Turnover sector hotels and restaurants further down in 2009
- Volume decline twice as bad in 2009
- Most dramatic downturn for hotels and pubs
- Modest turnover growth cafeterias
- No signs of recovery in fourth quarter
Turnover volume in the sector hotels and restaurants slumped by 7.4 percent in 2009 relative to the preceding year. The decline was twice as bad as in 2008. Such a dramatic downturn has not been recorded since monitoring of the sector was started in 1993. As prices were raised by an average of 2.2 percent, turnover declined by 5.3 percent in 2009, according to the latest figures by Statistics Netherlands.
The most substantial turnover decrease was recorded for hotels and pubs, where turnover fell by nearly 9 percent compared to 2008. Due to the recession, the number of business clients and conferences dwindled. Turnover in pubs dropped by 7.5 percent compared to last year. Pub prices rose by an average of 4.6 percent. Turnover volume was 11.5 percent down on one year previously. Turnover volume of restaurants fell by 7.4 percent in 2009.
Unlike other branches in the sector hotels and restaurants, cafeterias managed to realise a turnover growth of 1.3 percent in 2009 relative to one year previously. Since turnover volume declined by 0.9 percent, the growth is entirely attributable to higher prices.
In the fourth quarter of 2009, turnover volume in the sector hotels and restaurants was 7.4 percent down on the same period in 2008. Prices were 1.9 percent up. Turnover slumped by 5.7 percent in the fourth quarter.
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