Turnover accommodation and food services up by nearly 3 percent in Q3

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Turnover in the accommodation and food services sector rose by 2.7 percent in the third quarter relative to the second quarter, as reported by Statistics Netherlands (CBS). The volume (turnover adjusted for price changes) hardly increased (0.1 percent). In both Q3 and the previous quarter, there were no coronavirus measures in place for the accommodation and food services sector.

Relative to Q3 2021, turnover in the accommodation and food services sector was 21.7 percent higher. The volume was 11.9 percent higher. Last year, however, the sector was still affected by coronavirus measures during the third quarter.

Turnover accommodation and food services (seasonally adjusted)*
YearQuarterTurnover (2015=100)Volume (turnover adjusted for price changes) (2015=100)
Quarter 4115.5108.1
2018Quarter 1117.8109
2018Quarter 2120.8111.2
2018Quarter 3121.1110.7
2018Quarter 4123.5112.5
2019Quarter 1122.61111.4
2019Quarter 2125.01111.9
2019Quarter 3125.75112.3
2019Quarter 4128.1114.4
2020Quarter 1109.797.2
2020Quarter 253.1
2020Quarter 3109.495.5
2020Quarter 461.352.7
2021Quarter 159
2021Quarter 28169
2021Quarter 3124.3105.2
2021Quarter 4102.385.2
2022Quarter 1112.791.4
2022Quarter 2147.9117.9
2022Quarter 3151.8118
* volume figures 2020-II and 2021-I unknown or insufficiently reliable

More turnover hotels

Seasonally adjusted turnover in accommodation services, including hotels and holiday parks, rose by 7 percent on the previous quarter in Q3 2022. Hotels had 10.8 percent more turnover than in the previous quarter. Both the number of overnight stays and prices increased. The turnover of other accommodation services including holiday parks and campsites decreased by 2.2 percent.

Turnover of food and beverage outlets increased by 1.1 percent compared to the previous quarter. Canteens and catering achieved 5.2 percent more turnover. Turnover of fast food restaurants (including snack bars and cafeterias) increased by 1.9 percent. Restaurants achieved the same turnover as in the previous quarter, while turnover of cafés decreased by 0.9 percent.

Turnover accommodation and food services (seasonally adjusted), Q3 2022
 change (quarter-on-quarter % change)
Accommodation services (total)7
Other accommodation services-2.2
Food and beverages services (total)1.1
Canteens and catering5.2
Fast-food restaurants1.9

Turnover in accommodation and food services up by almost 22 percent year on year

In Q3 2022, turnover in accommodation and food services was 21.7 percent up on the same quarter of 2021. The substantial growth is partly due to the fact that the sector was still affected by some coronavirus measures during the third quarter of last year and to price increases.

Hotels recorded 54.3 percent more turnover in Q3 than one year previously. Holiday accommodation rental companies and camping sites recorded a turnover increase of 7.6 percent compared to Q3 2021.

The year-on-year turnover increase at cafés was 20.6 percent in Q3. Restaurants achieved 10.9 percent more turnover year on year. Fast food restaurants recorded a year-on-year turnover increase of 13.2 percent. Finally, canteens and catering achieved 38.5 percent more turnover than one year previously. This is the largest turnover increase of all industries in the accommodation and food services sector, after hotels.

Turnover accommodation and food services, Q3 2022
  (year-on-year % change)
Accommodation and food services (total)21.7
Accommodation services (total)36
Other accommodation services7.6
Food and beverages services (total)16.6
Canteens and catering38.5
Fast-food restaurants13.2

Sharp turn in sentiment among hotel and catering entrepreneurs

Entrepreneurial confidence in accommodation and food services declined further at the beginning of Q4 2022. Confidence fell from 15.5 at the beginning of Q3 to -12.2 at the beginning of Q4. It was the strongest decline of any industry. Relative to the previous quarter, entrepreneurs in the sector were more pessimistic about turnover and the economic climate for the next three months.

Business confidence accommodation and food services
YearQuarterBusiness confidence
2018Quarter 118.4
2018Quarter 212
2018Quarter 312.3
2018Quarter 411.2
2019Quarter 111.9
2019Quarter 28.6
2019Quarter 37.4
2019Quarter 41.9
2020Quarter 10.2
2020Quarter 2-84.3
2020Quarter 3-52.4
2020Quarter 4-27.4
2021Quarter 1-57.1
2021Quarter 2-32.6
2021Quarter 339.8
2021Quarter 434.5
2022Quarter 1-35.3
2022Quarter 240.9
2022Quarter 315.5
2022Quarter 4-12.2
Source: CBS, EIB, KVK, MKB-Nederland, VNO-NCW