Modest turnover growth for sector hotels and restaurants

  • Turnover growth after eight quarters of decline
  • Turnover volume still shrinking
  • Restaurant turnover continues to fall 

After eight quarters of decline, higher prices in the sector hotels and restaurants accounted for a turnover growth of nearly 1 percent in the third quarter of 2010 compared to the third quarter of 2009. According to the most recent figures released by Statistics Netherlands, the volume of sales shrank by 1 percent.

Hotels achieved the best results in the sector. Their turnover grew by 4.5 percent relative to one year ago. Cafeterias and pubs also realised higher turnovers in the third quarter. Pub prices were 2.6 percent up, turnover growth was 2.1 percent. Turnover volume was 0.5 percent down.

Unlike other branches in the sector, restaurants faced a loss of turnover by nearly 4 percent from one year previously. Restaurant prices were 1.7 percent higher. Turnover volume dropped 5.4 percent.