Turnover sector hotels and restaurants nearly 4 percent down
- Hotels face largest turnover loss
- Pub turnover less dramatic than in the first two quarters of 2009
- Cafeterias outperform restaurants and public houses
In the third quarter of this year, turnover generated in the sector hotels and restaurants was 3.9 percent down on the same period in 2008. The most recent figures published by Statistics Netherlands show that the downturn was less substantial than in the first two quarters of 2009. Prices in the sector rose by an average of 2.2 percent in the third quarter, volume dropped by 6 percent.
With 6.2 percent loss of turnover, hotels suffered most from the current economic situation. September, accounting for a turnover decrease of 10.4 percent, had a noticeable affect on the downturn in the third quarter.
Turnover realised by restaurants fell by 4.4 percent, turnover volume by 6.8 percent.
Pub turnover dropped by 4.9 percent in the third quarter. The drop was more moderate than anticipated, partly due to the warm weather conditions in summer. Prices rose by 4.6 percent. The volume of pub turnover fell steeply 9.1 percent.
Cafeterias were the only branch to realise turnover growth (1.7 percent) in the third quarter. Prices went up by 2.3 percent. Turnover volume shrank by 0.6 percent.