In the second quarter of 2007, the sector hotels and restaurants showed an overall turnover growth rate of nearly 7 percent relative to one year previously. The turnover growth rate was even higher for restaurants and cafetarias. Prices in the sector rose by 3 percent compared to last year, volume increased by 3.4 percent. The growth is slightly below the level of the first quarter, according to provisional figures published by Statistics Netherlands.
Restaurants and cafetarias perform well
Turnover of restaurants and cafetarias grew markedly. With a growth rate of 10 percent, cafetarias look back on a remarkably successful second quarter. Prices in cafeterias rose above average, due to high potato prices. Nevertheless, the volume of sales also increased considerably relative to one year ago. Restaurants achieved a turnover growth rate of more than 8 percent. Turnover volume grew by 5.2 percent.
Turnover growth rate pubs and bars 4 percent
Pubs and bars recorded a turnover increase of 4 percent, almost entirely caused by higher prices. Volume grew by a scarce 0.5 percent. The rainy month of May had a downward effect on quarterly results. Hotels generated a turnover growth rate of 4.8 percent, fairly modest compared to restaurants and cafetarias.
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