- All branches in the sector show turnover and volume growth
- Pubs achieve best results
Statistics Netherlands (CBS) announced today that hotels, restaurants and pubs collectively achieved a turnover growth of 1.3 percent in the second quarter of 2014 relative to the first quarter. Volume - roughly defined as the total consumption of food and drinks plus the number of overnight stays - rose by 0.9 percent during this period. For the second quarter in a row, the sector thrived due to the favourable weather conditions and growing confidence among Dutch consumers.
Pubs achieve good results
With a 3.4 percent turnover growth and a 2.6 percent volume increase, pubs performed exceptionally well. Pubs benefited most from the fine weather in spring and the Football World Championship. For the first time since the third quarter of 2010, pubs realised volume as well as turnover growth, although the volume level is still far below the pre-recession level. Volume figures have fallen by more than a quarter since the record level reached in the second quarter of 2007.
Hotels and restaurants also report turnover growth
After a strong first quarter, the hotel branch also reported turnover growth ((1.6 percent) in the second quarter. With 0.2 percent, turnover growth generated by the restaurant branch was distinctly below the level of the preceding quarters. Volume declined by 0.3 percent. Snack bars and ice-cream parlours performed much better in the second quarter than restaurants.
Overall turnover generated by the sector hotels and restaurants was 5.1 percent up from the same quarter last year.