Turnover growth hotels and restaurants 3 percent
Hotels show biggest growth
Hotels achieved the highest quarter-on-quarter turnover growth in Q1 (4.5 percent). For hotels this is the highest growth rate in nearly 4 years.
Restaurants realised 4.2 percent turnover growth in Q1 relative to Q4 2016. Volume (sales adjusted for price developments) rose by 3.7 percent. Snack bars, including tearooms, fast food restaurants, meal delivery services and ice-cream parlours saw 0.9 percent turnover growth in Q1.
Pubs and bars (also including pubs providing meal services and coffee bars) realised a growth of 0.6 percent in Q1, whereas in Q4 2016 turnover declined by 0.6 percent. Turnover growth generated in pubs and bars in Q1 is mainly due to higher prices, the volume of sales remained unchanged.
| Turnover | Volume (turnover adjusted for price developments) | |
|---|---|---|
| Sector hotels and restaurants | 2.9 | 2.3 |
| Hotels ¹⁾ | 4.5 | |
| Restaurants | 4.2 | 3.7 |
| Snackbars | 0.9 | 0.3 |
| Pubs | 0.6 | 0 |
1) Volume developments hotels not available
Year-on-year turnover growth
Relative to Q1 2016, the sector hotels and restaurants realised a turnover growth of nearly 8 percent in Q1 2017. The volume of sales grew by an average of almost 6 percent. On an annual basis, hotels, restaurants, snack bars and pubs all achieved turnover growth.
| Turnover | Volume (turnover adjusted for price developments) | |
|---|---|---|
| Sector hotels and restaurants | 7.8 | 5.7 |
| Snackbars | 10.2 | 6.6 |
| Restaurants | 8.2 | 6.5 |
| Hotels ¹⁾ | 7.9 | |
| Pubs | 4.3 | 2.3 |
1) Volume developments hotels not available
Sources
Related items
- Dossier - Business Cycle