. As was the case in the second quarter, bars/cafés saw the largest drop in turnover of the entire hotel and restaurant branch. Prices in the third quarter of 2004 were 1.6 percent higher than the year before, while turnover volume was down by 3.2 percent. The bars/cafés have not seen an increase in turnover volume ever since the first quarter of 2001.

More turnover for fast food outlets

Only fast food outlets saw an increase in turnover on the previous year. After six quarters of negative growth, they saw a modest 0.2 percent growth rate in the second quarter. This upward trend was continued with a growth rate of 1.3 percent in the third quarter. The increase in turnover is partly due to a 2.4 percent price rise on the third quarter of 2003. The turnover volume was 1.1 percent less.

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