- Turnover and volume growth
- Pubs do not contribute to growth
Statistics Netherlands (CBS) announced today that traditional retailers in the sector hotels and restaurants achieved a 1.4 percent volume growth in the first quarter of 2014 relative to the fourth quarter of 2013. Figures have been adjusted for seasonal variation. The sector provided a boost to the economy, generating a 1.6 percent turnover growth in the first quarter of this year. These are the highest first-quarter figures recorded since 2006.
Nice weather conditions boost turnover results
Adjusted for seasonal variation, consumers and entrepreneurs spent more money in hotels, restaurants, pubs, etc. in the first quarter than in the preceding quarter. The growth is partly caused by the exceptionally mild weather conditions in the winter of 2014. Restaurants accounted for remarkably good results in the first quarter, generating a turnover growth of 2.1 percent relative to the previous quarter. Hotels and cafeterias recorded a turnover growth of 1.6 and 1.7 percent respectively.